New Delhi, June 26 -- Buying a Rs.20 lakh car is financially comfortable for a Bengaluru-based professional earning Rs.30 lakh a year, but paying the full amount from savings may not be the wisest move, according to ChatGPT. After analysing a detailed financial profile and comparing a full cash purchase with a five-year car loan, the AI concluded that financing the purchase with a Rs.5 lakh down payment is the more rational option.

While it involves paying some interest, it preserves liquidity, keeps investments intact and offers greater long-term financial flexibility. ChatGPT also estimated that owning the vehicle could cost nearly Rs.50 lakh over a decade after accounting for fuel, insurance, servicing, depreciation and other running ...