Many people have a goal of owning an automobile, but doing so is expensive. The Maruti Suzuki Brezza was the best-selling SUV in July. Today, SUVs are becoming more popular. Consider the following scenario: You wish to purchase a Maruti Brezza and you are a working person. But do you know what your annual salary should be in order to purchase a Maruti Brezza? You must first be familiar with a widely used formula in the banking industry in order to comprehend this.
Spend no more than half your yearly salary
The rule of thumb for creating a budget for a new car purchase is to not spend more than half of your annual salary on a vehicle. Always keep in mind that this is for your own good. If your annual income is Rs. 20 lakh, you shouldn’t spend more than Rs. 10 lakh on a vehicle. A budget of up to 15 lakh rupees can be created if you earn 30 lakh rupees annually. The cost of the inexpensive vehicle should be this.
What salary is required to purchase a Maruti Brezza?
Maruti Brezza’s base model costs Rs 8.29 lakh (ex-showroom), which translates to almost $9.36 lakh when driven. If the aforementioned calculation is used in this circumstance, the person’s annual income must be at least Rs 18.72 lakh in order to purchase the Maruti Brezza base model.
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