If your finance not permit to purchase a branch new car but your income permit you to spare Rs.590,000 per annual and can contribute upto Rs.1,000,000 for car financing. Consider if the invoice value of vehicle is for Rs.3,600,000 and present interest rates equal to 13.5%. Develop FIVE option that meet your financial limits and select the option that may be most favorable for you.
Further also develop the amortization schedule of the selected option.
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Answer: If your finance not permit to purchase a branch new car but your income permit you to spare Rs.590,000 per annual and can contribute upto Rs.1,000,000 for car financing.
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1
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