Hi Fellas,
Good afternoon everyone, I am contemplating on getting the bank finance or use my cash for my next car and why?
Pros
Save my money for something else
Keep paying in small EMI, that doesnt impact budgeting of other things
Cons
Too much hassle and paperwork for weeks and weeks for getting it
Too much hassle and paperwork for weeks and weeks for closing it
Car Seller doesn't prefer bank transactions
While selling again same drama.
Conclusion: Is it worth banking a car when you have spare cash, means bank hassle worth saving that 2-3% extra expense (lesser than one year insurance).....? I hope you got my confusion.