New Delhi, Oct. 24 -- UPSC educator Amit Kilhor has challenged the popular financial advice against buying cars on the grounds that they are depreciating assets, arguing that automobiles should be viewed as functional purchases rather than investments.

He has advised people earning more than Rs.1 lakh a month to consider buying a car, claiming that owning one could save between 250 and 700 hours annually by reducing time spent on commuting.

Kilhor shared his views in response to an X post by user Suraj Kumar Talreja, who said he would never take a car loan because vehicles lose value over time, while interest payments, fuel, insurance and maintenance add to the financial burden.

Talreja mentioned that car purchases should be driven by ...