In a bid to revolutionize the electric scooter market, Ola Electric has announced the OLA Loot Lo Sale, an opportunity for enthusiasts to seize a flat discount of 20,000 Rs on the Ola S1 electric scooter. This move not only makes the Ola S1 more accessible but also aligns with the growing trend of financing electric scooters, enabling individuals with budget constraints to join the green revolution.
Trend of Financing Electric Scooters
The surge in popularity of electric scooters is not only driven by environmental consciousness but also by the increasing trend of financing. Many individuals, working with limited budgets, are now opting to bring home their desired electric scooter by making a nominal down payment and spreading the remaining cost across manageable installments.
Information about Ola S1
For those eyeing the Ola S1, a flagship electric scooter from Ola Electric, it’s not just about the discount. The Ola S1 boasts an impressive range of up to 95 kilometers on a single charge, coupled with a top speed of 85 kilometers per hour, making it a compelling choice in the electric scooter segment.
Finance Details for Ola S1
Here’s a breakdown of the finance details for the Ola S1 variant with a down payment of 20,000 Rs:
- Loan Amount: Rs 74,878
- Loan Duration: 3 years
- Interest Rate: 9 percent
This translates to a monthly installment of Rs 2,381 for the next 36 months. Additionally, customers opting for this financing plan will incur an interest charge of approximately Rs 11,000 over the loan period.
Summary
As the trend of financing electric scooters gains momentum, the Ola S1 stands out as a frontrunner in affordability and performance. The OLA Loot Lo Sale, with its flat 20,000 Rs discount, makes the Ola S1’s enticing features even more accessible to a wider audience, marking a significant stride in the electric vehicle market.
