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With ₹30 LPA salary, should you buy a luxury car worth ₹50 lakh? EMI maths explained
Mint 1 hr ago·29 Sept 2026, 2:50 pm
A high salary often creates a false sense of financial security, making big-ticket purchases like luxury cars seem easy to afford. However, the monthly Equated Monthly Installment (EMI) is only part of the cost. You must also factor in insurance, maintenance, and fuel, which can significantly impact your monthly budget.
For an investor with a ₹30 lakh annual package, a ₹50 lakh car might consume a large portion of their disposable income. This reduces the funds available for other investments or emergency savings. It is crucial to calculate the total cost of ownership before committing to a purchase.
Investors should prioritize building a strong financial foundation. If buying a luxury car means compromising on your investment portfolio or emergency fund, it is advisable to wait. Focus on long-term wealth creation rather than immediate status symbols.
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