Dealer charging 1.5% on bike purchase

[Darthvader]

I have decided to buy Himalayan 450 costing around 4.1L on road in Bangalore which includes tubeless wheels as well.

However Dealer is asking for 2% and not budging for full waiver off. What can be done ? Any RBI guidelines on this ? I even asked for GST invoice for that extra 2% he said no that won't be in invoice.

I will try other showrooms today and see, Anybody in Bangalore was able to purchase bike with 0% MDR fees ?

 

[Batmanbaba]

No showroom will give u with zero mdr... Believe me....... Only option is to either pay the mdr or use real money in form of cash/cheque/dd/neft etc

 

[6ix9ine]

However Dealer is asking for 2% and not budging for full waiver off. What can be done ? Any RBI guidelines on this ?

RBI guidelines? What kind of work do you expect RBI do?

Dealers don't care who you are or what you use, what matters are your negotiation skills, which seem to have fallen short.

If you really want to use CC, then look for other showrooms in your area or different city, rest is explained above.

 

[sidp]

I have decided to buy Himalayan 450 costing around 4.1L on road in Bangalore which includes tubeless wheels as well.

However Dealer is asking for 2% and not budging for full waiver off. What can be done ? Any RBI guidelines on this ? I even asked for GST invoice for that extra 2% he said no that won't be in invoice.

I will try other showrooms today and see, Anybody in Bangalore was able to purchase bike with 0% MDR fees ?

Rbi guideline is clear- mdr has to be borne by merchant.
But card isn't a legal currency. So you can't force him to accept it.

You can do following -
1. Complain to the bank whose pos he uses. In some cases they block the machine. But they need evidence to act.
2. Complain in consumer forum that merchant passed on mdr to you. You'd like a reimbursement.

Know that in both cases , you burn the bridge. So if you plan to avail future services from that dealer( maintenance, part, referral, bike upgrade) , this is not advisable.

Many dealer accept cc payment at 0 mdr. Especially premier brands. Dealers with high value/volume transactions are more rigid. But there is a chance their banks arenot even charging 2% mdr on cc. E.g yes, idfc etc

 

[Darthvader]

Many dealer accept cc payment at 0 mdr. Especially premier brands. Dealers with high value/volume transactions are more rigid. But there is a chance their banks arenot even charging 2% mdr on cc. E.g yes, idfc etc

Thanks i will try.

 

[Dazzwilliams]

See if you can make the payment from RE official website to that particular dealer. In this case you can use your CC

 

[Darthvader]

See if you can make the payment from RE official website to that particular dealer. In this case you can use your CC

tried this only 20k it takes as booking. rest everything in showroom.