Hello All:
Can you please advise if this is accurate information.
I met the finance guy at Hyundai showroom today. They offered me this deal.
Advance EMI Scheme at 10.250% for 5 Years (59 Months)
On Road Price = 8,26,773
Loan = 5,40,000
Balance= 2,86,773
EMI = 11,448*59
Stamp Duty = 4,520
Down Payment = 3,02,741 (Balance + 1 Advance EMI + Stamp Duty)
Is his calculation correct? Am I overpaying or being duped. Please advise.