Hi fishes, I need advise from the seniors in this group. I have 2.3 years of experience and I am making a switch next month. My new ctc is 13.5 (fixed + variable) lpa.
I want to buy a bike after moving to Bangalore worth Rs. 2.5 lacs (approx) with EMI.
Is it a good decision in terms of financial stability?
PS: I don't have any loans to repay.

Posting as :
works at
You are currently posting as works at

Do everything whatever your heart says even if it wrong. You are young, you have alot of time to rectify it .

like

🤝

Never take such financial advice from strangers. Discuss with your family and see what works for you.
But still I'd suggest you something. Most of the MNCs have soft loan and salary loan facility for employees. Salary loan is interest free and soft loan also has nominal interests. Like in Infy, soft loan is charged at 5% PA only.
So, instead of borrowing whole sum from a bank, try to get above loan from your employer. But do it only if you're looking for at least an year of commitment to the firm.

likesmart

That's something I came to today. Thank you!
Will definitely look for this opportunity in my next org.

like

Check with people who own luxury bikes. As far as I know, the maintenance of luxury bike is much more than the cost of the the bike. So think wise and weight all the factors like finances, obligations, plans of higher studies/marriage, tax planning etc. If possible connect with people who are part of biker circuit. They can help you get more clarity. Congratulations and all the very best buddy!

helpful

Thank you 🙂

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These days even activa costs a lakh. 2.5 lacs is ok. Just make sure you don't upgrade in the near future. Also god bless the other guy who think 2.5 lacs bike is a luxury bike. Aprilia sr 150 itself is some 1.6 lacs now.

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Yes bro, its honda highness cb350, not a luxury bike.

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