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Would something within 10 lakhs be a reasonable purchase if my A0 salary is 16 lpa?
I mean, you will be living in the car, right?
1. Loan period- If you taking say a 3/5 year loan then the annual outgo would be lesser and you can plan your budget accordingly, although itβs preferable to get a car without or with minimal loan.
2. Keep some amount aside for running costs + insurance + maintenance. As after buying the cars these annual expenses will continue.
And most importantly first prioritise your monthly expenses and from the balance decide how much to spend on cars
Assuming this is not for mumbai - please PLEASE don't buy a car if you're working in mumbai, there's no way you'll survive your first year at a law firm if you spend an hour and a half / 2 hours a day in traffic behind the wheel.
https://twitter.com/yakshayc/status/1568251981587968008?s=46&t=U4A8KDJ21kA209NvcUEf0w
https://twitter.com/yakshayc/status/1568251983794151424?s=46&t=U4A8KDJ21kA209NvcUEf0w
https://twitter.com/yakshayc/status/1568251985887109120?s=46&t=U4A8KDJ21kA209NvcUEf0w
https://twitter.com/yakshayc/status/1568251988026212352?s=46&t=U4A8KDJ21kA209NvcUEf0w
https://twitter.com/yakshayc/status/1568251991637508098?s=46&t=U4A8KDJ21kA209NvcUEf0w
https://twitter.com/yakshayc/status/1568251993554305025?s=46&t=U4A8KDJ21kA209NvcUEf0w
https://twitter.com/yakshayc/status/1568251995936673792?s=46&t=U4A8KDJ21kA209NvcUEf0w
https://twitter.com/yakshayc/status/1568251997970907137?s=46&t=U4A8KDJ21kA209NvcUEf0w
https://twitter.com/yakshayc/status/1568251999808004096?s=46&t=U4A8KDJ21kA209NvcUEf0w
HOWEVER - there are still some women out there, who aren't hypergamous, who are worth waiting and holding out for. I would want this dude to find such a woman (ASAP), lay down the red carpet for her, and offer her a good life (with a brand-new German/Swedish, car). Just a bro who looking out for a bro. That's all!
Iβm an A0@T1 and I still take the metro on most days π