I want to buy a car - approx €20,000.
I have no personal debt of any kind and have sufficient savings over and above the €20,000.
Should I take out a car loan and pay interest for the term at x%
Or should I pay from my savings, thereby losing the interest (currently at 4.25%) for the term and beyond?
Which is the best option?
I have no personal debt of any kind and have sufficient savings over and above the €20,000.
Should I take out a car loan and pay interest for the term at x%
Or should I pay from my savings, thereby losing the interest (currently at 4.25%) for the term and beyond?
Which is the best option?