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Cars Q&A

Question
In this recession period, is it good to buy a sedan under a 5 year loan with housing loan already taken. Please suggest on the future market conditions, is it worth buying a car which i feel it is a liability. I am confused
By Ramesh K 01 January 2009
Answers:

Hi,from my suggesion is that dont go for any new loans on this present situation,in this recission time better to buy a used car if it is a priorty to you one the present movement.

Answer by Benny 01 January 2009

Hello Ramesh,
I think you have to pay the housing loan first and then think for car loan..this whole 2009 will be very difficult as per recession concerns...so i would suggest you to hold for sometime may be for 10-11 months..let situation clear and then go for a car..go for new one..

Answer by Pankaj R 01 January 2009
expert
Expert`s comment:

Hi,
If you are already in possession of a car then it will be worth waiting for upgrading . Otherwise it will be good option to buy a used car at affordable budget . Possession of a car would certainly help for family outing .

Answer by Shiva Shankar 01 January 2009
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