An investment of 17lakhs carries an interest of 17000per month(@12%) which totalled upto 205000 per year.*

A car of 17 lakhs fetches a resale amount of 4lakhs after 5 years i.e a capital loss of 13 laks which translates into 260000 per year.

A 17 lakh car shall give a maintenance service bill of around 17000 twice per year,or 34000 per year.(if run for 1500kms per month for 5years).

A 17 lakh car's insurance per year shall be around 11000 per year.( 3rd years insurance amount taken as average for all 5years).

The total expenditure on an average was 205000+260000+34000+11000=510000 per year. Or around 42000 per month plus fuel expenses. Only when I knew, I was comfortable with this figure for the next 5years, did I go ahead with the purchase.

This is the way i calculated, i felt i was more or less near the real picture? (if not the accurate picture). **