Is It Wise to Buy a Car on EMI Right Now?

[arjungoyal12]

I’ve been thinking of buying my first car. The dealer is offering low-interest EMI options, but fuel and insurance costs are already high. Should I wait, buy used, or go ahead with the loan?

 

[bekifaayatifan]

Paying in full for a used car is cheaper. You should hire an honest mechanic to inspect the vehicle before purchase. If that's not viable, there are companies which provide used car inspection as a service.

As vehicles age, expensive parts might need replacement. So, carefully inspect vehicle before purchase and prepare for potential maintenance costs. Some used car sales companies do provide some sort of warranty, if vehicle factory warranty is over.