Planning to buy a new car in India.
Options I have are as follows:
- Company leased car
- Direct Auto Loan from finance company
- Full one-shot payment from savings
- Company leased car
- Direct Auto Loan from finance company
- Full one-shot payment from savings
From all the articles I've read today, Fullfull one-shot payment from savings (which iI think iI can afford) sounds like the best approach since car is a depreciating asset.
Is my understanding correct? Or should iI still go for a partial finance via company leased car or direct auto loan? If I should, will iI actually benefit from the tax-savings angle?