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dr fate · 14th October 2006, 01:21

considering the depreciation factor arises at the time of sale of the vehicle,have you seen a amortization schedule given on forclosure of a loan?

point is going but the current trend and boom in the automobile sector manufacturers are changing bits and pieces regularly and release it in the market insisting that its 'ALL NEW'and sometimes(often!!!)cuting the prices,this often sends buyers typically who sell thier cars say once in 2-3 years in a tizzy,more often the new & 'improved' products come at the same price tag,so owners armed with 'if i sell now i wil get atleast an x amount if i stretch my decision i will sink' logic which is often sold(logic)by the friendly salesman or second hand dealer or 'friends'

point one-he goes for a foreclosure,summons a amortization schedule which reads your principal outstandings+forclosure charges which has gone from 3% 3 years ago to a shocking 5% now!!!ample proof of bankers analyzation to the trend apart from the raising rate of intrest to the amount,

also add 20.50ps(per lakh,may vary)per day from the recipt of the schedule which will take 4-5 day's to reach you till payment.

also what sideways said,market(second hand)has become choosy as more often the owners will be in a hurry to finalise a deal the punch line is 'your accessory expense is your funerel'BUT will look for a maximum accessorised car!!

market and company books my friends are no longer the sole ways of depreciation,banks and car manufacturers are also playing an active role.

14th October 2006, 01:21	#15 (permalink)
dr fate BHPian Join Date: Oct 2006 Location: bangalore Posts: 82	considering the depreciation factor arises at the time of sale of the vehicle,have you seen a amortization schedule given on forclosure of a loan? point is going but the current trend and boom in the automobile sector manufacturers are changing bits and pieces regularly and release it in the market insisting that its 'ALL NEW'and sometimes(often!!!)cuting the prices,this often sends buyers typically who sell thier cars say once in 2-3 years in a tizzy,more often the new & 'improved' products come at the same price tag,so owners armed with 'if i sell now i wil get atleast an x amount if i stretch my decision i will sink' logic which is often sold(logic)by the friendly salesman or second hand dealer or 'friends' point one-he goes for a foreclosure,summons a amortization schedule which reads your principal outstandings+forclosure charges which has gone from 3% 3 years ago to a shocking 5% now!!!ample proof of bankers analyzation to the trend apart from the raising rate of intrest to the amount, also add 20.50ps(per lakh,may vary)per day from the recipt of the schedule which will take 4-5 day's to reach you till payment. also what sideways said,market(second hand)has become choosy as more often the owners will be in a hurry to finalise a deal the punch line is 'your accessory expense is your funerel'BUT will look for a maximum accessorised car!! market and company books my friends are no longer the sole ways of depreciation,banks and car manufacturers are also playing an active role.