Tag Archives: paying cash

Do You Think Paying Loan Better Than Cash?

Recently, few numbers of my readers discuss the concept of paying cash vs paying loan for the purchases, such as car, house and so on.

loan vs cash

Most of the people who I known always claim that it’s better to get a car loan rather than paying it by cash even if you could. Likewise, property investment advisor always say that its better to get a home loan. These are some of the key reasons why they say getting loan is better than cash:

i) Income tax department won’t come to ‘disturb’ often.
ii) Buying thing with loan usually gets more gifts.
iii) You have more liquidity of your money. You can keep your money; you may need it in future.

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