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Puchasing a car in cash

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(Querist)
11 August 2014 hello everyone i have a question a frnd of mine want to purchase a eon car costing 3.67 lacks approx so he had paid 50% of amount in cash and rest he is plannig to pay in cash he asked me that whether he should pay remaining in cash or by loan i advised him for a loan did i advised him the correct option ?
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Rupesh Jain

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Rupesh Jain (Expert)
11 August 2014 yes you can buy the fixed assets in cash . you are taking loan or not its your decision depend on cash in your pocket or not.
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
11 August 2014 agree with rupesh
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
11 August 2014 agree with rupesh
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Avinash Singh

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Avinash Singh (Querist)
29 August 2014 thanks to all of you for your kind advice
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