A car within 1.5 lacs to drive to college? Throw practicality out of the window and get yourself a Gypsy, look ultra cool and go for nice long drives with beautiful women. On the weekends, you must try your hand at off-roading.
You could also get a nice Jeep in that price band too, but it won't be as trouble-free / easy to maintain as the Gypsy. Search around the forums, you will see lots of tips on buying Gypsies and Jeeps.
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