Is it ok to buy a vehicle via an equated monthly installment (EMI)?

Is it ok to buy something via an equated monthly installment (EMI)? For example, I am planning to buy a vehicle which is of cost around 50,000(INR). If I can't afford 50,000 outright, I have other option to buy a vehicle but EMI (paying monthly installments like 2,000(INR)) An equated monthly installment (EMI) is defined by Investopedia as: > "A fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month, so that over a specified number of years, the loan is paid off in full." You can read full detail on [Wikipedia](https://en.wikipedia.org/wiki/Equated_monthly_installment) .