BQPortfolio: Can Amit Kundal Buy A Pre-Owned BMW X3 In Two Years?

BQPortfolio speaks to citizens from across India about their financial goals and helps them access expert advice on how to achieve them.

For many, buying a car is more than just a transaction. It is the fulfillment of a long held dream, an aspiration. Mumbai’s Amit Kundal has long dreamt of owning a luxury car BMW X3. Kundal, who is in his early 30s and earns an annual income of Rs 30 lakh, has finally decided that he wants to buy a pre-owned car two years from now, and estimates that he will need a little over Rs 20 lakh to do so.

On this episode of BQPortfolio, Kartik Jhaveri, director at Transcend Consulting, helps Kundal with a simple formula that will enable him to buy the car and save some money.