Another way to save is to study prices in stores and watch for discounts. Make purchases in advance, not at the last moment, when the price is no longer important.
It is worth taking a car loan in the following situations:
inflation is rising, but the key rate of the Central Bank of the Russian Federation remains below 7%;
the cars you want to buy are rapidly rising in price (including used ones);
you are confident that your income will not decrease, but will only grow.
Savings are suitable in other cases:
the key rate of the Central Bank of the Russian Federation is pakistan mobile database rising, and loans are becoming more expensive;
you have a high debt load, which is why you are not approved for loans;
You are unsure of your income and are afraid that you will not be able to repay the loan.
A car loan has a significant advantage - you immediately receive a car and can use it. But you will pay interest to the bank. In addition, when taking out a car loan, CASCO insurance is issued, which increases costs, and the vehicle is owned by the bank until you fully repay the debt.
An alternative to a car loan is a regular non-targeted loan, which does not require collateral or insurance. You can buy a car from any seller and immediately register it as your property. And the interest on such a loan can be minimal. For example, at Bank Sinara you can take "Credit 0%" for up to 3 million ₽. To get a 0% rate guarantee, you need to connect the service package "Manage easily» when applying for a loan.
How to save up for a car on a small salary
How to save up for a car if you have no money is a question that has no clear answer. Each time you need to decide based on the specific situation. We will only give general recommendations for those who earn little:
The main thing is not to try to save up for an expensive car. Consider used models that will be inexpensive to maintain. But do not choose too cheap models - most likely, the repair costs will be too high.
Look for ways to earn extra money or think about changing jobs. If your salary doesn't allow you to save, it will negatively affect not only your ability to buy a car, but your life in general. Perhaps you should first get a profession that is in demand and wait with expensive purchases.
To start saving, sell things you don't use. This could be old equipment, clothes, unloved cosmetics, books, and more.
Save on everything that you can really save on, but don't deprive yourself of all pleasures. If frustration accumulates, sooner or later you will break down and make an impulsive purchase.