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Buying car

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 June 2017 hi,
i am planning to buy a car so I wanted to know can I buy a car without a Car Loan but I would like to make the principal payments in MONTHLY installments out of my own income ..is it possible or this option is even feasible?

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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
08 June 2017 It is not necessary to take car loan but I have not heard of buying a car by paying in monthly installments for it without car loan. Normally payment in installments is possible only in case of car loan.
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