I think you could anyways buy a BMW / Merc / Audi later on in life, especially if you are moving back to India upon graduation. Keep the Germans for the time when you start greying. Under-grad years are one of the best periods of life, lucky you for being able to buy a 50K car to go to college.
What I'd suggest? The Corvette. Maximum bang for the buck and surprisingly practical too. Plus, you wouldn't ever be short of a date for those wild weekend parties.
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