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.
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.