02/09/2025
๐ ๐๐ฌ ๐ ๐๐๐ซ ๐๐จ๐๐ง ๐๐จ๐ซ๐ญ๐ก ๐๐ญ ๐ข๐ง ๐๐๐๐?
Buying a car feels exciting, but should you finance it with a loan? Car loans are easy to get, but they come with high EMIs and fast depreciationโyour carโs value drops the moment it leaves the showroom. A โน10 lakh loan over 5 years at 9% p.a. means youโll pay nearly โน2.4 lakh extra in interest. If you can manage a bigger down payment or consider a used car, your financial stress reduces dramatically. Sometimes, smart ownership beats flashy EMIs.
Would you go for a brand-new ride on loan or save for a bigger down payment?
Comment ๐๐๐ if you want us to run the math on your dream car purchase.