ilmscore | Buying car with loan vs cash

Buying car with loan vs cash

Published: 2025-05-31
Status: Available | Analyzed

Predictions from this Video

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Unrated: 0
Prediction
Topic
Status
Cars are predicted to be depreciating assets, meaning their value will decrease over time.
"Plus the car is a depreciating asset."
Car Loan Costs
Pending
A conservative market return of 10% is assumed for lump sum investments.
"if the same 9.6 lakhs is invested in the lumpsum market with a conservative assumption of 10% return."
Investment Returns
Pending
The long-term average return for Nifty is predicted to be 12%.
"Considering Nifty's long term average is 12%."
Nifty Long-Term Returns
Pending
Investing ₹9.6 lakh in an FD with a 7% return over 4 years is predicted to yield ₹12.6 lakh, resulting in a gain of ₹1.2 lakh.
"Now imagine if you had invested the same ₹9.6 lakh in FD with 7% return, then after 4 years you would have got ₹12.6 lakh i.e. a gain of 1.2 lakh."
Car Loan Cost vs. Investment Gain (FD)
Pending
Investing ₹9.6 lakh in the market with a 10% return over 4 years is predicted to yield approximately ₹14 lakh, offering an extra benefit of ₹2.6 lakh compared to taking a loan.
"And if the same 9.6 lakhs is invested in the lumpsum market with a conservative assumption of 10% return. Considering Nifty's long term average is 12%. But here if only four years are considered then you will get around ₹14 lakh. Meaning an extra benefit of ₹2.6 lakh."
Car Loan Cost vs. Investment Gain (Market)
Pending
Extending the car loan duration can lead to paying an additional 15% to 20% in total.
"If the loan duration increases, you can pay 15 to 20% extra."
Car Loan Cost Increase
Pending
For a ₹12 lakh car purchased with a loan, the estimated interest cost is approximately ₹1 lakh.
"For example, in this case, the overall cost of the car is roughly ₹1 lakh for a ₹12 lakh car."
Car Loan Interest Cost Example
Pending