Dilemma: Thinking Of Buying A BMW, But Feel Guilty

I’m in my early 40s, married with kids. I've been a car nut all my life but I've never splurged. The cars I’ve owned have been reliable mass brands like Honda. Lately, I’ve been tempted to upgrade to a BMW EV priced at a little over Rs. 50 lakh.

I believe I can afford it. My wife and I have a net worth exceeding Rs. 30 crore, no debt, and a household income of about Rs. 80 lakh per annum. My reasoning is that this is the perfect time to enjoy a car like this. By the time I’m in my 50s or 60s, the excitement may not feel the same. Plus, my young kids would love it too.

That said, I feel guilty about making this purchase. My parents, despite being able to afford much more, drive that costs less than Rs. 15 lakh, as do many of my wealthy/ successful relatives. I worry about being judged as being a spendthrift.

What do you guys think?

Edit: Many of you have asked how I arrived at this NW number: A lot of my NW is inherited, although my wife and I have been savvy at investing. This is also probably why I'm a bit guilty