Usually finance company personale are allowed to reduce the interest rate by 1% with any approval from the company. Also the rate are mentioned accordingly, they know at least 50% of the customers will bargain, so usually the rate which are mentioned are on higher side... people who do not bargain are the once the company earns on...Chola is a great company I have been doing business with the for past 8 years for my commercial vehicles and I have never faced any problems...
Plus did he tell you the scheme, if you have to pay a installment in advance than you end up paying the same interest as you have payed a whole installment in advance and that is taken up as interest, and no basic amount is reduced... so do the calculation... |