What’s your salary? Is it on EMI?
1.75cr yearly income, 40L car, and paid in half for a 23L car ( rest by father)
Nothing in EMI, paid loan of 1st car in 1 year (17L), nothing for the second
Rich dad
18L downpayment 13L loan EMI:40k Salary:23L
So how am I doing this.. Simple.. I have a working wife.. She is earning in same range as me.. We both pay 20k each, whatever variable we get we throw it in loan repayment We would pay the loan by 2024
If you decide to go for EMI then it’s easy to purchase 30-50 lakh car if you’re salary is 50-80 lpa; the EMI is not too high if you go with 10-20 lakhs down payment.
CTO / engg manager ?
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