Is it wise to take a car loan in the age of your 20s? Or is it advisable to take a second hand car with savings?
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Replies (6)
Quick Summary
Go for second hand car with savings.. as you are in 20s you can purchase new car after 20s also with the savings
But also shouldn't it also be wise to buy a new car at once only with some amount of loan and some amount of savings at once?
Yes, it's upto your decision
Will I get any benefit or anything if I opt for taking a loan for the first time or anything of that sort? Will I get any advantage?
It is advisable that you should go for a second hand car, as you can make its payment in one go from your savings. Also, instead of paying emi you can invest the same amount.
Yes even I am thinking that investing might give me more benefits instead of just filling my EMIs
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