KATHMANDU: Leapmotor’s official distributor in Nepal, Shangrila Motors, has announced a New Year offer on its EV lineup.
Under the scheme, customers can purchase any Leapmotor model with just 15 percent down payment.
The company is also offering a low interest rate of 5.96 percent on auto loans.
Nepal Rastra Bank requires a minimum 40 percent down payment for vehicle loans. However, the remaining 25 percent gap is managed through a credit card facility.
Customers can use a credit card to cover this portion. Banks provide up to NPR 1.6 million under this facility, reducing the need for upfront cash.
If the buyer’s income supports financing up to 85 percent of the vehicle price, no immediate cash down payment is required.
On the occasion of Nepali New Year 2083, the company has also introduced the ‘Leap Care’ scheme. It includes up to 11 years of extended warranty on the battery.
As per the offer, customers can buy models like Leapmotor T03, Leapmotor B10, and Leapmotor C10 with the 15 percent down payment plan.
