Can I buy a car without money?

Can I buy a car without money?

Yes, you can get a car with no money down, but unless you’re planning to trade in your current vehicle, that zero down payment offer could mean higher monthly payments—and higher costs in the long run.

Can I buy a car without loan?

Advantages of Buying a Car Without Loan You can be away from any debt, liability or loan problems. The depreciation cost of the vehicle is high and fast, so sometimes your loan may not get over, but the value of the vehicle may be reduced to very low.

Can I afford Honda City?

If you are a married man with 2 kids and living in a city for rent house , then Rs. 90000 per month before taxes could be very tight. If it is a mid town, then i think you can afford to buy Rs. 7–9 lak car provided your long term savings are taken care…..

Can I buy a car in cash?

Buying a car with cash is probably one of the most straightforward means of getting your car, as there’s very little to it. You simply pick out your car, visit the dealership or seller, and arrange your payment via cash, debit card or transfer.

Can we buy a car in full cash?

Legally, you cannot do a cash transaction of more than ₹2 lakhs in a day. Unofficially, you can purchase the car on full cash. There are many dealers especially in states where laws are lax, who have no problems in cash transactions above ₹2 lakhs and people are buying cars on full cash payments from those dealers.

Can 2 people take car loan?

While some banks and financial agencies permit unrelated people or distant family members to become a car loan co-signer, there are some other lenders who are very strict with their terms and allow only co-signers who share the same residential address with the borrower.

Can I buy a car with 30k income?

If you have a monthly income of Rs 30,000 and aspire to buy a car, you can get a list of models including Tata Tiago, Tata Indica eV2, Maruti Suzuki Celerio, Hyundai i10 to choose from.

Can I buy a car if my salary is 40000?

40,000 per month, your monthly car loan EMI should not exceed Rs. 8,000. But the criteria for getting a loan also depends on the creditworthiness of the customer. Lenders will be willing to provide you high loan amounts at low interest rates if you have a good credit score.