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Money Saving Tips: Buying a car is not a very difficult task these days. If you are a working person then you can easily buy a car by taking a loan. However, not every working person can afford a car because other EMIs and household expenses sometimes do not allow a person to afford it. But, if your salary is Rs 50 thousand, then is buying a car considered a right option?

Such a question often comes to the mind of many people. However, buying a car is not limited to just buying one. Apart from this, there are many other expenses on the car. Is it right to buy a new car at this salary or will traveling by public transport be a wise decision?

If you really want to know whether you should buy a car if you have a salary of Rs 50 thousand or not. So in such a situation, first you need to increase your salary a little more. By increasing your salary, you can save some more money, thereby making yourself financially free. Actually, car is a depreciating thing, it would not be right to spend more money on it. If you buy a car worth Rs 8 to 9 lakh with a salary of Rs 50 thousand, then you will have to pay EMI of Rs 15 to 20 thousand every month. With this, 30 to 40 percent of your salary will be spent only here.

A wise decision would be to take the help of metro or other public transport for some time. This will save your money and will not put much burden on your pocket. However, if you wish, you can take an old car to fulfill your hobby. In metro you will be able to easily settle your expenses within Rs 3 to 4 thousand, which is much less than the expenses of a car.