Posted by: chaurey August 15, 2013
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I didn't understand the problem:
who is tej and karan? and why did your parents give them the money? and who is the owner of the car?
i thought tej and karan were the dealers and owner of the vehicle. the bank would typically pay off lump sum on the remaining amount on the car after 9 lakh down payment and bill your parents with interest on the loan. If this is the case then the Bank has already paid majority of the payment to the owner of the vehicle so is the problem that 9 lakh that the dealer took was never given to the owner? if so then how come the owner of the vehicle never complained any sooner that he did not get the down payment? why is bank seizing your car if they are already getting their money for the loan from your parents? I am not making connection of the role of TEJ and KARAN in this matter.
who is tej and karan? and why did your parents give them the money? and who is the owner of the car?
i thought tej and karan were the dealers and owner of the vehicle. the bank would typically pay off lump sum on the remaining amount on the car after 9 lakh down payment and bill your parents with interest on the loan. If this is the case then the Bank has already paid majority of the payment to the owner of the vehicle so is the problem that 9 lakh that the dealer took was never given to the owner? if so then how come the owner of the vehicle never complained any sooner that he did not get the down payment? why is bank seizing your car if they are already getting their money for the loan from your parents? I am not making connection of the role of TEJ and KARAN in this matter.