How much should a student plan for a down payment on a used car?

When planning a down payment on a used car, Indian students should save enough to put down at least 10-20% if possible. Coming up with that much cash isn't easy on a student's budget, but even saving several thousand rupees or more can make financing the rest of the car much more affordable.

Keep in mind that in addition to the down payment, you'll also have taxes and fees at purchase time, which can add several thousand rupees to your overall cost. So be prepared for that as well. The best thing students can do is start saving whatever they can, even small amounts over time, for a future used car purchase. Track expenses diligently and trim non-necessities whenever possible. Make an achievable savings goal and work towards it consistently.

With proper preparation and a responsible mindset, students can save for and finance a reliable used car. This transportation helps them access more job opportunities, increasing their earning potential.