Cars you should buy for your income

Here’s a smart and practical guide to which car you can afford based on your monthly income, starting from ₹10,000 up to ₹1,00,000 in ₹10,000 steps. This assumes:

You spend no more than 15–20% of your monthly income on EMI.

Loan tenure = 5 years, interest rate ≈ 9–10%.

Includes on-road price, not just ex-showroom.

Basic fuel & maintenance are not included but should be affordable within the remaining income.

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Monthly Income (₹) Approx. EMI Range (₹) Car Budget (On-road ₹) Suggested Car Models

10,000 Not advisable Not recommended Use public transport or bike

20,000 ₹3,000–₹4,000 ₹2–2.5 lakh (used car) Used Alto, WagonR (old gen)

30,000 ₹4,500–₹5,500 ₹3–3.5 lakh (used/new basic) Used Celerio, Alto K10

40,000 ₹6,000–₹7,500 ₹4–4.5 lakh Maruti Alto K10, Renault Kwid

50,000 ₹7,500–₹9,000 ₹5–5.5 lakh Maruti S-Presso, Hyundai Santro

60,000 ₹9,000–₹11,000 ₹6–6.5 lakh Maruti Celerio, Tata Tiago

70,000 ₹10,500–₹13,000 ₹7–7.5 lakh Tata Punch, Maruti WagonR, i10 Nios

80,000 ₹12,000–₹14,500 ₹8–8.5 lakh Maruti Baleno, Tata Altroz, i20 (lower variants)

90,000 ₹13,500–₹16,000 ₹9–9.5 lakh Maruti Fronx, Tata Tigor EV, Nexon Base

1,00,000 ₹15,000–₹18,000 ₹10–11 lakh Hyundai Venue, Kia Sonet, Nexon, Brezza base

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Notes:

If you already have EMI or rent, reduce the car budget accordingly.

Used cars are excellent options for incomes under ₹40,000.

Don’t forget insurance, fuel, maintenance, and repairs.

If you can wait and save for higher down payment, it reduces EMI pressure.

Would you like a visual chart or Google Sheet format for easy tracking or future planning?