My salary is Rs. 18000 per month. Should I buy a car on EMI which will cost me Rs. 407000 on the road?
Definitely not.Strict No.. Buy a bike and start saving money for your car. When you have 6 lakh cash for a car, 1 lakh cash for emergency backup, have a medical insurance of 5lakh for all family members, only then buy a car.Your monthly income does not matter. After spending all monthly expenditure, and after investing 12500 every month for retirement savings, if you are left with 4000rs for petrol, 2000rs to save for yearly car insurance, 1000 for car service and other repairs.Then buy a car..Car is expensive to maintain. Mind it.I have given a very overwhelming calculation, which actually is too much for an alto k10.But, there is a general rule.. spend max 50% of your yearly salary on purchasing a car..So if you buy a 5 lakg rupee car, your salary must be above 10 lakh an year.This is a strong financial advice. Considering there is no medical reason for you to buy a car.If car is very important for you, buy a second hand maruti car costing less than 1.5 lakh and must not have clocked more than 60,000 kmsDo not think that i am scaring you.. i have seen many regretting after a car purchase..
Which is the best bicycle for a beginner in India?
I was in a limbo a couple months back. Did not want to spend too much of a high end bike, as I wasn’t sure about how long my enthusiasm would last. So thought of buying the cheapest possible bike and ride it for a while before upgrading to a high end bike.My criteria was -Minimum 7-speed gear setA hybrid (did not want the MTB tyres on the bike)Decent looking bikeLowest possible budget.After a lot of research and wait i Zeroed down on BSA MACH CITY iBike. It has a seven speed gear, hybrid like tyres, looks really sexy and for a budget of Rs.7000 only! I dont think you will get a similar deal in any other brand. I’ve been riding it for more than a month and the fun keeps increasing. Have a look at it here iBike 7 Speedp.s. they have now introduced a 21 speed bike at just a couple of grands more which I think is a great deal.Happy riding!
How much minimum down payment is required to buy a bike?
Well the min amount I have seen is around 10k but the finance gets increased the lesser amount the more the interest and the duration of payment….
Which is best for second hand bike?
Hero Honda splendor plus, still boast a number 1 position. Reliable, sturdy, good in mileages and resale. IMHOYour questions is incomplete, try to be elaborate questions.Here I got comment, someone asked me, dear quorans , who’er are following this please suggest him as well“Daily riding and touring , comfort(bcoz: I'm 6′1) and also less maintainence plz suggest me right bike which will suits in all categories..”Take any bike that you sit and have your feets on your ground not bending your knees too much, IMHO these will suits for taller guys, mid ranged these wlll give you 35–55 KMPLBajaj pulsar 220f, 220 cc, produces 21 bhp @ 8,500 rpm, proven one of the best sporty bikesSuzuki gixxer-150 CC , Good mileage, great comfortsApache rtr 200-power full proven engine 195cc, powerful sporty bikesHero hunk, 150 CC, long seatsHero Karizma, 223 CC 20 bhp @ 8000 rpm, one of my favorites for long drive great comforts and you know much, easy availability of parts
Should I buy a new bike or second hand bike?
Buy a used bike in the following scenarios-You don't know to ride a bike.If you're yet to learn how to ride, then there are good chances that you might fall or scrape things. Even if not, you will use the clutch-gear-accelerator in wrong way. Which will harm the bike and its engine.2. You have budget constraints.Do remember that in most cases- more you pay, better you get. But since that is the constraint, it's better to go for the used one if you really need one. Try to buy less used and relatively new bike. Buy a bike with less cc which is cheaper to buy, own and maintain. But bear in mind that used bike will need frequent visit to service station compared to new.3. You're not going to use it for more than 2 years.Time flies. So does 2 years. New bike value will depreciate a lot in the initial years. So it makes sense of buy a used bike in this case and sell it later at little lesser amount.4. You are getting a really good deal on a used bike.If you are finding a great deal from your friend/family on the used vehicle then you can consider provided- you know the bike, is relatively new, is in good condition and you like that bike.In other good cases- Buy a new bike.Why?Price difference between used and new bike is less unlike cars.You have the freedom to choose the model you love. That is too in the color you like!For the extra money you pay- you get the peace of mind. You don't need to worry about the previous ownership, defects… Etc. Even if the new bike has any fault it will be repaired free of cost.New bike will have better brakes, better stability, planted tyres, better suspensions and new technologies. Which will save you in panic situations. On road any thing can happen. And you know- safety is above all. What's the point, if you save 30k and spend 30k at hospital.New bike feel. It's pleasure- to go and bring a new bike from showroom, to ride on a smooth engine and to flaunt to your friends ;)If you don't look back at your bike after you park it, you've bought the wrong bike. Fact!