Ask Experts Questions for FREE Help !
Ask
    andyrobin's Avatar
    andyrobin Posts: 1, Reputation: 1
    New Member
     
    #1

    Mar 20, 2010, 12:25 AM
    Which is best interest scheme, fixed or floating?
    To buy a car, which is the best one to opt for car loan?
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
    Ultra Member
     
    #2

    Mar 20, 2010, 12:51 AM

    I would suggest you opt for the fixed.
    This way you will know exactly what you will be up for.
    This is usually short term anyway.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
     
    #3

    Mar 20, 2010, 08:03 PM

    I agree on the fixed. Not only do you know exactly what you've got, but since interest is down, the only place I could see it floating is up.
    Stringer's Avatar
    Stringer Posts: 3,733, Reputation: 770
    Business Expert
     
    #4

    Mar 20, 2010, 09:54 PM

    Depends upon the rate, if it is low then I agree fixed.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Journal entry for accrued interest on fixed deposits [ 3 Answers ]

What would be the journal entry for accrued interest on bank fixed deposits?

Interest on Resident Saving Accounts/Fixed Deposits [ 1 Answers ]

I have resident savings account in India (and some Fixed Deposits). I am in USA for 6 years but never converted my residents accounts to NRO or NRE. The aggregate interest earned on all accounts in 2009 is approx $500. I don't file taxes in India as the total interest income is less than INR60K...

Can a fixed interest rate be changed after I sign? [ 1 Answers ]

I recently reconsolidated my school loans, and I signed the promissory note, which indicated that my loans were at a fixed interest rate of 3.125%. The company that is handling my loans sent me a payment schedule based on a 4.125% interest rate. I, of course, called them to dispute this matter. At...


View more questions Search