Car finance - Team-BHP

vipulG · 28th October 2004, 05:38

Hi friends,

This is my first post on this forum. Finally I have made up my mind and decided to go in for a mid size car with a maximum set limit of Rs 600K. Some 300K are ready with me and rest would be through Car Finance.

I would like to know from fellow TeamBhpians regarding current car interest rates, finance charges etc. I would highly appreciate suggestions, recommendations and negotiation tips.

By the way, I am from Mumbai and thinking of driving a ‘Josh’ machine by Jan 2005.

Vipul Gandhi

SLK · 28th October 2004, 16:52

It depends, bank to bank.

Best option is to go with the dealer's financer. Why?
B'coz they offer discounts on finance deals.

hemant · 4th November 2004, 18:52

hi

nowadays the finance companies are offerring a options of delaying the start of EMI's but keep in mind they take the balance discounted EMI's in form of down payment. so whatever u pay as down payment includes the interest component also.

so keep this in mind while taking finance.

28th October 2004, 16:52	#2 (permalink)
SLK BHPian Join Date: Feb 2004 Location: New Delhi Posts: 730 View My Garage	It depends, bank to bank. Best option is to go with the dealer's financer. Why? B'coz they offer discounts on finance deals. __________________ Č╠╣€€Я$ $£Қ

4th November 2004, 18:52	#3 (permalink)
hemant Newbie Join Date: Oct 2004 Location: navi mumbai Posts: 7	hi nowadays the finance companies are offerring a options of delaying the start of EMI's but keep in mind they take the balance discounted EMI's in form of down payment. so whatever u pay as down payment includes the interest component also. so keep this in mind while taking finance. __________________ if i do something right, nobody will remember me, but if i do something wrong, nobody will forget me :D

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28th October 2004, 05:38	#1 (permalink)
vipulG BHPian Join Date: Oct 2004 Location: Surat Posts: 32	Hi friends, This is my first post on this forum. Finally I have made up my mind and decided to go in for a mid size car with a maximum set limit of Rs 600K. Some 300K are ready with me and rest would be through Car Finance. I would like to know from fellow TeamBhpians regarding current car interest rates, finance charges etc. I would highly appreciate suggestions, recommendations and negotiation tips. By the way, I am from Mumbai and thinking of driving a ‘Josh’ machine by Jan 2005. Vipul Gandhi