SillyTaco
Should I buy car or not?
I live in Pune. I earn about ₹1.10 lakh per month, and my wife earns ₹80,000 per month.
I have a home loan of ₹40 lakh, with an EMI of approximately ₹37,000 per month. Last year, we had a baby who turned one in November.
I am considering buying a car to make it easier to travel with the baby. I’ve looked at cars priced around ₹10 lakh, but I’m unsure whether I should go ahead with the purchase. I’m concerned about whether it will be worth the expense, as it would add an extra ₹10,000–₹15,000 to my monthly expenses.
I have ₹30 lakh invested across various assets. Could you please provide your advice?
1mo ago
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