New Car vs Used Car Purchase decision
4 years into marraige and now i have 1 year old, my wife is after me to buy a family car.
Issue is, i find it as depreciating asset, given the mumbai traffic, and one a month weekend long drive with the kid, i dont find worth is to block in 8 L + yearly recurring expenses. plus if i buy a basic car, it will become a matter of prestiege within the family that i lack money.
Not sure how to handle this, plus hiring a car for weekend easily cost me 8k + fuel + toll, which my mind would not allow me to spend here as well.
Please note, currently i am single earner, i dont have rent or any emi, staying in an decent locality as well, but monthly expenses are quite in control.
I own a bike...200 cc, but its difficult to go around that for longer distance with the kid and wife.
So please help me with this deliema ?