An employee in my org got a company leased car and he is planning to transfer the lease.
EMI: Rs. 15300 Tenure: 60 months Already paid 25 EMIs = Rs. 382500 Remaining 35 EMIs (that I'll need to pay) = Rs. 535500 Cash settlement he expects (buyer to pay) = Rs. 70000 (Against Rs. 382500 he has already paid) Age of car: 2 years
Current on-road price of the same car and model (brand new) is arrpoximately
Is it advisable to go for this? I feel this is a good deal. Am i correct?
What else should i be careful about when going for this? I could think of these that i might need to check
Insurance, Accident History, Last maintenance done, Pending Tickets. Anything else i should be worried about?