I am very weak in the financial calculations, management. Taking loan then paying the loan back with additional interest, then take count on how many EMIs have been paid, then always maintaining the balance so that no EMI is bounced, then have to keep earning just for the sake of paying EMIs, then there is headache of closing the loan... it all feels a very tedious task to me.
I prefer to buy the car only when i have money in my pocket. My car is fully mine and now I have to earn only for the fuel and the maintenance bills which i think needs lesser efforts for lesser needed earnings further. And there is peace of mind that no liabilities except keeping the car in pristine condition