So, inevitably, people count their EMI rather than their savings. Being eligible for a loan is so exciting for us, we don't even realize that we are working for the bank in addition to our jobs.
Consider the man who takes a loan for a sbk. His thoughts usually run like this :
1. I can afford the EMI. (He doesn't ask himself, how can I use this money to make more money? Improve my family's condition?)
2. I'm getting older. So, need a bike to reclaim my youth. ( Doesn't want to get fit, instead believes biking will bring back college days memories. Isn't aware of 50+ aged bikers, or athletes.)
3. Later I may not be able to save money. Due to parents old age, and children's expenses. ( Doesn't realise that if I save money now, later I'll have much more).
4. All the above points will force the poor man into a 'now or never!' situation, and he will rush to the bank to get a loan for his dream bike.
We all know what's happening next. More you ride the bike, more expenses. Tension while riding, tension while servicing. Even the CBR 650 crossing 18,000 Kms would have cost the owner atleast ₹50,000 in service and maintenance overall. Not a small amount for a salaried guy.
The fun part reduces after a year.
No time to ride, as you have to work harder to pay the EMI. All the YOLO, Follow Your Dreams statements start peeling off, and you realize that bills also have the ability to follow you around.
Final nail, is a financial difficulty in one form or the other. The bike isn't earning money, and the pleasure of hitting 200 kmph on the local street has waned.
Note: This doesn't apply to business guys who have 5L+ income a month. Often they would have 2 or three sources of income, a house which isn't on a loan, and dont need a loan for a bike either.





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