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Hi guys, I've been a regular visitor to the forum,but decided to finally create an account today. It's always great to see a community of car lovers trying to help out each other. I need a small favour from you guys, and it would be great if you could help me out. One of the things on my bucket list is to buy a car by the time I turn 23, which I will be next year. I just managed to snag my first job a couple of months ago and I now want to somehow achieve my goal of owning a nice, decent car. As you might have guessed, I make a basic executive level salary (around 45k a month). I also have about 200k saved up, which I can use towards a down payment. My dilemma is as follows: 1. What would be a good car to buy? The criteria: Has A/C, Good engine, decent mileage, Looks okay, and doesn't cost a fortune to run and maintain. 2. In your opinion, what would be the best way to fund the purchase? The FinMin has this new Loan To Value limit of 70% on leases (thanks Ravi, VATman and dasher of dreams) which has been brought down to 50% through the new budget. On top of that, banks have age limits on cars, which also impact the amount they're willing to lend. Please help. Should I go for a car, or save up more (and use uber or our trusty tuk tuks to get around till then)? Your opinions would be really helpful. Thanks in advance!