Monday, 24 February 2014

A further Comment on emifreecar.com offering to pay 75% of EMIs

My Reply to a comment by a reader on the article "EMIfreecar.com making car buying Easy" published in the Economic Times Dated 23/02/2014 at 5:22 pm.


"Your calculation is good. But you missed one point. 

If you own a car, you will be using it for your daily office reach and for your weekly, monthly marketings and weekend movies, outings, etc. 

So you will have to spend on petrol/diesel anyhow. So your extra burden for running 1500 km. is not going to be much. It will be only Rs. 2-3 k that you spend extra. What you receive will be more than 10k a month. 

Not a bad bargain. It is very good scheme."

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