Our family car was paid through a loan because my father could not afford to pay it in full since he did not have enough money. It was slightly expensive than the original price because of the interest, but it was still beneficial because we were able to use it and the monthly payments were not that heavy compared to my father monthly salary. If ever I will finance my own, I would surely take a loan because it is easier, especially when you are an employee who is waiting paycheck to paycheck for your monthly salary. There are also flexible financing schemes in the market which are available so that it would be easier to pay the loan and the interest rates are not that high. It is really difficult to pay in full because cars are very expensive and your savings may be lost because of the expense.
