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Personal loan
For your first car, should you apply for a loan or purchase in cash?
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[QUOTE="astraherondale, post: 15230, member: 3926"] Some people tend to be cautious and would rather save up until they have enough cash to afford the car they want, but this takes time and would create an impactful dent on their savings fund. Taking out a car loan is faster and more convenient, plus you won't be able to feel the financial drain because you're paying it off gradually - but you'll end up paying more due to interest. If you haven't quite established your career yet but would like to purchase your first car, should you apply for a loan or purchase one with your savings? How did you buy your first car? [/QUOTE]
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For your first car, should you apply for a loan or purchase in cash?
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