Very easily but would it be a prudent decision? No.
I don't feel even a T1 law firm partner should buy a mercedes because, depending on his experience, it would end up costing him 25-60% of his annual salary. Ofc this is not true for the rainmakers and the partners who make 5 cr+
Why buy a Merc in India? The roads are terrible and crowded. Better to spend 30 lakhs on holidays abroad and drive a rented Merc/Ferrari on the roads there. You can upload the photos on Insta if you want to show off.
There's a huge difference between a Merc and a Ferrari.
A Merc just lets you have a more comfortable ride despite the terrible roads. A Ferrari would scrape on the terrible roads, and already has a bad ride quality.
Is it wise? Absolutely not.
Will I? No.
Why should I buy another one?
Why can't reasonably well-off people with villas do law?
A Mercedes C class costs about 55 lakhs on-road.
15 lakhs down-payment, and your emi is 91 thousand (5 years), or 71 thousand (7 years).
Even an SA 2 can manage that.
Also AUDI >>>>>>>>>>> Mercedes
It's 2,000 per lakh
The 7 year emi number is accurate.
Good choice, BTW 👍
I don't feel even a T1 law firm partner should buy a mercedes because, depending on his experience, it would end up costing him 25-60% of his annual salary. Ofc this is not true for the rainmakers and the partners who make 5 cr+
I thought having a car less than your 10 months salary was considered an embarrassment.
Because my post didn't even have the word "heard" in it.
A Merc just lets you have a more comfortable ride despite the terrible roads. A Ferrari would scrape on the terrible roads, and already has a bad ride quality.
Your argument is true for sports cars.