I’m planning to buy a car in about 2 months for which I have been saving since 2 years. However I would like to ask your advice regarding the same. Is it ideal to buy the car by paying full amount(RS 11 lacs) or is it better to go for a loan by paying downpayment of RS 5 lacs and rest by monthly EMI and to invest the rest of the amount(RS 6 lacs) in others like FD AND MF.Please give your valuable opinion.
You are the best and right person to answer to this query.
It all depends on your current income, future income, whether you are saving adequately for your other important goals, your current loan outstanding (if any) etc.,
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