This entry was posted in Twitter on May 5, 2014 by twilight @b50 @atulkarmarkar even if one can buy a car outright all in 1 downpayment then also everyone insists that loan be taken.. Why?
Reply ↓ 09mitali May 5, 2014 at 01:03 @twilightfairy I nvr undrstd it either .. Valuations increase over time they say ..but a 10 lakh car costs 14 by loan @b50 @atulkarmarkar
Reply ↓ atulkarmarkar May 5, 2014 at 01:23 @twilightfairy They do? Financially, a loan to buy a depreciating asset doesn’t make sense. Unless it is to build a ‘credit’ record. @b50
Reply ↓ atulkarmarkar May 5, 2014 at 01:30 @09mitali Not sure what you mean by “valuations increase” – a car loses ~20% of its value the moment you buy it 🙂 @twilightfairy @b50
Reply ↓ 09mitali May 5, 2014 at 09:15 @atulkarmarkar a person told me that a 10 lakh car in 5 years wud cost 14 so equal valuation ..hv nvr tkn a loan Fr car @twilightfairy @b50
Reply ↓ 09mitali May 5, 2014 at 09:17 @atulkarmarkar of course a car depreciates the day it rolls out of the showroom. Agree no point taking a loan Fr that @twilightfairy @b50
@twilightfairy I nvr undrstd it either .. Valuations increase over time they say ..but a 10 lakh car costs 14 by loan @b50 @atulkarmarkar
@twilightfairy They do? Financially, a loan to buy a depreciating asset doesn’t make sense. Unless it is to build a ‘credit’ record. @b50
@09mitali Not sure what you mean by “valuations increase” – a car loses ~20% of its value the moment you buy it 🙂 @twilightfairy @b50
@atulkarmarkar a person told me that a 10 lakh car in 5 years wud cost 14 so equal valuation ..hv nvr tkn a loan Fr car @twilightfairy @b50
@atulkarmarkar of course a car depreciates the day it rolls out of the showroom. Agree no point taking a loan Fr that @twilightfairy @b50