Tips Tips for buying a vehicle with EMI
Hi Friends i’m again! here i’m giving some ideas how to buy a New bike.
Step:1
Try to get say one 5 quotations from various dealers,
then Analyze which is suitable for you.
Try to get some quotation from Direct Bank - like HDFC, ICICI etc.,
Step:2
Take all the Quotations put all together in Excel sheet format.
Make New format like
Sl.No, Dealer Name, cost of the Vehicle, Life Tax, Road Tax, Insurance for Years, Discounts, Special Offers if any, Down Payment, No of Emi, Interest Rates, Total to be Paid( Down payment+EMI*no.of months))= Payable Amount.
take u r quotation fill out the format. and work it out the following;
a.See the Insurance they offer whether 1yr or 2yr free
b.See the Discounts,
c. See the Offers,
d. See the Down payment(that is very important)
e. See the Rate of Interest & EMI Months
Step:3
Put All together make one total Leave the Discount or Offer columns
first u have to See the Down payment+ Rate of Interest & EMI
if Down payment Low they will collect surely a big amount from You.
if they will give offer take vehicle+ Insurance for 2 yrs or 1yrs check out the Down payment & Rate of Interest b’coz they will collect from us only.
if they will give offer take vehicle+ 1 gm Gold coin+ insurance 1yr free check out the Same.
Step:4
Before u r going to talk with them take the followings & fix how much u r going to Spend for u r New Vehicle
a, all quotations, b.Excel sheet printout, c.fix the amount to buy
Finally if u satisfied select 3 dealers or Banks go directly sit with them before u going Take all quotations & Excel sheet printout.
Sit with them talk about scheme, Interest & offers then Down payment+EMI
tell them correctly if i’m satisfied i’m going to take other Brand or Other Dealer or Other Bank.(surely they won’t leave u) and show them the excel sheet’See that dealer is giving more and more then See that bank is giving that much interest rate’ if ur saying & bargain surely u can get good vehicle and also cost of the Vehicle.
why i’m saying no i’ve done this only when I bought my Bajaj Discover(jan’2005)
i’ve collected 10 quotations & talked with 4dealers & 2 banks(HDFC & ICICI -Direct Link not with Dealer) In showroom+bank is different
Please visit nearest Bank branch.
Finally i’ve saved Rs.3500 /-
I bought through HDFC bank only. when I bought my vehicle the following gift for my vehicle a.free Helmet(Wrangler - original),
b. Teflon Coating, c.Vehicle Cover d.Rate of interest from 9% to 6% e. insurance 1yr
From Bank( i’ve got one Mixie)(Customer offer)
So, you people dont waste your money. it’s our blood. So, think twice take decision One. That’s good.
Please write if anything wrong: remohan@yahoo.com
Please write if it’s Good: remohan@yahoo.com
Bye,
SM.Krizna