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Hi guys !! Can any one plz explain me what are the advantages of buying the car on loan .
By Ishwardas 07 July 2009

when one person wish to buy a vehicle but not have a full purchsae value amount . than he can fill his desire vehicle by loan.. only one advantage is directly may found .. another in betwin finance period vehicle meet accident or theft than almost people dont pays balance dues .this is indirect advantage ... but loss in loan r many types..

Answer by Gautam Jain Chennai 07 July 2009
Expert`s comment:

The advantages of getting loan are
1.You canget the car with low initial downpayment and pay remaining in installment.
Disadvantages are .
1.Burdon of paying intrest
2.Horrible experience with some banks in method they use for collection of money if one EMI is missed.

Answer by Shiva Shankar 07 July 2009
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