Finance OR pay full..!!

variozin · 22nd June 2007, 08:39

Hello everyone,

I wish to start a poll here about the descision to either pay full amount or get financed while buying a new car. Ofcourse, this is optionis for those only who can afford the big amount at the time of buying.

One TeamBHPian suggested that if one can invest the sum into other place where he can gain more than the interest on the car loan itself, then obviously car finance will be a better choice. But the thing is, its not that simple to have such a dream investment venture.

So, guys please write your opinion here, that might help those who are stuck in this descision.

androdev · 22nd June 2007, 14:15

this might be helpful

http://www.team-bhp.com/forum/475707-post21.html

djay99 · 9th July 2007, 17:08

If you are getting better interest rate for money you deposit instead of loan interest rate then it makes sense to go for loan.

22nd June 2007, 08:39	#1
variozin BHPian Join Date: Jun 2007 Location: Kanpur Posts: 32 Thanked: 0 Times	Finance OR pay full..!! Hello everyone, I wish to start a poll here about the descision to either pay full amount or get financed while buying a new car. Ofcourse, this is optionis for those only who can afford the big amount at the time of buying. One TeamBHPian suggested that if one can invest the sum into other place where he can gain more than the interest on the car loan itself, then obviously car finance will be a better choice. But the thing is, its not that simple to have such a dream investment venture. So, guys please write your opinion here, that might help those who are stuck in this descision.
	() Thanks

22nd June 2007, 14:15	#2
androdev Distinguished - BHPian Join Date: May 2007 Location: bangalore Posts: 3,097 Thanked: 22,341 Times	this might be helpful http://www.team-bhp.com/forum/475707-post21.html
	() Thanks

9th July 2007, 17:08	#3
djay99 Senior - BHPian Join Date: Jun 2007 Location: Ireland Posts: 1,475 Thanked: 544 Times View My Garage	If you are getting better interest rate for money you deposit instead of loan interest rate then it makes sense to go for loan.
	() Thanks