Have a query that I'd like to run past the community here.
If I take a car loan, and book the car by paying 10k as booking, then by what date do I need to give the remaining down payment amount and tell the bank to release the loan amount?
Any pointers will be greatly appreciated! Thanks & cheers!
Anytime before the registration is fine but varies from one dealer to another. It also depends on your convenience. They'l be happy to receive some more amount from you before the D-Day but for smaller cars, they won't make much of a fuss. BTW, the registration will/ can be done only after full payment (loan DD or your own finance). So get the PDI,etc done and then if you're totally satisfied, ask the bank to release the payment before the registration.
Gurus, if there's any mistake, kindly do correct me.
Just got all this cleared while i just booked my Nano GenX
All the best.
Last edited by freakmuzik : 6th June 2015 at 16:05.
The following BHPian Thanks freakmuzik for this useful post:
Variant: LTZ AT
Booking Date : 2-06-2015
Color: Sanddrift Grey
Expected Delivery Date : June 3rd week
Accessories Planned: Maybe a refrigerator that is part of the accessories list.
Price: 19,08,000/- On Road
Booking Amount: 15000/-
Dealership: Kun Chevrolet, Hyderabad
Freebies: Floor Mats, Mud flaps, Teflon Coating
Discount: 70,000/- + 5000 worth accessories in addition to freebies.
Plus also availing 50% NCB to reduce insurance cost from 55,000 as quoted to 23,000 for 0 dep policy.
Make : Jeep
Model : Wrangler Unlimited
Variant : Sport
Booking Date : 25-May-2015
Color : White
Expected Delivery Date : 11-June-2015
Price: OMR 13,700 Ex showroom (1 OMR = 2.58 USD)
Booking Amount: OMR 100
Dealer & City : Dhofar Automotive, Muscat, Sultanate of Oman
Freebies : A standard gift pack from manufacturer
Others : Free registration, 5 years / 100 K kms warranty, 1 year AAA roadside assistance, 30 K kms service pack
Have got the financing sorted out, now eagerly await delivery.
The following BHPian Thanks nshankar for this useful post:
Booked a Tata Zest for parents in Kerala after considering the Amaze and Xcent (details in the thread comparing these three).
Variant: XT RT
Booking Date : 23-05-2015
Color: Sky Grey
Expected Delivery Date : June 18
Accessories Planned: Car is pretty well equipped, but since we didn't like the 18 spoke alloys, have asked for an exchange with the 8 spoke ones.
Price: 6,58,000/- On Road
Booking Amount: 25000/-
Dealership: MK Motors
Freebies: Didn't ask for anything, to be honest.
Discount: 15,000 + 7000 (Exchange + Insurance Discount on 0 Dep)
Congrats the Zest is a really good car, especially the ride and build quality(the doors). Recently I saw a Bolt and Zest wearing a subtle body kit when I had gone to check out the Nano GenX AMT. I must say the body kit especially the front bumper lip spoiler gives both these cars a handsome and menacing stance, looked really cool.
The following BHPian Thanks Shanksta for this useful post:
I must say the body kit especially the front bumper lip spoiler gives both these cars a handsome and menacing stance, looked really cool.
Yup, I believe that is an official accessory package. I liked it, but we didn't go for it because the car is for my parents, and the approach to their house is quite steep making it certain to scrape on approach/departure.
Ride is the main reason for selecting the Zest, along with the price. We were willing to stretch a bit, but the ride (not handling, though that isn't too bad, mind) is incomparable in that segment and maybe above it too.
The following BHPian Thanks VeluM for this useful post: