Updated: Jul 10, 2018
Your decision is your choice and do not miss opportunity of taking a bit time
Consider before buying loan
Buying vehicle either through loan or without loan.
Buying in cash
You may explore option buying reasonably old vehicle that you may buy with cash.
Interests on loan
Consider the interest free loan or borrowing kind of option if you have available in the market. You can always negotiate with dealer for such offer.
Luxury vs Liability
You can buy very expensive vehicle which does not allow to do many other things including extra cup of coffee you used to buy when you did not have vehicle. So, liability is big factor to consider by weighing your income vs affordability and needs vs nice to have it. You bought an expensive vehicle and in few months you realized that the system is not good, is it over tech savvy which did not need or taking too much gas due to high power and so on.
Do good market research and focus on negative reviews of vehicles to get insight into which potentially you may face problem in the future.
This personal things matter and emotion plays big important role. Today you liked one thing so much that you realized in the week or so, you hate it down to the bottom. Our mind are creative and always begin calibration by seeing new things; so point, let it stabilize to reach to the ultimate state where you have done all and no other option left than you chose it.
Buying vs Leasing
Before buying an expensive vehicle or things; try it out with either old vehicle or with leasing for short term contract. You learn things on short term trial and you may get another best idea that may allow you to do what you never thought about it.
Create your priority list and scan through multiple time until coming to optimum conclusion on taking any debt related decisions. Vehicle or furniture may not be your priority; but your priority may be to focus on education or you can make difference thousands time what you are going to enjoy yourself. So look at big picture and take your decisions.