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I made a mistake of paying the full cost of the car upfront.I do not have any previous experience in purchasing a car.The dealer promised me that the car would be delivered within 1 month timeframe if the payment was made in full.I visited the Bank,filled the docs,the loan was sanctioned.The dealer asked me to pay the the down payment of 1.5L.I paid this using Card and IMPS.
The bank transferred the full loan amount to them.Now it seems they will take more than 1 month to deliver and i need to pay 1 EMI without the car.I went to the bank and asked them if they could postpone the EMI,they said nothing can be done from their side.
What should i do ? Please advice
The bank transferred the full loan amount to them.Now it seems they will take more than 1 month to deliver and i need to pay 1 EMI without the car.I went to the bank and asked them if they could postpone the EMI,they said nothing can be done from their side.
What should i do ? Please advice