Posted by: sajhamitra January 22, 2020
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I see lot of Nepalese buy brand new expensive vehicle just to show off even if they don't need it and even they couldn't afford it.
My suggestion for all those young people who are just starting off your career is to invest and buy used car. You are really missing the golden opportunity as stock market is all the time. Why do you want to throw away your money into depreciating asset like Car?
Just buy used car which you can afford and invest the rest.
Also, never lease! You will be wasting tons of money. Do the math. You will be paying lot more interest when you lease. I would consider buying 60K mercedes only if I have net asset of 1M+.
My suggestion for all those young people who are just starting off your career is to invest and buy used car. You are really missing the golden opportunity as stock market is all the time. Why do you want to throw away your money into depreciating asset like Car?
Just buy used car which you can afford and invest the rest.
Also, never lease! You will be wasting tons of money. Do the math. You will be paying lot more interest when you lease. I would consider buying 60K mercedes only if I have net asset of 1M+.