My advice shall be counterintuitive to your desire and wisdom.

I never recommend a car until or unless it adds value to your business or earning potential.A car is depreciating asset.I recommend you are car only when you can buy it with 10% of total cash available.I always advise against loans.

What are some tips for the person who starts using money?

What are some of the best life tips?

With your income , I advise you to buy a car after 5 years and that too in cash.Sorry i destroyed your hopes.I personally use Ola and Uber extensively.

PS : My calculations prove that a car more than 20% of your annual income or 30% of total savings retards your goal of attaining financial freedom by at least 10 years.

Why do we buy a car on loan ?

  • Top reasons of youth is
    • Social pressure
    • Flaunt value
    • Girlfriend pressure
    • Comfort

I guess when ever you are in trouble none of above stays with you.Possible exceptions are generating social value so that it helps in advancement of your career.Else Ola is good enough. And yes change that financially challenged girl friend soon.

I know my advise is counterintuitive but backed by solid mathematics and financial research on compound interest and its effects.

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Source: How much should I spend on car in India bearing in mind the financial details mentioned below?