In a car loan amortization schedule is the first advance emi paid to dealer reflected in the statement ?
Whatever you’ve agreed with upfront and balloon payments should be reflected in your amortization table with your financing broker, or you should be able to request for it to be reflected. It’s supposed to help you facilitate and anticipate the payments that you need to make over the time that you’re servicing your loan. You should get it detailed clearly to avoid any doubt.
Have no worries. Financial institutions usually deduct first EMI from the loan / finance provided to you. So if you check the agreed amount of loan and the cheque paid to dealer you would find your first EMI is being deducted there. This is a regular practice and fair one. No you are not being treated irregularly.
