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Originally Posted by wolfinstein does it include the discount on financing or are they returning discount to you, after eating the intrest of the amount over the promised return period...Bhai..Nothing..well almost nothing is Intrest Free..Either they make money on the value of the car or they charge you in some other way...But Absolutely Never Free..! |
Hey, I agree nothing is free but its pretty close to being free if you compare it with a regular loan . And thats the reason I posted ..maybe others have experienced something like this . As for the 5% of loan amount as discount -- well that amount is not available to us but thats only 20K in my example .
Just trying to figure this scenario out .;... coz even a second hand car looks very tempting with this scheme .
Cheers
PS -- I forgot to mention one thing ... if your cheque bounces on even one payment in those 3 yrs u lose the eligibility for the refund !! Its a very strange scenario ....