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Sorry this is more of a personal query. I am an incoming A0 at a Tier-1 firm and want to buy my dad a car right out of college (has been my childhood dream). Wanted to know if taking a 10 Lacs Car loan a couple of months into the job is okay? Or should I wait more? Are there any factors I need to take into consideration before going ahead with this?
You donβt even know yet if youβd like your job enough to stay put for long. So yes, have some patience and you might not know but you can 100000 do without a car immediately out of college. This upwards of lakh high horse attitude needs to be studied.
Then do anything/everything else.
I did this later than I should have, do not make the same mistake.
I went on to gift an IPhone to my mother and a huge TV to my grandmother too, but do the two things stayed hereinabove before anything else.