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I keep cars for 8 years minimum so I finish the EMI by end of 5 years and 3 years without emi. I just see what EMI I can afford easily for 5 years. I don't calculate this in terms of net worth and CTC etc. Here's what BHPian anshumandun had to say on the matter: Vehicle he ownĪccording to what I understand, spending power is determined by priorities and interests. Monthly income (unknown), Net woth (few crores). The cars he owns in a family of 4 areĮven when I add together the costs of all these automobiles, it still comes to less than 0.1 X of his yearly income.Ī Thakur sahab of my tehsil (and relative of a member on this forum).
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I now priorities things like my children's future education, saving money for the care of the elderly, a better home, and yearly vacations.Ī resident in my building, owns 4 vehicles. (0.4 X of my yearly salary)ĭespite being a car enthusiast, I've begun to appreciate the distinction between assets and liabilities. Age 42: I make 52 lakhs a year, and if I were to buy a car right now, I wouldn't shell out more than 20 lakhs for it.Age 35: I was earning 21 lakhs per annum, I bought a big crossover which was 19 lakh on road.Age 31: I was earning 8 lakh per annum, I bought a sedan which was 9.5 lakhs on road.Age 23: I was earning 7 thousand per month when I bought a used hatch at 1.45 lakhs.I was 23 years old when I had started earning.
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What car? What salary? What age? and What is your passion? BHPian dicor recently shared this with other enthusiasts.