Financing without Mark up

[arslansarwar]

Only 15% bro.

[def3nder]

so you mean lease 3 saal ka ho ya 5 saal ya 7 saal bank only 15% in sab time period ka charge kare ga ?

its 15% for one year.

[mgalaxy3]

Yeah for 5 years, depending on the bank and terms.. have to pay 47% to 55% extra (interest).. close to that you are right

[def3nder]

btw do you mind sharing ap ka in cash kitna hai n requirement keya hai? is this car gona be your first car or second car? so may be koi or option nikal ae n finance na karney parhe ?

[arslansarwar]

This is too much then​

[def3nder]

Simple ki bat hai jo b kahi b interest rate lekha hota wo one year ka hota hia. but they dont mention that. agar wo karey tou log kesey attract ho ? Financial institute ka kam poehley khud paisey kamana hota bad me logo ko service provide karna hota,

Suppose 15% they charge that means they are earning 5% on loan per year. And for 7 years 15% means 2.14% earning for the bank? which is impossible. Common sense ki bat hai.. And bank always earn higher than what they pay profit to their customers. jo saving accounts per lagta hai.

I hope you guys do agree with it. Bank pehley apna sochti hai bad me consumers ka, beshak qayamat he q na ajae

Only anyone can lease a car on zero markup or on less markup if they are a bank employee.

[arslansarwar]

You're right. I always thought it was 15% in total .
Thankfully i never ever fell for it.

[def3nder]

Ap k mu me ghee shakar aga asa ho jae. but, bhai asa hota tou sarey log cash pe gariya he na le , car lease karwae. or 7 years k plan pe mazey karey

[arslansarwar]

Haha true.

[def3nder]

Car leasing payment plan increase in middle

AOA, I leased a car from Dubai Islamic bank in October 2018, the plan they gave me at that time did not mention an increase in monthly payments but now after 1 year, they have sent a new plan for the next year with increased prices (6.5% increased). is that the case with everyone? They are saying that since Kibor is increased so they had to increase monthly "rent" to adjust the difference.