And coming to the 11,000 and odd instalment, i guess i will be able to find out this phone for even less than 35k then at my local vendor. This is a good hint at that.
And lastly, as Toocool mentioned, some might be genuine cases, but then its just for luring u. They just want u to get a habit of EMIs. Once u r in, u will use EMIs even if theres more & more interest.
Take the simple example of
Credit cards - They give u "Free credit". But that is recovered from the vendor where ur card is used. The vendor, in order to promote his sales, is not passing on that cost to u right now. And even if u accidentally breach the due date, u r charged ridiculous amounts of interest & penalties and all.
This Particular handset is in high demand and no retailer is ready to downgrade the price. Everyone wants to encash the demand and supply benefit.
gadgetcrazy gt it in Rs 3000 less bcoz he purchased it online. He paid the money to vendor and waited for 1 week. While in Retail Stores I don't have to wait a single minute after purchasing.
Also there is 10% discount on ng pay but that 10 % is a cash back at later stage. So , such discounts are always complicated.
i dont know how i missed the 3k difference thingy, @IM , out of competition the amount which you should have saved by searching a better deal(2-3 k less) is actually the interest paid by you, i have seen mostly when there is some kind of scheme or discount then vendor gives that discount only on mrp and not at normal discounted price, they would not give you discount of 3k and interest free emi both at the same time, you will have to choose 1 thing.
I would have gt that of I would have opted Online Stores but I avoid online stores for high end purchases. But now even Online Stores are not giving much discounts on SGS3.