Mar 6 2014, 09:57 AM
QUOTE(danabu @ Feb 17 2012, 03:25 PM)
Financial guru advice / guideline:
Max 15% of monthly income and not more then 5 years for the car loan. Even you plan to use the car more then 5 years.
We should invest the money not spending all the money on car loan. Car works for us not we work for the car. Let the investment generate some extra money for us.
Agreed. buy a car that can settle within 5 years. no matter that is new or used car as long as within budget and can handle the maintenance cost.Max 15% of monthly income and not more then 5 years for the car loan. Even you plan to use the car more then 5 years.
We should invest the money not spending all the money on car loan. Car works for us not we work for the car. Let the investment generate some extra money for us.
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