I want to buy a Hyundai Grand i10 in exchange of my Maruti 800. However, the latter is on my mother’s name and if I want to buy the Hyundai car on my wife’s name then the dealer is saying that he can’t offer me an exchange bonus. Is that so? Also, they are giving me a quotation of the loan price after deducting Rs. 25,000 exchange bonus and are also saying that the insurance of Rs. 21,000 is available for me free of cost. Is that possible?
By: Deepak on 28 june 2016
You should talk to a few more dealers around you before settling on these conditions. Exchange bonus is in the hands of the dealers therefore, each can have their own set of rules. This being said, the issue can be discussed with the dealer and sorted out easily.
As for the loan amount, you need to get clarifications from the dealer himself and also talk to your bank and agent for more details and confirmations. The insurance cost can be a promotional offer which can be something exclusively available with this particular dealer. So, the best option for you would be to discuss the terms with the dealer in more detail and also talk to a few other dealers around you.
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