GoonGoneWild
New member
I am from India - i am planing to buy a car which will cost me around 4-5 lakh Rupees. Now i am wondering if its better to pay the full price while buying or to finance it with some down payment. If i take a loan, how much percentage of the price should i pay as down payment to minimize interest etc - is it the more the better? .. also is there any income tax issues if i buy it paying the full amount while buying?