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Actual price

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(Querist)
31 July 2015 Dear sir i want to know if Financed amount of any car is 400000 & disbursed amount is 398466 , whether actual car price is 798466 or not?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
31 July 2015 Actual price of car is based on the invoice price of car dealer. Financing cost should not be added to cost.
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Prakash kumar

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Prakash kumar (Querist)
31 July 2015 Thank you sir , actually we lost our car invoice and i have to give my account to CA , here i m adding finance amount and disbursement amout . 400000+398466= 798466 to get car price. is this correct or i have to find dealer car invoice



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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
31 July 2015 If the 4 lacs doesn't include any interest submit it.
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Prakash kumar

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Prakash kumar (Querist)
31 July 2015 thank you , sir finance and loan is same or is there any difference ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
31 July 2015 Finance and loan is the same.

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