Would you pay cash or loan?

[kenz88]

Cash has always been the best option if you can pay up front. But the problem is that I heard a lot of people saying when you pay in full, the BIR will come and kulit you. Is that true? So will it be better to pay through a car loan?

[tidus1203]

That's not true. The BIR has not harassed me and I bought all my cars CASH. Syempre mga binibili ko naman di naman mamahalin iba na if you buy a Lambo like that pawnshop guy with cash. Or was it a McLaren SLR?

[dr. d]

pay cash if you can.
you save money that way.
plus, you save yourself the hassle of the monthly drudge..

[erichumprey]

mas ok kung cash.. but in reality mas maraming nag lloan kahit sobrang laki ng interest rate dahil wala namang ganung kalaking pera. at isa na ako dun! :D

[belzer]

cash, pero mag cost benefit analysis ka muna...

[KCboy]

dapat kasi gawin ng bir, the interest that you pay for a car can be deducted to your income so you pay less tax, that way madaming tao maeengganyo mag car loan thus stimulating the bank as well as the car industry. that's how they do it in the US. para maging accessible and car to all filipinos. hindi lang yung mga may kay.

[Ginnova]

if you have the money pay in cash. say for a 1M car and the rate of 27% for 5years. that's a whooping 270K savings. hindi kikitain ng pera mo yan kung nakadeposit lang sa bank.