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BQ Big Decisions: Can You Afford To Buy A Car? Should You Take A Loan To Do It?
Yes you can afford to buy a car, especially if you’re taking a loan. But, here’s what you should know before you write the cheque.
19 Oct 2019, 02:46 PM IST 
(Source: BloombergQuint)
The BQ Big Decisions podcast gets you the insight you need to make big money decisions with confidence.
Buying a car is a big decision for most. But often people make a purchase without understanding all the costs involved.
And with most car buyers in India opting to take a loan, there’s also the risk of picking a vehicle that they can’t afford. After all, they only have to muster up about 10 percent of the value of the car in most cases to get a loan.
On this BQ Big Decisions podcast, BloombergQuint spoke to Kartik Jhaveri, financial expert and director at Transcend Consulting, to understand the various factors a potential car buyer has to bear in mind.
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