Win, lose or draw

My car started showing hesitation when moving off recently. In lay man language, it felt jerky. Brought the car to a garage and the problem was traced to faulty ignition coils and spark plugs, as pictured above. Here’s the thing: I bought the spark plugs from Amazon about 2 years back. These were aggressive spark …

Car Loan Redemption Penalty

When signing up a car loan, typically you are subjected to a redemption penalty if you choose to redeem the loan before maturity. The redemption penalty is calculated based on the method of Rule of 78.

If you are interested in just getting a quick feel of how much redemption penalty you will have to pay on your car loan, skip to paragraph 5. Read on if you are interested in more background information.