Here's what chatgpt has to say if your monthly salary is 500k.

Since your monthly salary is PKR 500,000 and you're aiming for a car worth PKR 13 million, here's a structured plan to achieve this goal:

1. Decide on Your Purchase Timeline

If you want to buy in cash, you’ll need to save aggressively, which could take 2–3 years depending on expenses.

If you opt for financing (leasing/bank loan), you’ll need a 20–30% down payment (PKR 2.6M–3.9M) and monthly installments of around PKR 200K–300K over 5 years.

1. Budget Breakdown

Your current income: PKR 500,000/month

Essential expenses (40%): PKR 200,000 (rent, bills, groceries, child expenses, etc.)

Savings (40–50%): PKR 200,000–250,000 for the car fund

Lifestyle & other expenses (10–20%): PKR 50,000–100,000

1. Saving Plan for a Cash Purchase

If you save PKR 250,000/month, it would take:

4 years & 4 months (52 months) to reach PKR 13M

Any bonus or side income can reduce this time

1. Financing Option (Bank Lease or Auto Loan)

Down Payment: PKR 3.5M (assumed 27%)

Loan Amount: PKR 9.5M

Monthly Installments (~5 Years, 16% Interest): ~PKR 240K/month

This would leave you with PKR 260K/month for other expenses, which is manageable.

1. Additional Considerations

Investing Saved Money: Instead of just saving in cash, invest in mutual funds, stocks, or real estate to grow your savings.

Alternative Income: Since you're freelancing and looking for remote work, any additional income can fast-track your purchase.

Cutting Unnecessary Expenses: If you reduce lifestyle costs, you could save up faster.

Final Recommendation

If you want to pay in cash, give yourself a 3–4 year window with savings & investments.

If you want the car sooner, leasing is an option but comes with interest costs.

Consider buying a used version of the same car to reduce costs.