Should I buy a luxury car?
Everyone in my family has always been very frugal. Honestly, the most unnecessary purchases I’ve made so far are a bicycle worth around 17k and a Nikon 5200 camera, both of which are rarely used. My wife never forgets to bring these up during our arguments 😊
I’m 35 years old, and my current net worth is around ₹5 Cr, including a house worth ₹2 Cr (excluding any parental property).
I have no loans. My parents were strongly against debt, and over time I’ve come to agree with that mindset.
That said, somewhere deep down, I do have the urge to splurge a bit and buy something like a Tesla Model Y or a BMW 3 Series. However, my actual usage is quite low. I drive maybe once or twice a week, with occasional long trips of 500 to 1000 km.
A part of me feels I’m not yet “rich enough” to justify a ₹60–70 lakh car. But I also don’t have a clear benchmark for when such a purchase becomes reasonable.
For context, I have a strong income (CTC above ₹1.5 Cr), but it comes with high uncertainty since I work in a high risk company where things can change quickly.
Currently I own swift dzire.
Given all this, do you think it makes financial sense for me to buy a ₹60–70 lakh car?
Hey, if you don’t mind sharing, could you walk me through how you built your net worth? Would really appreciate understanding your approach like income sources, investments, and any key decisions that made a difference.
Nothing exceptional. Only salary and savings.
Go for it
Yes and take me on a joyride once you buy the 3 series 😝 You can look into repossessed/ second hand cars if you want some semblance of value for money btw. At the end of the day its an emotional decision and no amount of gyaan here is relevant to decide on the merits of this
Sure man.
You can afford it but it's still a significant amount of money.
So the question is do you really care about cars and driving or do you just have the itch to show off or get validation? Ask yourself this question - if nobody knew you had this car would you still get it?
Judging from what you said it doesn't sound like you care much about cars but you do want to treat yourself to something, which is fair.
If i were in your shoes i would treat myself to something i actually enjoy and find valuable.
Also why jump directly from 10lakh car to 70 lakh. You can get a 20 lakh car and you'll feel a huge difference in quality.
Tldr; you can technically afford it but if you're not actually passionate about it don't but it for the sake of retail therapy or status
You should save up, BMW is not worth it.
Buy a Mustang instead. Everyone and their mom will be proud of you when they see you in your Mustang.
If you have no debt, decent net worth and property you should go for it mann won't get another life or another jawani
