For the past two months, I’d been planning to buy a car. I did a lot of research and was initially set on getting an Alto for around ₹6 lakh. But when I mentioned it to my colleagues, they laughed and mocked me. I even made a post about it here.
After that, I started looking at other options—i20, Venue, Sonet, Kushaq, Slavia, Elevate, City, and finally the Kia Seltos.
I really liked the Seltos, and that feeling got reinforced when I went for a test drive with the girl I was dating—she loved it too.
One thing led to another, and I ended up buying the Seltos last week for ₹20 lakh. I could only put down ₹4 lakh, so I took a loan of ₹16 lakh for 7 years.
The EMI is ₹25K per month.
For the first week, I was really happy driving it. But now it’s hitting me—I’ve committed to a 7-year loan with a ₹25K EMI.
I almost had a panic attack thinking about it. What if I lose my job? What if I need money for an emergency?
Every time I drive the car, I enjoy it. But at the same time, I can’t stop thinking about the loan. The EMI is more than 25% of my monthly salary.
I guess this is what buyer’s remorse feels like. I just don’t know how to deal with it.
