My name is Caroline. I am 30 years old. My net salary is Sh100,000. I want to buy a car by February 2025. The car's budget is Sh1.4 million. I have saved Sh250,000 in MMF. I am also receiving an additional 300,000 from a family investment. I recently joined a Sacco with deposits of 10,000. My monthly expenses are Sh30,000. I need your advice on;
1). How to finance the car: should I take asset financing via a bank or apply for Sacco loan?
