Buying car is second highest investment. Please make sure that u choose right car.
Monthly EMI is not consider as investment, First car value will be 10% higher(intrest rate), if calculated market value of car will be 50% less at the end of EMI's.(i.e.what actually paid to bank Intrest, depreciation and condition).
I would like to suggest young drivers to go for used cars (less than 5 year old) buy with cash or hand loan from friends and family.
Some of the advantages
1. while purchasing car u will get actual market price...............
2. if car value can be considered as direct saving...............
3. Satisfaction that u own the car.................
4. Away from bank interest..................
Buying car is second highest investment. Please make sure that u choose right car.
Monthly EMI is not consider as investment, First car value will be 10% higher(intrest rate), if calculated market value of car will be 50% less at the end of EMI's.(i.e.what actually paid to bank Intrest, depreciation and condition).
I would like to suggest young drivers to go for used cars (less than 5 year old) buy with cash or hand loan from friends and family.
Some of the advantages
1. while purchasing car u will get actual market price...............
2. if car value can be considered as direct saving...............
3. Satisfaction that u own the car.................
4. Away from bank interest..................