Hi All, i am currently doing wfh and have a package of 18 LPA Fixed. I dont have any dependent and responsibilities. I want to buy Kawasaki Ninja ZX10-R ( A bike) which cost around 18 Lakh. Can someone help in terms of financial planning that should i make this purchase or not ?

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Always separate the things that you need and what you want. If you have more money and don't know what to do with it, then go after your wants.

likesmart

👍

If you have financial backing then yea go ahead.
But if you don't then look for other options like get it on rent or lease, or look for some used imported bike.

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In case you are hell bent on buying this bike only despite knowing the fact that it's financially unwise, here is how you can go about it

1. Have atleast 30% of the cash ready.
2. Wait for a year and aggressively save your salary , and park about 50% of the monthly cash in a short term liquid fund. This will build the next 55-60% corpus considering the returns.
3. Rest 10% can be taken loan from family/friends where you have don't have to pay interest
4. Try if you can settle for a used bike, that should cut down the cost by 40-50%.
5. Try the test ride of several bikes which are slightly below that range, as there is a possibility that you would find value in those lowered price bikes. Even 10L bikes are all superbikes.

Hope this helps and may you get the amazing BHP & Torque you're looking. PS I am earning 25LPA and planning to buy CB350RS

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can you suggest some good short term liquid funds?

Always remember - Money will never ditch you and a man will always be judged with the money he has or earns. Can't say this about people( parents - only exemption) Always choose to spend your money wisely. I am not saying don't buy your Ninja, but think if can you adjust with a bike which costs somewhere around 60-65k, and the remaining money can be invested elsewhere. Vehicle is a depreciating asset, and money saved is money earned. Final call is obviously yours.

Instead of telling others what to do and what not to develop the ability to understand first and then houl. Recipient shld have a wise brain in order to understand wise thoughts. Option I gave you was not for you to buy it was to tell you that there are options just bcoz you dont want to exercise them that doesn't mean they are not there.Read your comment first and then argue. The best thing is that you don't and leave it the way it is.

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