You are paying more, not saving: CA Nitin Kaushik explains why 'affordable car' through EMI might be a trap

A ₹25,000 monthly car EMI over five years totals ₹15 lakh, but the real cost, including interest and depreciation, is significantly higher. This approach results in a wealth erosion of nearly ₹10 lakh, contrasting sharply with investing the same amount, which could grow to over ₹20 lakh.

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