Interesting but karthi is loan a better way to buy if we have money. Example lets say today we have 1,60,000 and want to buy a car. Taking a loan at 8% interest for 8 years final value would be ₹296,148.83 and keeping that 1,60,000 in equities for 15% would be ₹489,443.66. Hence, I have the car and the amount back too isn't it?
True it is double the price but buying with a loan and paying double the price while investing in equities the same amount instead of directly purchasing is a net positive of 1.89 Lakhs isn't it ?
What is the guarantee that the doubling will happen? What is the risk we are taking here? Investment happens only with we are ready to let go/throw away? What if the markets go wrong, you will still have to pay car loan right? Things to think about.As a principle, debt free keeps you worry free and allows you to go do better things with the money you have.
Interesting but karthi is loan a better way to buy if we have money. Example lets say today we have 1,60,000 and want to buy a car. Taking a loan at 8% interest for 8 years final value would be ₹296,148.83 and keeping that 1,60,000 in equities for 15% would be ₹489,443.66. Hence, I have the car and the amount back too isn't it?
Why do u want to buy a car worth of 1.6 for almost 3. Double the price. how much you want to pay for that convenience sir?
True it is double the price but buying with a loan and paying double the price while investing in equities the same amount instead of directly purchasing is a net positive of 1.89 Lakhs isn't it ?
What is the guarantee that the doubling will happen? What is the risk we are taking here? Investment happens only with we are ready to let go/throw away? What if the markets go wrong, you will still have to pay car loan right? Things to think about.As a principle, debt free keeps you worry free and allows you to go do better things with the money you have.