The Economic Times

'Rs 15 lakh car is not really a Rs 15 lakh decision': CA shares a financial checklist most buyers skip

CA Nitin Kaushik says buying a car requires looking beyond the sticker price and EMI. Buyers should calculate the on-road cost, down payment, insurance, fuel, maintenance and total loan interest. He advises comparing loan and insurance options, protecting emergency savings and stress-testing affordability. A bank-approved car may still strain finances, so the right choice should not compromise other financial goals.