Team-BHP - View Single Post - ARTICLE: How to get the lowest EMI & the best Finance Deal

supremeBaleno · 1st November 2006, 11:32

Another nice article for the tbhp-Advice section, GTO.

A couple of questions for all the finance experts.
1) What exactly is a finance discount ?

2) Interest rates today seem to have more than doubled than they were 1.5 years ago. The finance deal that I got for my Baleno was an EMI of 17440 on a 4lakh loan for 2 years.

Today when I checked the rates for my Dad who is planning to get a Swift, the EMI quoted by the same company (GE) was 18680, which means I will end up paying 150% more in interest.

Have interest rates gone up so high as the sales guy would have me believe ?

1st November 2006, 11:32	#10 (permalink)
supremeBaleno Senior - BHPian Join Date: Dec 2005 Location: Weekdays at DetroitOfIndia (Chennai) & Weekends at VeniceOfTheEast (Alappuzha). Posts: 1,877	Another nice article for the tbhp-Advice section, GTO. A couple of questions for all the finance experts. 1) What exactly is a finance discount ? 2) Interest rates today seem to have more than doubled than they were 1.5 years ago. The finance deal that I got for my Baleno was an EMI of 17440 on a 4lakh loan for 2 years. Today when I checked the rates for my Dad who is planning to get a Swift, the EMI quoted by the same company (GE) was 18680, which means I will end up paying 150% more in interest. Have interest rates gone up so high as the sales guy would have me believe ? __________________ A bad worker blames his tools. Bad drivers blame the car's rattles for bad performance on track. :-) Last edited by supremeBaleno : 1st November 2006 at 11:34.