CA warns costly mistakes to avoid after final car EMI

Chartered Accountant Nitin Kaushik warns that clearing a car loan is not the finish line but the start of key financial decisions. He says borrowers must apply to remove hypothecation at the RTO within 90 days of the NOC, trim insurance to match depreciated value, and invest freed-up EMI rather than let it fuel lifestyle creep. He also advises building a maintenance reserve and avoiding an immediate upgrade.