u/Voodoo_Maama_Juju

Getting a 2020 Toyota Glanza V CVT (full option) for ₹7.1L, with 48,000 km on the odo, from a family friend. I personally know the car’s history, no accidents, fake readings, flood damage, etc.

I also test drove the new top-end Glanza AMT. It felt more premium and feature-loaded, but the AMT jerkiness was noticeable. On-road price comes to ₹11.92L.

The car will mostly be used on suburban roads with occasional highway drives by my father and brother. They’ve learned driving, but they’re still not very experienced.

Should I go for the used car considering they’re still beginner-ish drivers (due to higher chances of scratches)? Does saving ₹4L+ justify going for the older car despite the lack of newer features and premium feel? And is ₹7L+ too much for a 6 year old car?

Growing up, owning a car was the ultimate dream for me. Now I’m finally ready to get one, but I want to be financially responsible. Here is my breakdown:

• Monthly In-hand: ₹1.77L
• Education Loan EMI: ₹47,000 (I’ll start paying this from next year)
• Rent & Expenses: ₹50,000

Context: No major life expenses (marriage, etc.) for at least 2 years. Even then, I plan on a very simple ceremony.

I’m left with 80k, but I need to factor in fuel, insurance, maintenance, and investments. What is the maximum I should safely spend on a car EMI without overextending?

I’m relatively new to workforce, and haven’t done any big purchases yet (except for my overpriced education). Would love the advice from experienced people.

Used Glanza V CVT vs New Glanza AMT for beginner drivers — which makes more sense?

Buying my first car, but have a heavy Education Loan. What’s a safe EMI?