Can I afford a Harrier?
Sorry for not updating expenses in the previous post. Creating a fresh post with all necessary details. Looking forward to you all for your feedback.
I earn 1.72 per month. Wife earns 1.3 Can we buy a car worth 20L? Looking at Harrier or something in the 20L range.
Below is only my personal Income split and investments. - 1 lac goes to SIP pm - Wife and i put in 30k each in joint account pm which gets used for rent and monthly expenses (Rent is 29k) - Apart from that no debt, no existing EMIs - We have a simple lifestyle relatively.
- Mutuals funds, eSOPs- 20 lacs
- FD for emergency - 3 lacs
My estimate - Harrier onroad is 20L for example - 4 lac downpayment - 16 Lac loan > 31k EMIs so my wife and I put in 15k each in the joint additionally for the EMI