Share your insights or perspective on the financial matter presented in the input.

Is it advisable to go for an auto loan if I can make the full payment for a new car?
There needs to be more numbers with your choices, without those any answer is purely speculation. Assuming that India is much like the US, you are almost always better to go with a company leased car.  That is if you are not responsible for the lease if your employment ends with the company. Here in the US companies typically reimburse, so tax free, their employees for about 50 cents per mile, or about 31 cents per kilometer.  This barely covers the gas and insurance and falls way short when one includes deprecation and maintenance.  So it is better to have the company to pick up all those costs.      Borrowing money on a car is just plain dumb no matter what the interest rate.  So I would stick with choice number 1 or 3 depending on the arrangement for the company leased car. The next question becomes how much you should spend for a car?  I would say enough to keep you happy and safe, but not much more than that until you are wealthy.