Tips on how to finance your Altigreen EV

Tips on how to finance your Altigreen EV

Altigreen neEV, the 3-wheeler electric cargo, is becoming the most favoured way for last mile transportation solutions as they offer a range of benefits that can improve the flow of goods and services and reduce traffic congestion in India's cities. With their environmental sustainability, cost-effectiveness, and ability to create employment opportunities, they are a valuable asset to the urban transportation system. Owning and running your own neEV seems like a very profitable and yet sustainable way to propel your business to another level.

Buying an Altigreen neEV  has never been easier with the various financing schemes available for single EV owners and for large fleet owners as well.  Financing schemes can be a helpful way to purchase an Altigreen neEV,  as it allows you to spread the cost of the vehicle over a longer period, making it more affordable to purchase. Also,  government incentives help offset the cost of the vehicle. 

Keeping the above points in mind here are few financing schemes and plans available for buying an Altigreen neEV, making it a complete value for money purchase. Financing schemes provide customers with access to additional services such as maintenance and repair, helping to reduce overall costs.

Financing options for Altigreen neEV products

  1. Term loan - Small businesses with good financial records can avail a lump sum of cash upfront from banks, with specific borrowing terms and repayment schedule. However, substantial down payments may be required to reduce EMI amounts and the overall cost of the loan. 
  2. Battery subscription - Altigreen offers a subscription-based plan for EV batteries, reducing upfront costs for individuals and businesses.
  3. Leasing - Altigreen's vehicles can be leased for a predetermined time period, with timely rental payments. However, this option doesn't provide any ownership over the vehicle.
  4. MUDRA loan - Small businesses can benefit from government-facilitated loans under the Pradhan Mantri Mudra Yojana scheme. 

‍ Financing schemes offer an excellent choice for customers interested in buying Altigreen products. These schemes provide the advantages of flexibility, affordability, and access to supplementary services. Customers can benefit from leasing or installment payments, which allow for spreading the cost over a period, tax benefits, and the opportunity to upgrade to the latest technology. Additionally, financing schemes offer maintenance and repair services that help reduce overall expenses.

Electric 3-wheeler, Electric cargo vehicles, Electric load auto
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