Which car will be best for people with salary of Rs 40,000? If a wrong decision is costly then the entire budget can be spoiled.

Best 40000 Salary Car: Now cars are not just a hobby but have become a necessity for people. Whether one wants to go to office, go on a family trip or want to make everyday travel easier, people think of buying a car for all these things. But if your salary is around Rs 40,000 per month, then it will be important for you to take a wise decision before buying a car. If you choose the wrong car in a hurry, then EMI, petrol and maintenance expenses can be heavy on your pocket.

Regarding this, experts believe that more than 15 to 20% of the monthly salary should not go towards car EMI. In such a situation, a car with EMI of Rs 7,000 to Rs 10,000 will be a safe option for a person earning Rs 40,000.

These cars can become a great option in the budget

If you are among those people who are buying a car for the first time, then the hatchback segment will be the best option for you because it gives good mileage and the maintenance cost is also low. If we look at the list, cars like Maruti Suzuki WagonR, Maruti Suzuki Swift and Hyundai Grand i10 Nios are good options for people with a salary of Rs 40,000. If we look at the features, they have the benefit of better mileage, low service cost and easy EMI. Apart from this, if your daily run is more then buying a CNG model can be an even more profitable deal. Due to which your monthly expenditure on fuel will also reduce.

Second hand car can also be wise

In today’s time, it has also been seen that people are preferring to buy a certified second hand car instead of a new car. Which gives both better models and features in low budget. In such a situation, if you do not want much financial pressure in a salary of Rs 40,000, then buying a good condition second hand car can be a wise decision. Because both its down payment and EMI are low.

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Keep in mind not only EMI but also these expenses

While buying a car, many people buy the car just by looking at the EMI but later the petrol, insurance, service and parking expenses increase their tension. In such a situation, make a complete monthly budget before buying a car. Which will give you an idea of ​​the expenses. At the same time, let us tell you that if your income is stable and you are also saving, then it would be right to take a car loan. Otherwise, a hasty decision may prove costly later.