New Delhi, Oct. 13 -- A Redditor narrated a strange phenomenon prevalent nowadays about those with Rs.1.4 lakh to Rs.2 lakh monthly income making downpayment to buy Mercedes car worth Rs.60 lakh to Rs.80 lakh. This purchase caught his attention which suggested that individuals made down payment of Rs.7 lakh to Rs.9 lakh and financed the rest through loans.

The caption to the post states, "People are buying Rs.70-80L Mercedes cars with Rs.2L salaries. Have they completely lost it?"

Describing how individuals are making such big purchase with minimal salaries, he said, "Went to a Mercedes showroom yesterday. The sales execs were telling me stories about how people with salaries of Rs.1.4L- Rs.2L are buying cars worth Rs.60-80L - with down...