Hey all! Planning to get a car just for the fun of it. Any quick thoughts on the average percentage of net worth people spend on cars? 🚗💰 Thanks!
AFAIK there's this 20-4-10 rule for car financing • You should have 20% for downpayment. • Loan should not exceed 4 years. • EMI should not exceed 10% of your monthly income
All post tax, in hand income.
This is helpful. Thanks
Super helpful
just for the fun of it
Maybe, don't?
Networth shouldn't be linked to car. It'll have an age component because of that. Follow the 20-4-10 rule instead.
If it’s just for fun, I won’t go with the financing option at all. All cash!
I am considering buying a car but haven’t decided the right budget for it yet. Wanted to know how much y’ll were earning and spending on other expenses at the time when you bought your car, as well as the value of the car itself? Additio...
I’m in the process of getting a car. I absolutely love cars and don’t mind splurging a bit to get a nice car.
Looking for recommendations: why did you buy it? How much did you pay? Any regrets?
Any Merc/Audi/BMW/Porsche owners here?
I only ride chauffeur driven Bajaj RE-4 Compacts. And I take a new vehicle every day. Y’all are the poor ones
Working in a startup. 1cr Sal, 70L car, not on emi.
