TFC Title Loans Now Serves Tennessee State Residents With The Fastest Financial Assistance In Town

TFC Securities Lending Logo

TFC Securities Lending

TFC Securities Lending

NASHVILLE, TENNESSEE, USA, August 17, 2020 /EINPresswire.com/ — TFC Securities Lendinga leading nationwide lending company originally based in California recently expanded its line of financing to the state of Tennessee and is now available in all cities across the state. The expansion will allow residents across Tennessee to get quick and easy financial relief by using their car titles as collateral.

Getting a car title loan is a quick and easy process with TFC Title Loans. To get one, people of Nashville, Memphis, or any other location in Tennessee must own and possess title to their vehicle (cars, trucks, SUVs, motorcycles, and RVs are all acceptable). The amount of the loan will be determined by several factors, including but not limited to the value of the vehicle. Borrowers can receive any amount up to $50,000.

Apart from this, TFC Title Loans offers its customers many additional benefits. First, in Tennessee, TFC Title Loans does not necessarily need to perform a credit check on loan applicants. The minimum car value requested is $2,600.

Unlike other lending companies, with TFC there are no prepayment penalties in case customers want to repay a certain amount of money immediately. Once a loan is approved, TFC Title Loans can be funded in less than 15 minutes* If approved. The company also offers remarkably low interest rates, as the purpose of the financial assistance is to lighten the backs of customers instead of worsening their financial situation. TFC also offers the option of refinancing existing home loans with a lower interest rate. Finally, TFC Title Loans offers a free pre-application consultation for anyone interested.

Tennessee residents in need of emergency cash just need to follow these simple steps. First, they will need to complete their application form online or call the company’s number so that a customer service agent can complete their application form for them.

Then, applicants will be asked to provide some documents, either in person, by fax, e-mail or SMS. The documents required are a valid identity document, proof of income (payslip, letter of employment, bank statements, proof of unemployment or social security, among others), a pink slip or gray card, proof of insurance and proof of address (electricity bill, junk mail).

Once the loan is approved, customers receive the money the same day, some within minutes with instant funds!

Since 1994, TFC Title Loans has successfully helped new and existing clients in California, Arizona and other states across the country with their financial needs. In an effort to reach and help Tennessee residents as well, TFC Title Loans has expanded to this warm and vibrant state.

Dan Joelson
TFC Securities Lending
+1-844-242-3543
write to us here

What is an auto title loan?

How Do Car Title Loans Work?

All loans carry risk if they are not repaid on time. One particularly troubling consequence of a car title loan, however, is if you default on your payment obligations: the lender can take your vehicle.

Before you consider getting a title loan, think about the potential potholes you will encounter if you use your vehicle as collateral to borrow money.

What is a title loan?


Definition of car title loan

An auto title loan is a short term loan that allows you to get a small amount of money in exchange for handing over the title of your vehicle to the lender. You will also have to pay significant fees to borrow money.


Let’s say you own a car worth $ 5,000 and you find yourself in an emergency that requires $ 1,000. A title loan allows you to borrow against your vehicle, so you can quickly get that $ 1,000. Just like a mortgage is against your home, a title loan uses your vehicle as collateral.

“One of the main pieces of information people need to understand about a title loan is that it uses your vehicle’s equity to secure the money you borrow,” says Bruce McClary, vice-president. president of communications at the National Foundation for Credit Counseling. .

In most cases, you must own your vehicle to be eligible for an auto title loan. The term “car” may appear in the name of the product, but these loans may also be available for motorcycles, boats and recreational vehicles.

While some lenders will offer loans if a car is still in repayment, most require the owner to hold title without any debt related to the vehicle. Consumers can typically borrow between 25 and 50 percent of the value of the car.

How does securities lending work?

Car title loans come in many forms. Some are lump sum loans, which means the borrower has to pay the full loan amount plus interest charges within a month or so. Installment loans, with similarly high APRs, can be repaid over three or six months, depending on the lender.

When applying for a car title loan, be prepared to show the lender clear title, proof of insurance, and photo ID. Some lenders ask for a second set of keys.

While securing a title loan can be easy, the convenience comes with significant costs and risks, according to Graciela Aponte-Diaz, director of federal campaigns at the Center for Responsible Lending.

“Some auto title lenders install a GPS device – dubbed a ‘kill switch’ – that can prevent the borrower’s car from starting, using this practice as a way to collect debt or facilitate foreclosure of the car,” explains Aponte-Diaz. . “In addition to being (the) primary form of transportation to work, to the doctor and elsewhere, a car is often a person’s biggest financial asset. The looming threat of losing your car is anxiety-provoking, to put it mildly.

Disadvantages of Securities Lending

The main disadvantages of title loans are a short repayment period, very high interest rates, and the potential loss of your car if you default on your payment.

“These are generally short-term loans with very tight repayment cycles,” says McClary. “If you can’t pay the loan back when it falls due, it gets carried over to another cycle with more fees. This creates a very difficult situation for people who are already struggling to repay. This is the exact definition of the debt cycle.

In addition to tight repayment terms, auto title loans have extremely high interest rates. Lenders often charge 25% each month in finance fees. On a $ 2,000 loan, you will pay an additional $ 500 in interest if the loan is paid off in 30 days. If you are behind on your payment and those interest charges add up, the loan can end up costing much more than the original sticker price.

Perhaps the biggest downside is losing your car. If you can’t pay it back, the lender can take your vehicle back. In 2016, a study by the Consumer Financial Protection Bureau found that 20 percent of those who take out title loans have their vehicles foreclosed.

Alternatives to securities lending

With such drawbacks, McClary recommends reaching out to traditional banks and credit unions to explore other, less expensive lending options.

“A lot of people might avoid traditional lenders because of assumptions about their credit,” he says. “It’s the most dangerous thing you can do. You are depriving yourself of money that you could potentially save.

Even if you don’t have a bank account, have a lower credit rating, or have struggled with bad financial decisions in the past, it’s worth investigating all of your loan alternatives. “It’s interesting how flexible these traditional lenders can be,” says McClary. “There are a lot of credit unions that are willing to work with unbanked customers. “

McClary says he rarely advises increasing credit card debt, but stresses it’s a better option than a title loan. “If you have unused credit on a credit card, you can count on it to cover your costs,” he says. “In most cases, the interest rate on your credit card will be much lower than what you get on a car title loan. And this route prevents you from potentially losing your vehicle.

At the end of the line

If you decide that a car title loan is your only option, make sure you understand the terms of the loan. Securities lenders are required to show them to you in writing before signing, and federal law requires them to be honest and upfront about the total cost of the loan. And remember, these costs are probably not worth the risk.

Car title loans often lead people to get into debt and lose their cars,” says Aponte-Diaz. “Car title lenders often make people worse off than they were before they took out the loan.”

Ather electric scooter price will be 15,000 rupees lower in Delhi


Ather Energy sells 450 and 450X scooters in Bangalore and Chennai – They will be launched in many other cities including Delhi this year

Ather 450X launched in January 2020. In fact, sales for that month were the brand’s highest for the year so far, breaking the 800-unit mark. While sales resumed in May 2020 after a partial foreclosure in March and a full foreclosure in April, sales in May were weak. MoM sales for June and July are about to pick up. July 2020 sales were reported at less than 200 units.

To boost sales, Ather will launch its electric scooter in many new cities, including Delhi. Now, with a clear overview of Delhi EV policy, Ather’s intention to start operations in Delhi is getting a boost. Essentially, the benefits offered by the state will reduce the purchase price on the road.

“Ather will begin deliveries of our flagship Ather 450X scooter in the coming weeks in Delhi. State policy is effectively reducing the on-road cost of our scooters by almost Rs 15,000. We look forward to being in the nation’s capital very soon, ”said Tarun Mehta, CEO of Ather Energy.

Delhi EV Policy 2020

While Delhi sees a large number of electric three-rickshaws in daily service, especially when it comes to last mile connectivity, the adaptation of electric vehicles to personal mobility vehicles has been lackluster. Essentially, Delhi’s electric vehicle policy seeks to incentivize purchases through subsidies and waivers, reduce pollution, and develop infrastructure and activities around strengthening the adaptation of electric vehicles to generate revenue. jobs. Road tax and registration fees are waived.

Electric scooter Ather 450X

The Delhi government has developed a time-bound and targeted electric vehicle policy. Above all, it is designed to stimulate buying incentives. The state offered an additional subsidy to make electric vehicles more accessible. The policy describes the development of the charging infrastructure, the types of electric vehicles transported, as well as the consideration of the policy for the disposal of old ECE vehicles. There is not yet a set amount for what the payment will be for an old ICE vehicle and whether or not this will be beneficial for all future vehicle purchases, or for EVs alone.

As it stands, the financial incentives for electric two-wheelers, electric rickshaws and electric freight vehicles will amount to Rs 30,000. The benefit is Rs 1,50,000. for electric cars. The incentives offered through the Delhi EV policy will be applicable in addition to the incentives for electric vehicles under central government.

The Delhi EV policy in its current form is designed for an initial period of three years. Progress will be monitored through regular reviews. A state fund for electric vehicles (EVs) will cover policy-related expenses. An electric vehicle board chaired by the state transport minister will oversee the implementation of the policy. The policy describes the sale of a total of 5 lakh of new electric vehicles over a period of 5 years.

The development of infrastructures provides for the installation of 200 charging stations per year, with an electric charging station every 3 kms. While it is too early to predict the success of the policy, on paper the now progressive policy is expected to benefit a wide range of potential electric vehicle users. Delhi EV policy does not benefit lithium battery electric scooters with speeds up to 25 km / h.


Griffith, Zwick: Triple-digit interest rate securities lending more dangerous during COVID-19 pandemic

By Kelly Griffith and Cynthia Zwick

As working Arizona families struggle to maintain jobs and reliable sources of income in a historically dire economy, the last thing they need is a predatory debt trap making matters worse.

A securities lender recently claimed his business was essential: charging triple-digit interest on loans that trap people in debt at the risk of losing the vehicles they depend on. It is an insult to families who are most exposed to the health impact of COVID-19 as well as financial devastation.

Arizona voters sent a clear message in 2008 that payday lenders were unwelcome to continue charging vulnerable consumers outrageous interest rates of up to 391%. Voters rejected a payday industry-sponsored voting measure by a 3 to 2 margin, which ultimately led the state to cap payday loan interest rates at 36%.

And a recent poll indicates that Arizona voters, regardless of their political party, strongly oppose these predatory practices. Seventy percent of Arizona voters support a 36% interest rate cap. Eight in 10 Americans (81%) support a ban on all high interest loans during the coronavirus crisis, with more than half (56%) doing so strongly.

Even though the recent increase in COVID-19 cases demonstrates that the virus knows no bounds on who it affects, it has become evident that this virus has a disproportionate impact on communities of color. The same goes for predatory loans. In states where payday loans are legal, stores are heavily concentrated in black and Latino communities, stripping precious wealth from places that are already in trouble.

Auto title lending stores follow the same pattern. A 2018 car title lending location mapping by Tucson’s Center for Economic Integrity found that high-cost lenders are much more likely to be located in low-income neighborhoods of color. In Arizona alone, these predatory lenders drain $ 255 million a year from our most vulnerable neighbors.

In the event of a pandemic, defending this legalized usurious loan exposes people of color to economic catastrophe on top of the worst health problems they already face.

As a society, we have a responsibility to be aware of how devastating securities lending can be for the individuals, families and communities of color who are most often the targets of unscrupulous lenders. Aside from television commercials and billboards, a small, triple-digit interest rate loan does not offer relief from financial hardship. These types of loans take a precarious financial situation and turn it into an absolute disaster.

Auto title lenders continue to file collection cases against their borrowers despite the emergency declared by Governor Ducey on March 11. In a single day last week (July 15), Checkmate Express filed 15 new cases against borrowers in the Maricopa County Court of Justice, indicating that these loans are unaffordable and borrowers are in trouble. The effects of small, high-cost loans are creating additional damage and widening health and wealth gaps, especially now in times of a pandemic.

Securities loans are predatory and designed in such a way that the borrower is trapped in a never-ending cycle of debt. The Consumer Financial Protection Bureau has found that one in five borrowers have repossessed their vehicles and that two-thirds of lender volume comes from borrowers stranded in seven or more loans.

The majority of securities lending companies in Arizona are regional or national chains, not family businesses. At least 18 approved securities lenders are headquartered outside of Arizona, representing 25% of businesses and 59% of approved sites offering loans in Arizona.

There are at least six licensed companies out of state that offer loans online without providing physical locations in Arizona, with the entire transaction handled electronically. In some cases, consumers apply for loans online, submit documents, and then take out loans with local agents.

Now more than ever, consumers need to be protected from these largely out-of-state financial predators, so that legitimate small lenders who meet Arizona’s 36% APR small consumer loan limit or less can arise in a fair and equitable market. .

Individuals and families do not need to access predatory products. What we need is for the state to deal with the issue of unemployment insurance, access to food, medical care, broadband, telehealth and other issues. urgent economic issues. And we need to strengthen consumer protections to guard against exploitation, including repealing the legal exclusion that allows triple-digit interest rate car title loans. This is the role of government during a crisis.

Arizonans are resourceful, resilient, and able to navigate just about anything. Loan programs that prey on people when they are most vulnerable on the pretext of being useful during a pandemic is a bit like a wolf parading in sheep’s clothing. Only those who profit from it agree with the trick. The rest of Arizona voters see it for what it is — wear and tear.

Editor’s Note: Kelly Griffith is the Executive Director of the Arizona Center for Economic Integrity and Cynthia Zwick is the Executive Director of Wildfire.

Why are car title loans a great choice? | Paid content | Detroit

If you are trying to borrow money for any reason, one thing you need to do is think about the different loan options that are available. There are many different options for those looking to take out a loan, but not all options will necessarily be available to you. It’s important to make sure you know what loans you qualify for before you start applying, as this will save you time and avoid refusals from lenders.

When you have damaged credit or are on a low income, you may find that you are much more limited in terms of the loans you can access. Some lenders will automatically turn you down based on your circumstances, which can put you in financial trouble. One solution you may be able to consider, however, is a car title loan. These loans are designed for those who own a vehicle registered to them, and they can be taken out without the need for credit checks. Additionally, you can ask car title loan onlinewhich facilitates their access.

Some Major Benefits of Title Loans

If you want a simple and convenient loan solution, title loans could be the ideal solution for you. There are many reasons why these loans are a great choice, including:

They offer quick access to money

One thing to keep in mind about these loans is that they provide quick and convenient access to cash. This means you can get the money you need with ease and convenience without having to wait for decisions to be made or money to be paid into your account. Instead, you can expect to receive the money as quickly as the same day you request it.

Your bad credit won’t matter

Another of the main advantages is that your bad credit will not create any problem because these loans are not based on your credit history or credit score. Instead, they’re based on the value of your vehicle, and because you’re securing the loan against the car’s title, you’re putting up some form of collateral. This way, you present a lot less risk to the lender, which means you’re much more likely to get the loan you need.

Everything can be done online

If you are looking for ease and convenience, you will be delighted with car title loans. This is because the entire process can be completed and processed online, so you can do it all from the comfort and privacy of your own home. You don’t need to exit to complete the process and your vehicle can be appraised online too. It saves you a lot of time as well as unnecessary hassle.

You can keep your vehicle in hand

Some people fear that they will have to give up their vehicle when they take out this type of loan, but this is not the case. In effect, you keep your vehicle and continue to drive it as you normally would when you take out a title loan. Of course, you must meet the loan repayments as scheduled, but your vehicle will stay with you, so you don’t have to worry about being left without transportation.

Here are some of the many benefits you can expect from a car title loans. This is why these loans have become such a good choice and why they are such a popular solution with vehicle owners.

Dockless scooter, bike companies get 3-month reprieve from tougher regulations in LA – Daily News

Los Angeles’ cavalcade of dockless scooters and bikes will avoid tougher requirements, including new fees and a requirement for locks, at least until the end of the year, while the Los Angeles Department of Transportation irons out several key regulations for the infant industry.

The Los Angeles City Council’s transportation committee technically approved a set of regulations proposed by the LADOT this week, but it delayed the rollout until Dec. 31 and sent the tougher rules back to the drawing board in-between. time.

Now, the same companies that opposed the proposal are optimistic that the extra time will allow them to negotiate common ground. In a statement, Lyft praised the board members’ delay.

“While we were disappointed that LADOT’s plan did not address many of our concerns and feedback, we look forward to working with the LADOT Board and staff over the next three months,” Lyft said in a statement.

Phuong Bui, head of government partnerships for Spin, said the company supports the city’s goal of “penalizing bad actors and incentivizing good partners” and called it a step in the right direction.

Uneven distribution in neighborhoods

LADOT initially took a softer approach to regulation in the first year of its “micro-mobility” pilot program, but too few companies took advantage of the incentives to roll out in low-income neighborhoods and instead oversaturated the streets of Venice, Hollywood and downtown. . Residents have complained of scooters left haphazardly on sidewalks, thrown into trees and abandoned on private property. Some neighborhoods have never seen the vehicles.

“There really wasn’t a deep shared commitment to achieving these equity outcomes,” Seleta Reynolds, LADOT’s chief executive, said at Wednesday’s committee meeting. The city offered a “carrot basket” but found that without harsh penalties, companies chose to ignore large swaths of the city, she said.

Nearly a quarter of runners in the pilot program earned $100,000 or more a year, according to a one-year review. The review also found that only 2% of all trips started or ended in the San Fernando Valley. According to the report, response times to service requests – 90% of which were related to improperly parked vehicles – were nearly four hours longer in the Valley than averages elsewhere.

Punishment led to compliance

But the department’s new regulations in response to the program’s first year relied too much on penalties, at least according to providers. Fines for non-compliance with the proposed regulations can reach $100,000 under the proposed rules.

Three particular areas have been targeted by companies as potentially damaging to the industry. First, requiring vehicles to be retrofitted to lock on any bike rack within the next six months would cost businesses ‘millions’, they said, despite the city lacking the necessary infrastructure in place before the deadline. LADOT said the requirement was staggered for a reason, so companies could prepare for the inevitable change in advance.

Getting runners to properly comply with this requirement would likely present an additional challenge. While 82% of commuters knew not to ride on the sidewalk, a third still preferred to do just that, according to the city’s one-year tally. About 85% of all citations related to the program in March 2020 were for driving on the sidewalk. At the same time, less than half of the vehicles audited during the review period were parked correctly

The controversial second rule would have established a “per trip” permit fee that charged operators nothing to deploy in the most economically disadvantaged neighborhoods and up to 40 cents per trip in popular destinations. Company representatives praised the per-ride charges, but felt the levels were too confusing and the charges were too high. Some have instead asked for a flat rate of 10 to 20 cents down the line. Previously, the city charged $39 to $130 up front per vehicle depending on its deployment location.

Third, companies objected to a hard cap that limited passenger costs to $1.25 to $1.75 in areas with low incomes and poor transportation. Micro-mobility companies have argued that they do not receive the heavy subsidies given to other, more traditional transport services and would have to operate at a loss in these areas.

“We believe that the current proposal, as it stands, creates an unfavorable policy environment that significantly reduces the sustainability of operators in the market,” Bird, Lyft, Lime and Wheels companies said in a joint letter before the meeting. They alleged that they had been left out of the rule-making process and requested a six-month extension of the existing rules.

They got a little over half of that instead. The transport committee asked the LADOT to examine the lockout requirement for other possible alternatives – such as anti-tip technology – and fare caps to determine whether the requirement to enroll a certain number of people in a discounted goodwill program may be more effective in achieving departmental equity goals.

“Equity Zones”

The committee also pushed LADOT to come back with clearer boundaries in its “equity zones,” the disadvantaged areas where lower fees and rates would come into effect under the proposal. Currently, the zones include areas such as protected wetlands, where an increase in ridership is not required.

Sam Sadle, government relations manager for Lime in North America, said he’s optimistic that his company and the other suppliers can work with the city over the next few months to create a framework that meets everyone’s goals. He acknowledged that the industry could have done a better job of providing services in communities that are sorely lacking in transportation options.

Lime offers a 70% discount on memberships for low-income people, and other companies, such as Spin, offer similar discounts. However, in its first-year review, LADOT found that programs like this were largely unknown to qualified people.

“It’s a new industry,” Sadle said. “I think we have learned a lot and still have a lot to learn. It is up to us to do a better job and we are committed to doing so.

Piaggio India announces festive offers for Aprilia and Vespa scooter range



develop See the pictures

Ganesh Chaturthi offer is available in select states including Maharashtra, Gujarat, Rajasthan and MP

Piaggio India has rolled out festive offers for the celebration of Ganesh Chaturthi for its range of Aprilia and Vespa scooters. Festive offerings are available in some states, however, including Maharashtra, Gujarat, Madhya Pradesh, and Rajasthan. As part of the special offer, customers will have the chance to win up to 20,000 in cashback with the purchase of the Vespa SXL and VXL 125 and 150 models, as well as the Aprilia SR 160, SR 125 and Storm 125 scooters The offer, however, is only available at Company dealers in certain states and will not apply to customers who book scooters online.

Read also: 2020 Aprilia Storm 125 Front Disc Brake and Vespa VXL, SXL Facelifts launched in India

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The updated BS6 compliant Vespa 2020 range was introduced earlier this year with updated engines and LED headlights with DRL

Ganesh Chaturthi kicks off the holiday season in India, which is considered to be one of the best times to buy a vehicle. The offer is only available this month and ends August 31, 2020. With this announcement, Piaggio becomes the first two-wheeler to announce offers for the holiday season and will help dealers recover. losses accumulated in recent months. Meanwhile, to those who choose to buy the scooters online, Piaggio is already offering 2000 benefits across its range.

Aprilia and Vespa scooters conforming to the BS6 standard were introduced in India last month. The 2020 Vespa VXL and SXL 125 and 150 BS6 come with a new LED headlight with integrated DRL, a USB mobile charging port and starter light. The retro Italian style has been carried over to the models making it a distinctive buy in the segment. The Vespa range starts at ₹ 1.10 lakh (ex-showroom, Pune).

Read also: Aprilia SXR 160 maxi-scooter unveiled at 2020 auto show

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The 2020 Aprilia Storm 125 with front disc brake and digital instrument console was announced last month

On the other hand, the Aprilia Storm 125 is the latest addition to the lineup and has been upgraded with a front disc brake and digital instrument console, and is priced at 91,321. This is the drum brake version, although it is the most affordable offering here priced at 85,431. The Aprilia SR 160 is the most expensive of the range at ₹ 1.12 lakh (all prices, ex-Pune showroom). The SR 160 also gets a larger 160cc BS6-compliant engine that produces 10.8hp and 11.6Nm of maximum torque.

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Piaggio India will soon add the Aprilia SXR 160 maxi-scooter to its range. The model was unveiled at Auto Expo 2020 in February and was initially scheduled to go on sale in the third quarter of the calendar year. However, with the COVID-19 crisis, the launch could be postponed for a few weeks. The manufacturer has yet to announce a change in the launch schedule for the next model. carandbike has contacted Piaggio for more details and will update this space as we receive a response.

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Ampere Magnus Pro electric scooter price Rs 50k on road


Industry’s first battery subscription plan launched by Ampere electric scooter in India

It was only recently that Hero Electric announced its association with Autovert for the introduction of subscription plans. Today, Ampere Electric Launches announces a battery subscription plan at a starting price of Rs 1,990 in partnership with Autovert Technologies.

The collaboration offers a battery subscription plan through a platform supported by IOT. The plan makes electric scooters even more affordable. In its start-up phase, the plan is presented with selected dealers in Bangalore and will be available in other cities in the next phase of expansion.

Advantages

A proposed battery subscription plan reduces the cost of acquiring the vehicle while being an alternative choice for buyers to get more than one finance option. Customers can choose Magnus Pro electric scooter for the least amount of money Rs. 49,990 on the road when selecting a monthly battery subscription of Rs. 1,990. For those who do not want to opt for the subscription plan, will have to ex-showroom price Rs. 73,990.

Magnus Pro specifications

Plan helps manage battery life cycle as well as benefits including 5 year extended warranty, full vehicle insurance, 24 month full vehicle service and maintenance, attractive upgrade options , replacement battery discounts, etc.

Full vehicle subscription plans are available for the Magnus Pro and Zeal models, from Rs. 2,777 per month. With now and various subscription finance plans, the Ampere electric scooter buying process is designed to be accessible to interested buyers. Ease of ownership makes it easy to upgrade to another Ampere scooter after the fixed subscription term has ended.

Electric thrust

The rough guideline is to see 30% of car sales covered by electric mobility by 2030. To achieve the goal, the need is not only to introduce updated electric vehicles, but to ensure a accessible funding that promotes faster adoption of electric vehicles in the country. Ampere electric scooters are sold in 220 licensed showrooms in India. with a value proposition of 90 percent savings over conventional scooters. The automaker claims that every Ampere electric scooter sold is equivalent to plant 12 trees.

Although the purchase of mainstream two-wheelers is not as dependent on financing as the purchase of large tickets, the introduction of easy EMI offers and subscription plans helps ease the financial burden to a great extent. . The easy upgrade options make these purchases akin to durable gadget purchases for consumers.

P Sanjeev, COO, Ampere Vehicles said, “We are pleased to partner with Autovert Technologies to present this unique battery subscription plan. With this association with special Ampere Freedom offers, we aim to make Ampere vehicles more affordable and accessible to the consumer.

Speaking on this announcement, Vinay Sharma, Co-founder and CTO from Autovert said. “The Battery subscription is possible, given the modular nature of the EV, which lends itself to decoupling the battery from the vehicle and the specific services offered around its life cycle. The EV ecosystem demands an alternative ownership model to drive faster adoption among an emerging customer base and we are happy to be at the forefront of this with our products and partners like Ampere to bring it to market.