I am owning a Maruthi Alto-2009 LXI model taken on loan for 48 months, now want to exchange with bigger car -Maruthi swift or Wagon R.
Please guide me whether Maruthi dealer will close my existing loan and offer fresh loan for the new car and I am ready to pay the foreclosure charges imposed by the bank. Car is in excellent condition as certified by True value, hence please advice on the procedure involved. As my family is expanding we need bigger car and my budget is 4 Lacs (On road price).
Also will Hyundia or Chevrolet will accept for buy back.
Looking forward to your valuable comments
Cheers,
Vijay