Question
If your finance does not permit to purchase a branch new car but your income permit you to spare Rs.590,000 per annual and can contribute
If your finance does not permit to purchase a branch new car but your income permit you to spare Rs.590,000 per annual and can contribute up to Rs.1,000,000 for car financing. Consider if the invoice value of the vehicle is for Rs.3,600,000 and present interest rates equal to 13.5%. Develop FIVE option that meets your financial limits and select the option that may be most favourable for you. Further, also develop the amortization schedule of the selected option. Note: Considering car financing can be availed for a period from 3 years to 5 years.
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