So I withdraw 1L in hand every month and saves around 50-60K per month. I am married with no kids yet and my age is 28.
I do not have any responsibility. I do have one loan for which I pay 5.7K EMI.
Would you suggest me to buy a car? If yes then Which one considering my finances.
Many forget to value the running expenses of a car. It is not just your initial capital outlay, but the consumables will be a big drain too. Every time you take the car out, it wil cost you money. Every day you car stays parked, it will cost you more in future. Insurance, repair , services, normal cleaning is all cost and a headache. You will think long driving will be fun, let me assure it after your fourth drive, it will be a drudge. You will plan travelling is a great break, it will cost you money and after a few trips it will wear you out. So, don't go by advts, movies, peer pressure. Car owning/driving in India is a headache. Don't do it.
But unfortunately the car virus has infected you, so you will buy, I didn't listen when I was given this advise. I have no reason to believe you or anyone who is Infected with this car virus to. Go for a compact sedan. Don't buy the overpriced shitty compact SUV.
Happy motoring!!!!
Sure buy it, but don't spend a fortune on it. I would also suggest look for an 2nd hand car as well, if you don't care about how others would think.
I would go for an hatchback, 7-8 lakhs budget . Preferably from Tata.
But it depends on your budget and lifestyle. Discuss with your spouse and take a decision.
Go for an EV only if you plan to drive it daily.
Yeah, but a simple one,
No matter how much you earn/save, after a while you get the realisation that you could had saved some money if you had bought a simpler car or a lower model.
Yeah, but probability of low for me to get laid off.
Apart from that Finfluencer gyan, I will be realistic this might come as harsh...I believe since Swiggy is going for an IPO, they are aiming to stay EBDITA positive anyhow and we all know they can again resort to layoffs for that...if you are confident enough to get back to the job if unfortunately layoffs happen within a month or you have enough savings that your lifestyle won't be affected after deducting your car EMIs after layoff go forward with that And yes I personally don't believe in that rubbish gyan on depreciating assent n all
