My biggest financial regret is buying a used car after getting my first salary.

I moved to Hyderabad and felt this is a nice city to drive in I should go for it. Since I had kust moved there were not many trusted people to reach out to. Anyways I ended up finding a dealer and at some point he showed me a used car for 2l rupees, which I found appealing and thought let's drive around in this for atleast a year or 2. So I bought it!

Now starts the trouble, I shared the accomodation with a few people so didn't get a proper parking, so I parked the car right outside the fence of my building. Now crows shat everyday and a lot of dust starts gathering so had to aske caretaker of building to wash it daily for 500 per month.

Now I was a fanatic for driving and wanted to know the full capacity of the car so one fine Sunday I took it to ORR and raced it to it's too speed of 170 on a hot day. Since this car had done 70k kms already I shouldn't have pulled this off. Now what happened next was the cars engine got heating problem and stopped working intermittently. Now I'm spending on towing my car to safety every now and then each tow costs atleast 1500 bucks. When I took it to the service center they told it will be 1.8l for rebuilding the engine all together!! I towed it out of the service center and got it to a local mechanic who offered to do the job in 60k I thought okay the amount is high but I was desperate to believe it was gonna make it good.

As you might have thought it did get the car running but the mechaic used second hand parts here and there so there was not much reliability in them.

Now after the remake I took it to my home town about 700km and the damper pully broke enroute. Had to get it fixed next day otherwise the battery won't charge. This also got me to to pay towers about 1500/-.

Got the thing fixed for 8000 next day then car got us to my native and the sensor pump for coolant circulation broke. Another mishap thay caused me to spend 1000 on refilling the coolant and burning engine oil all the way back to Hyderabad.

Now, this was only the money part I can't talk about the stress it caused as being me the only guy to maintain the car.

Once I came back I realised that because battery was not charging for a day the alternator broke down and battery went to multiple complete discharges as I alternator was not working.

I got it checked and set me about 15 k for fixing the alternator and battery. Unfortunately I had a accident while climbing uphill once and ended up smashing the rear with a cab on road. No one was hurt, thankfully, and I had to pay that guy 10k for fixing the door right away. Plus fixing my taillight and dents so add 2k.

So all in all I ended up spending about 1l on the car in about 1 year of ownership and all the mounted frustration plus the car was not working all that great either. Something or the other broke every other day.

One service for oil and check up was around 10k because they found that wiring was broke and had to be replaced asap.

Now I'm irritated and frustrated so decided to sell the car, went to cars24 and they gave me 63k for it. At this time I also never received my transferrrd RC so had to apply for duplicate which deducted 3k from the 63 and I ended up spending ~3L for the car I drove 3kms in a year and sold it for 60k.

Total loss 2.4L down the drain. But lessons learnt:

Never impulse buy.

Be 110% confident before you step in.

Never trust any mechanic on face value.

Trust what you elder say.

Research more and more before you end up making any decision for investing.

Car is never an asset always a liability and it depriciates at rate x but you end up loosing 2x because of maintenance at this point.