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ramki067 · 8th January 2007, 11:03

Hi all,
I had been to RNS motors(Yeswantpur,Bangalore) yesterday and as i was opting for a finance deal for the WagonR Vxi model, i asked for on-road funding. Maruti guys finance with Citibank to which i'm a member and even so these Maurti dealer sales rep. quoted a staggering 11.5 interest!!!

whereas SBI quotes 9% interest. When asked about it they said that service charges from SBI will come to the same 11.5% itself and also as service charges sales rep. quoted Rs. 650 as service charge(only once paying). Is it true that SBI quotes are including those service charges and will come up to 11.5% interest??? I got the quote as below for a 5 yr period:

On-road cost of the vehicle: 4.29 lakh.
Total Discount: Rs. 17,863( Free insurance+ 4k discount)
Down payment: 1.03 lakh.
EMI : Rs. 6800/-

As this is my first car and not much ideas on insurance and stuff, which would be more economical for me? To go for Maruti finance or say any other finance?? Plz excuse my innocency!!!

Regards,
Kiran.

8th January 2007, 11:03	#1 (permalink)
ramki067 BHPian Join Date: Sep 2006 Location: BANGALORE Posts: 342	Auto Finance for WagonR Vxi??? Hi all, I had been to RNS motors(Yeswantpur,Bangalore) yesterday and as i was opting for a finance deal for the WagonR Vxi model, i asked for on-road funding. Maruti guys finance with Citibank to which i'm a member and even so these Maurti dealer sales rep. quoted a staggering 11.5 interest!!! whereas SBI quotes 9% interest. When asked about it they said that service charges from SBI will come to the same 11.5% itself and also as service charges sales rep. quoted Rs. 650 as service charge(only once paying). Is it true that SBI quotes are including those service charges and will come up to 11.5% interest??? I got the quote as below for a 5 yr period: On-road cost of the vehicle: 4.29 lakh. Total Discount: Rs. 17,863( Free insurance+ 4k discount) Down payment: 1.03 lakh. EMI : Rs. 6800/- As this is my first car and not much ideas on insurance and stuff, which would be more economical for me? To go for Maruti finance or say any other finance?? Plz excuse my innocency!!! Regards, Kiran.