Most people get themselves into car loans without evaluating the total cost that comes with it.
Before you take a car loan, your budget should accommodate:
1. Monthly loan repayments
2. Fuel expenses
3. Servicing & maintenance
4. Insurance costs
Before you take a car loan, your budget should accommodate:
1. Monthly loan repayments
2. Fuel expenses
3. Servicing & maintenance
4. Insurance costs
5. Other hidden costs
If your budget can't accommodate those expenses comfortably, the car loan will be a burden for 3-5 years.
A purchase that was supposed to better your life ends up bringing you financial distress.
If your budget can't accommodate those expenses comfortably, the car loan will be a burden for 3-5 years.
A purchase that was supposed to better your life ends up bringing you financial distress.
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