Pay in Full
-
Is there any advantage in paying the car in full?
I've been saving up for 1 year already.
1 more year and I can buy car in full already.
Yeah!! -
No instalment charge ?
-
no need to give interest
-
no interest, no debt..
-
this is the best way to buy cars... but sometimes they dun entitle u to freebies.. then u juz take out some more cash show them la.. say u want this this and this installed
-
The thing is I'm trying to measure the inconvenience and sacrifices to save such an amount in terms of money.
Is it worth it? -
You will know & feel the heartache and pain when you realise your bank account practically wiped out overnite and you have to start from scratch all over again. You will know the answer thenOriginally posted by BillGates:The thing is I'm trying to measure the inconvenience and sacrifices to save such an amount in terms of money.
Is it worth it?
! -
haha then save x2 the amt loh.. haha then wipe out half only... but have to save longerOriginally posted by DarthVdr:You will know & feel the heartache and pain when you realise your bank account practically wiped out overnite and you have to start from scratch all over again. You will know the answer then ! -
Spend it wisely to do investment instead. A car regardless of whether it is fully paid or loan is still a liability to the owner.Originally posted by BillGates:Is there any advantage in paying the car in full?
I've been saving up for 1 year already.
1 more year and I can buy car in full already.
Yeah!! -
its not juz a liability.... its a DEPRECIATING liabilityOriginally posted by Praetorian111:Spend it wisely to do investment instead. A car regardless of whether it is fully paid or loan is still a liability to the owner.
-
How about income tax ?
Is that any related if you buy cash the car, then the gov think you r rich then have to pay more income tax? -
wow, u two yrs can save so much? no commitments to family or wat at all?Originally posted by BillGates:Is there any advantage in paying the car in full?
I've been saving up for 1 year already.
1 more year and I can buy car in full already.
Yeah!! -
wat car he getting first?
-
Some ppl buy car with cash either because
1) They are filthy rich
2) They have bad credit, thus can't get loans or interests very high
3) They are stupid -
but why are they stupid?cause they wont use the car for 10 yrs?
-
Haha.. I wouldn't mind to be stupid if I have the cold hard cash to buy new car in full.
But I'm far from stupid... -
Originally posted by newcomer:
Some ppl buy car with cash either because
1) They are filthy rich
2) They have bad credit, thus can't get loans or interests very high
3) They are stupid
with cash ? wallet big enough anot ? 
-
Kia picanto.Originally posted by tofushop193:wat car he getting first? -
If the car is bought for personal use, it is smart to pay cash. If the car is for generating income (e.g. car rentals or taxi), try to loan 100% if you can.Originally posted by newcomer:Some ppl buy car with cash either because
1) They are filthy rich
2) They have bad credit, thus can't get loans or interests very high
3) They are stupid
Sad to say, most car "lessors" pay high interest on liability with depreciating values. These car "lessors" never own the car, they bank did
Stupid people like newcomer actually think it is smart to buy car on loan -
I bought a car recently. The car dealer refuse to give me $1,500 discount if I pay cash. So I go for minimum loan; $20,000 for 1 year. Total interest is $650, so I am $850 richer. Deposit $20,650 cash in high interest saving account and let the GIRO deduct the instalments. The interest earn from saving account is a bonus. Forget about the money in the account and one year later the car will be legally yours. Good luckOriginally posted by BillGates:Is there any advantage in paying the car in full?
I've been saving up for 1 year already.
1 more year and I can buy car in full already.
Yeah!! -
the dealers would rather take installments than hard cash is it because they want to earn the interest? any other benefits for the dealers if buyers uses installment?
-
cos when u loan is loan frm bank .. bank will give dealers commision.. so dealers earn more loh...Originally posted by digicharat:the dealers would rather take installments than hard cash is it because they want to earn the interest? any other benefits for the dealers if buyers uses installment? -
really meh...how u know..hahaOriginally posted by ditzy:Kia picanto. -
U bought a Nissan... right?Originally posted by rich989898:I bought a car recently. The car dealer refuse to give me $1,500 discount if I pay cash. So I go for minimum loan; $20,000 for 1 year. Total interest is $650, so I am $850 richer. Deposit $20,650 cash in high interest saving account and let the GIRO deduct the instalments. The interest earn from saving account is a bonus. Forget about the money in the account and one year later the car will be legally yours. Good luck 
-
IncorrectOriginally posted by cornyfish2000:U bought a Nissan... right?