Buying A New Car in India? - Make Right Budget First | Financial Planning

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  • Опубліковано 26 чер 2024
  • A financial perspective on how to buy a car in India. Buying a car is not a binary decision. But if we take care of few points, we can take care of our finances as well as enjoy the benefits of a car.
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    Time Stamps
    00:00 Introduction
    01:45 Depreciation of a Vehicle
    02:25 Interest Cost
    03:40 Fuel type and life of Car
    05:40 Important Points to remember while buying a Car
    06:20 How to buy a Vehicle?
    07:58 Why you should not Buy a Car?
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    Share this Video:
    • Buying A New Car in In...
    इंडिया में कार वित्तीय दृष्टिकोण से कैसे खरीदी जा सकती है। कार खरीदना एक बाइनरी डिसिशन नहीं है। लेकिन अगर हम कुछ बिंदुओं का ध्यान रखते हैं, तो हम अपने फिननेस का ध्यान रखते हुए कार के फयदों का आनंद भी ले सकते हैं।
    Subscribe To Our Channel and Get More Finance Tips:
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    In this video, we have explained:
    Which important factors you should keep in mind from a financial perspective before you buy a car in India?
    How to get the best out of buying a car in India?
    What is the average depreciation of car?
    Which factors you should consider before buying a car?
    How to compare petrol, diesel, CNG car before buying?
    How maintenance cost should be taken into consideration before investing in a car?
    Why should you consider the cost of fuel, cost of maintenance and insurance in your car buying decision?
    Why should you go for the used car?
    Is buying a car value for money or should you go for public transport instead?
    How you will determine if you are losing money or getting the most out of your investment while buying a car? This is what exactly we will try to understand and get into the most common but most important points that we often miss to consider before we make the decision to buy a car.
    Make sure to Like and Share this video.
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    Hope you liked this video about “How To Buy A Car In India”.
    #financialplanning #carbuyingtips #newcar
  • Навчання та стиль

КОМЕНТАРІ • 3 тис.

  • @AssetYogi
    @AssetYogi  9 місяців тому +4

    Join All-In-One Video Finance App here: vidfin.com/
    Enjoy Free Access to select Financial Insights & 1st Chapter of all the courses.

  • @sudhirchillar1250
    @sudhirchillar1250 4 роки тому +65

    I purchased a Tata nano in 2012 and I am enjoying.

  • @RaviSingh-fv4sh
    @RaviSingh-fv4sh 4 роки тому +398

    Disclaimer: This video is not for rich peoples.

    • @tarangraval38
      @tarangraval38 4 роки тому +31

      better I say it's for a Smarter People...

    • @rishabhsingh2368
      @rishabhsingh2368 4 роки тому +7

      Google user jyada dimag mat laga warna khatam ho jayega. Tumhare jaiso KE liye nahi hai

    • @samirocks6166
      @samirocks6166 3 роки тому +5

      Yes you are right. They allready know this thinks. That's why they are rich.

    • @vinaya2084
      @vinaya2084 3 роки тому +1

      This is Truth. It is for everyone

    • @brijbhanyadav8013
      @brijbhanyadav8013 3 роки тому

      Absolutely right.... brother

  • @neerajjainification
    @neerajjainification 3 роки тому +95

    If u can afford ,just go and buy car whichever u want , go with family and friends live life when u r young,, u can save money , but u cant buy life and time with that money

    • @NOBNOOBYNOOB.
      @NOBNOOBYNOOB. 3 роки тому +2

      You can save money but you cant buy life and time with that money wow just wow

    • @sunilsarvankar8264
      @sunilsarvankar8264 3 роки тому +1

      👌👌👌

    • @56KaRaja
      @56KaRaja 3 роки тому +1

      I lobe you bro foh this

  • @gsr8553
    @gsr8553 5 років тому +630

    I bought a car 3 years ago and it was and still is one of the greatest joys of my life. I had so many rides with my friends, family. When It was too sunny during summers it protected me from heat during travel, also in rains. I enjoy driving every moment of it whether in traffic or on scenic roads..listening to my fav music. ... the same goes for my bike....I love my bike equally and its 11 years old...It has been with me thru good and bad times......my comment will only be understood by someone who truly loves his/her car or bike . So its not wrong to own a car (or a bike) whether its monetary value is depreciated or not. Its emotional value for owner always keeps on growing......

    • @rajendrakumarbarik4253
      @rajendrakumarbarik4253 5 років тому +10

      Right bro

    • @ashishtrivedi8253
      @ashishtrivedi8253 5 років тому +64

      Exactly! You can't calculate moral values. Besides is duniya main aaye hai tho maze karna bhi tho banta hai.

    • @patrikarakshay
      @patrikarakshay 5 років тому +27

      You are correct ...but the video is more about how to make a prudent decision while buying vehicle ...we love the vehicle becos of memories associated not becos it's a costly one

    • @kchandrakant50
      @kchandrakant50 5 років тому +12

      Very true. Each & every thing can not be calculated on monetary value basis.

    • @gauravrana8115
      @gauravrana8115 5 років тому

      Bhai Ola kar lete

  • @AskCarGuru
    @AskCarGuru 5 років тому +1566

    One of the best content.. Great

    • @rahulmukesh4235
      @rahulmukesh4235 5 років тому +29

      Hello Amit sir aap yanhan v... Sir aap dono milke 1 is tarah ka banaiye jyada maza aayega... Wel nice to see u here

    • @parthpatel7758
      @parthpatel7758 5 років тому +11

      Dono milke banao video

    • @mayursalvi957
      @mayursalvi957 5 років тому +13

      Aap bhi acha content dala karo..

    • @dhritu
      @dhritu 5 років тому +2

      Hello Amit sir , I am big fan of yours

    • @bharatdeveloping2907
      @bharatdeveloping2907 5 років тому +1

      Ask CarGuru best . ye ji

  • @AjaySingh.8486
    @AjaySingh.8486 3 роки тому +68

    सुख के लिए संसाधन है।
    सुख जिसमे महसूस हो वो करो।
    सब यहीं रह जाएगा...कैश फार ऐश

  • @sumeetsamy
    @sumeetsamy 4 роки тому +143

    May be the Intent was right considering growing environment problems But Calculations are all wrong .
    1. You Didn't Consider Inflation
    2. The 2Lakhs value will be only be taken into consideration if you are buying CAR with 100% Cash
    3. In case of Loan the 2 Lakh is an Virtual Value . Only the Interest on Principal Amount shall be considered. As we are not paying from our pocket. Interest will be the cost .
    4. Today the Interest Rate for Car has gone down to 8.4% p.a.
    5. People buy car on loan because they don't have cash. So the point of saving doesn't come into picture.
    6. You have considered a very high yield rate of 12% .
    It is possible only if compounding.
    7. No one will wait 25 years to enjoy the earnings.
    After 25 years .
    8. After 25 years the inflated value of 2 lakhs will be equivalent to 25 lakhs.
    9. Income will also increase over the years.
    10. To save penny why one would wait 25 years?
    11. We cannot rely on Cab drivers.
    12. Personal Trips within 400 Km will cost 10 times more with Private Cabs .
    13. Car is absolute value for money if it is below 7.5 lakhs and if used for atleast above 1,00,000km

    • @deepakkumarDPKreal
      @deepakkumarDPKreal 2 роки тому +1

      Asset Yogi is turning into a clickbait channel

    • @pravinnimje677
      @pravinnimje677 2 роки тому +1

      Status is also matter why we live beggers life

    • @sktsinghal
      @sktsinghal 2 роки тому

      I agree with you bro

    • @sktsinghal
      @sktsinghal 2 роки тому +1

      Especially now in COVID times personal vehicle becomes a must have.

    • @dineshbugalia7297
      @dineshbugalia7297 Рік тому

      Bang on points

  • @drsktiwari5166
    @drsktiwari5166 5 років тому +632

    वाह। आपने तो झूठी शान दिखाने वालों की आंखें ही खोल दीं ।
    आपके सुझाव बहुत ही अच्छे एवं अमल करने योग्य हैं।

    • @AssetYogi
      @AssetYogi  5 років тому +13

      धन्यवाद Sunil 😊

    • @shwetapandey5924
      @shwetapandey5924 4 роки тому +4

      Kya phark pdta he paise ki Kami he kya

    • @vitalsweat2231
      @vitalsweat2231 4 роки тому +20

      @@shwetapandey5924 paiso ka pata nahi but malnutrition ,starvation ,poverty and famale foeticide ki to koi kami na he...help them just a bit too ...🤗

    • @novaprime1166
      @novaprime1166 4 роки тому +1

      Tivaravadi

    • @advaakibkhan5996
      @advaakibkhan5996 4 роки тому +9

      Focus on earn money then saving

  • @beingreminiscent9956
    @beingreminiscent9956 5 років тому +660

    Sometimes we need to give preference to our dreams irrespective of profit and loss...

    • @laxmikantmunde1619
      @laxmikantmunde1619 4 роки тому +71

      Old Memories Forever .. yes I do think same !! I mean we can’t compare our dream car with money . If we think so much about saving then we can’t even buy a bike too 👍🏻

    • @dropagear6050
      @dropagear6050 4 роки тому +19

      Shi bt kbhi kbhi profit loss se upr sochna pdta h

    • @omkaringale6349
      @omkaringale6349 3 роки тому +16

      Life is one time give dreams people

    • @sunil36391
      @sunil36391 3 роки тому +18

      You are absolutely right. He is giving financial percepective. Important is what you are considering. If you are considering lifestyle and dreams this video is not useful. Because what you care for is more important than anything.

    • @vipinkamol574
      @vipinkamol574 3 роки тому +3

      Sahi pakde he👌

  • @usha1910
    @usha1910 4 роки тому +188

    When your family member is serious and he or she need to reach hospital as soon as possible than if your car helps to reach hospital , than money is important or life.. Car is for family and four to five members can go together and enjoy. Emotions give much more value than money.

  • @ashishkushwah7127
    @ashishkushwah7127 3 роки тому +25

    Covered major basics of buying a car. So helpful!!! Thanks a lot.

  • @manojputhran4477
    @manojputhran4477 5 років тому +34

    80 people buy car just to impress society , vehicle is like having dinner at high end hotel you can avoid easily but people want to impress social media audience

  • @Ajay260176200806
    @Ajay260176200806 5 років тому +133

    एक दम सही है l दिखावे पे मत जाओ अपनी अक्ल लगाओ।और वही गाड़ी खरीदो जो आपके लिए ईज़ी अफोर्डेबल हो।

  • @luckydhiman
    @luckydhiman 4 роки тому +20

    Good video but video omits an emotional factors of buying a car. eg: if somebody gets severely ill in the family you can take them to the hospital without waiting for Ambulance or Cab and that time could be the difference in life and death. I can come up with many examples why car can be a very big part of the family and why you should not look at it as depreciating asset.
    I would recommend people when buying a car please buy it according to the needs you have not because peer/society pressure. If you're day to day tasks can be done by Alto or some small car don't buy a big car to showoff.
    Lot of good trips and memories will be created with the car as well. Savings are absolute necessary for us the middle class but in that we lose lot of times that we could have enjoyed if we splurged a little. Sometimes just enjoy things without thinking about the money.

  • @cu4ever100
    @cu4ever100 4 роки тому +605

    भाई जीवन भर यही कैलकुलेशन करते रहोगे तो ध्यान रखो तुम्हारी सांसो की भी कोई कैलकुलेशन कर रहा है। अगर सामर्थ्य है तो शौक पूरा कर लेना चाहिए।

    • @himanshurajput6427
      @himanshurajput6427 3 роки тому +43

      Bhai bhale phir pent fat jaye

    • @sachinpuri5349
      @sachinpuri5349 2 роки тому +14

      Well Said Bhaie.Itna Calculation karna hai to time Ka bhi calculation karo jo video banane me laga hai uss time ko kisi or jagah b use kar skte hai 😀

    • @Siddharthsidd
      @Siddharthsidd 2 роки тому +10

      @@himanshurajput6427 pent bacha ke shauk pura karo

    • @AkshayNaik404
      @AkshayNaik404 2 роки тому +6

      Log aise hi fancy feature wali gaadiya leke abhi pachta rahe hain and gaadi bechke CNG ki bookings kar rahe kyunki pehle ka hisab bigad gaya petrol prices se.

    • @jtorajasansi8633
      @jtorajasansi8633 2 роки тому +2

      Haha status ki baat kar ke solutions diya hi nhi

  • @kksrk
    @kksrk 5 років тому +363

    There is only one life ...work hard spend hard and enjoy the life ..

    • @MrBibhuti5
      @MrBibhuti5 4 роки тому +4

      @jvn P exactly what I mean

    • @sidharthkonapuram
      @sidharthkonapuram 4 роки тому

      👍

    • @myWeltanschauung
      @myWeltanschauung 3 роки тому +1

      Right those who won car doesn't have any right to give us gyan not to buy dream..

    • @hemantthakare9902
      @hemantthakare9902 3 роки тому

      Good

    • @techcloud2510
      @techcloud2510 2 роки тому +1

      the video is for those who spend most of their money savings in buying a car, the golden rule of 35% is best when buying a car. budget for car buying = 35% of annual savings or less. So that has no direct burden on other things.

  • @HappyestMoments
    @HappyestMoments 4 роки тому +14

    Have been driving k10 since 2015 which I bought from a lady doctor. Perhaps, I knew the car is discontinued at that time, but when my friend (learned) drove that car, I knew this car belongs to me. Have bought it at a high price but i m still driving it.. AZIM PREMJI still drives a 2nd used car today.

    • @janardankhotare
      @janardankhotare 3 роки тому +1

      K10 कि maintainace बहोत हैं

  • @bohemiansoul584
    @bohemiansoul584 3 роки тому +25

    Wagon R CNG watching your calculations while eating popcorn.😁😁

  • @samyaktripathy4942
    @samyaktripathy4942 3 роки тому +43

    I really appreciate the way you explained it. Real truth is our economy runs through expenditure. If people will not spend then no company will invest , which ultimately end up with job loss. People who has invested in that company will lose their money. All should know it's a cycle.
    Yes you should buy a car if u are capable enough, never ever buy it looking at other people.

  • @getfitwithpri4138
    @getfitwithpri4138 Рік тому +10

    My dad never convinced to buy big budget car but I never agreed to it. Now after watching this video it made me convinced that he was right, good initiative for making this video, it is also helping the youth to train their mind in a intellectual way.

    • @satyajitmaitra3338
      @satyajitmaitra3338 Рік тому +1

      In that sense this person is the father of your father who is able to convinced you😅

  • @drkapilhazarika5920
    @drkapilhazarika5920 5 років тому +21

    Asset yogi videos are really informative and the simple way of presentation by Mr. Mallik is what I liked the most...Keep it up Sir

    • @AssetYogi
      @AssetYogi  5 років тому +1

      Thank you for appreciation Kapil 😊

  • @yashgarg4874
    @yashgarg4874 4 роки тому +6

    0:35 Gaadi ek reliable transportation ka mode h. Aapko har extreme weather me protection deti h. Haan traffic proof nahi h bike ki trah but CNG pe ek affordable car is the best.

  • @akshaykulkarni1301
    @akshaykulkarni1301 4 роки тому +16

    Disadvantages of buying a car........tells while driving car.....very convincing

  • @vivianaverse
    @vivianaverse 5 років тому +484

    Sir ek video banaye shadi karke fayda hai ya na karke..karke zyada fayda hai ya na karke.....

    • @nishantrazz
      @nishantrazz 5 років тому +62

      Sir kar lijye gadi v mil jayegi and gharwali v bina interest k😊

    • @mks8451
      @mks8451 5 років тому +16

      Mt krna bhai

    • @dilipdas3081
      @dilipdas3081 5 років тому +6

      Dilli ka ladoo, khanese v postao na khanese v. Toh khake postan hi think rahega. Khane see pahle loodu ki janch achchi toroh honi bahut jaruri hay. Eyhi he main point.

    • @virenderkain5527
      @virenderkain5527 5 років тому +12

      @@nishantrazz baat to Shi khi pr Tere hisab se shi h tum Jaise log he dheej ko bhadava dete ho

    • @praveenkumar-qm8fs
      @praveenkumar-qm8fs 5 років тому +23

      Marry a rich/good job girl then you will be at profit or else you will be struggling in your life like me....

  • @ShriramGupta222
    @ShriramGupta222 5 років тому +36

    1 yr ago i brought 20 lakh rupees car, i hardly drive it.. Only 1000km in a month. Buying car was not a good financial decision but i had to buy it because of status symbol.

    • @gurpreetjohal4012
      @gurpreetjohal4012 5 років тому

      ਕਿਹੜੀ ਗੱਡੀ ਹੈ ਜੀ

    • @navanhans
      @navanhans 5 років тому

      @@gurpreetjohal4012 *punjabi ch likhunge, oh kida smj ju?*

    • @KrishnaKamal49
      @KrishnaKamal49 5 років тому +1

      Then you dont know how to enjoy. Every weekend i go out with friends long drive.

    • @sushant_tito
      @sushant_tito 4 роки тому +3

      kaunsa guiness book of world records mein naam darj huaaa aapkaa.. status symbol is a big joke

    • @kunjar
      @kunjar 4 роки тому +3

      Visudh chutiye vyakti ho tum..,,,,😂😂

  • @arjunjadhav9320
    @arjunjadhav9320 3 роки тому +11

    Excellent! Nobody told me what should be your mindset while buying a car. Thank you!

    • @AssetYogi
      @AssetYogi  3 роки тому

      Keep learning

    • @ashwaniratre4705
      @ashwaniratre4705 2 роки тому

      Our Life is once at a time. But things shall be always so that if possible enjoy it and live happy life.

  • @sanjayarya1664
    @sanjayarya1664 4 роки тому +14

    As usual one of the best youtubers ever,ever.The most genuine, comprehensive, tutorial.Sir you are actually doing a great job......We will cherish your such a inspiring,and creating awareness tutorials. I Watch your each and every tutorial,and have been benefitted a lot.

    • @AssetYogi
      @AssetYogi  4 роки тому

      Glad to hear that. Thank you Sanjay 😊

  • @evworld579
    @evworld579 5 років тому +4

    My suggestion to buy used cars
    Approx 1-2 lakhs

  • @aniketkakad
    @aniketkakad 5 років тому +9

    RBI Decreases Repo Rate by 25 base points, please make a video on what sectors are seen benefiting from it! Thank you!☺️

  • @duleshwarmahto5686
    @duleshwarmahto5686 3 роки тому +5

    Simple and best one to make people understand about their invisible savings. Thank you Sir

  • @banerjeenandan
    @banerjeenandan 4 роки тому +4

    I am a subscriber of this channel for quite a long time... Still I don't know how I have missed to watch this video... Very informative and eye-opener... Thanks Mukul Ji...

  • @theconqueror4186
    @theconqueror4186 5 років тому +32

    Thank you sir for increasing financial awareness in people.

    • @AssetYogi
      @AssetYogi  5 років тому +1

      I hope it helps everyone 😊

    • @theconqueror4186
      @theconqueror4186 5 років тому

      @@AssetYogi sir education loan repayment and interest ko kam karne k liye suggest kijiye.

  • @sarojkumarassistantprofess9022
    @sarojkumarassistantprofess9022 4 роки тому +13

    Time is more important than money. After 25 years, you will have many health problems. You cannot eat whatever you want cannot go wherever you like. My father saves money in LIC, what he will get in 2020 is 3 lacs.

    • @millioniques7798
      @millioniques7798 3 роки тому

      Term insurance?? That is pure insurance and not LIC..

    • @devendra3686
      @devendra3686 3 роки тому +2

      bikul sahi kaha , money sav hi karte rhenge to use kharch kab karenge , aj gadi na le or 2 lac sav karle after 25 yr bad 35 lac kia karenge life nikal jayegi , life kia bharosa kab tak rhe isliye car khario or aram se safar karo

    • @shashwatsomawar139
      @shashwatsomawar139 3 роки тому +1

      @@devendra3686 dono hee karo thoda save aur thoda car mai daalo

  • @RahulMenon888
    @RahulMenon888 Рік тому +5

    Car buying is an emotional decision ! Sometimes life goals. You can not put a price on the joy it brings to the family. However once you have decided to buy a car be smart about it, understand your requirements. I'm sure even if you buy a slightly lesser car you will still love it. Drive safe cheers !!

  • @yashtrologer
    @yashtrologer 3 роки тому +10

    I had not been using a car for so many years, but after CORONA pandemic situation has been changed a lot. I know car is a depreciating asset but sometimes it's good to have. Nowadays, petrol prices are going high and everytime paying huge prices to cab could not be a wise decision. Using public transport, especially this time is a concern too. It's better to have a car as per the individual budget.

    • @kishorvingale133
      @kishorvingale133 2 роки тому +1

      Yes, it is a very valid point and related to present situation.

    • @prabhuprasadsahoo9307
      @prabhuprasadsahoo9307 Рік тому

      You are correct. for safety point of view own a car is not a bad choice.

    • @Airops-td4qs
      @Airops-td4qs Рік тому

      Govt should invest more on building and strengthening public transport infrastructure so that people need cars only when it is needed the most.

  • @alwaysrock1000
    @alwaysrock1000 5 років тому +47

    Your Motive was right,But this cannot be generalised
    People have smart earning options these days like SIP,Mutual Funds and The best of all Stock Market
    Few points I would like to Add
    1-Car is a Status Symbol in India and Abroad,ratan tata tried changing it by introducing Nano but miserably failed
    2-Yes cars/Bikes should not be bought with EMI,but that vehicle which u can afford at that time
    3-Calculations do not match the Logic here,You are saying CNG lasts for 15 years as per Govt rules
    But in reality cng vehicle dies in 5-6 years of usage
    4-You also took a special point that people change cars in 3-4years,Those who change that frequent they earn a lot,so this cannot be generalised
    5-Tier 2 and tier 3 cities have very Poor public transport hence this fails there too
    Your intent was right but it got few irrational calculations too
    😊just my opinion

    • @sohailkhan-dj6du
      @sohailkhan-dj6du 4 роки тому +2

      But if you try to understand getting car financed is a better option. Take an example if you purchased car of 50 lakh in cash. So,it will not give you benefits and it will depreciate but if you get it financed so you have to pay 20 lakh and rest in form of emi. I.e monthly upto 50-60 k per month. And the rest 30 lakh can be invested in other sector you can earn upto 2 - 2.5 lakh from that 30 lakh and you can pay installment from those money and can save also.

    • @sohailkhan-dj6du
      @sohailkhan-dj6du 4 роки тому

      @@hgskaursa it's not about how expensive car buyer purchasing. It's about how buyer think. I have 5 cars all my cars are financed. All are luxury car. 2 Bmw,2 Audi, 1 Mercedes Benz.

  • @sidhnik
    @sidhnik 4 роки тому +18

    At 3.34' in the video, when you say that 2 lakh could is depreciated could have been saved and invested.. doesn't seem logical. That 2 lakh is not cash in hand that could be invested if the car was not sold. Please explain this point.

    • @rahulmahajan1294
      @rahulmahajan1294 3 роки тому +2

      If you have 6 lacs in cash and want to buy a car worth 6 lacs then buy second hand car for 4 lacs and invest the remaining 2 lacs.

  • @rishabhsingh2368
    @rishabhsingh2368 4 роки тому +3

    Just amazing content. This is what I was looking for. You explained the topic in great detail. Thank you .

  • @akshaykulkarni1301
    @akshaykulkarni1301 4 роки тому +12

    Appreciate the information, but car is an emotion for some people.....it should be bought @ "right time"

    • @AssetYogi
      @AssetYogi  4 роки тому +1

      Keep supporting :)

    • @br01_alam
      @br01_alam 3 роки тому +1

      @kumar sangam dass
      Haan bhai sahi bola...
      Main kal hi 12km bheegkr aaya hoon bike se...
      Is bandey ki video meko illogical lagi..
      Iski video dekhkr log chutiye bann rahe hain...
      Car purchase apni khushi ke upar hai..

  • @CTCClasses
    @CTCClasses 5 років тому +6

    #Great_Initiative
    #3rd Point will be considered more✍️💖

    • @AssetYogi
      @AssetYogi  5 років тому

      Thank you for appreciation 😊

  • @dijog9221
    @dijog9221 5 років тому +6

    Nice video. You just pointed out one big financial mistake people do with their money. Subscribed 👍

    • @AssetYogi
      @AssetYogi  5 років тому

      Thank you for appreciation Dijo 😊

  • @prakharbengani6369
    @prakharbengani6369 3 роки тому +8

    Buy a car on loan. Invest the rest of amount in SIP. You can easily cover the expense on loans or make profit

  • @1994bhaskar
    @1994bhaskar 2 роки тому +5

    That's amazing sir. Your video is indepth and logical. I appreciate your work.

  • @utkarshsharma9071
    @utkarshsharma9071 4 роки тому +10

    Good Analysis. Really liked the new theme for the video.

  • @Gaurang1995
    @Gaurang1995 5 років тому +34

    Sir, in case of public transport, buses and trains are heavily crowded in peak hours and in case of cabs the surge pricing occurs a lot, also many times there are no cabs available in metro cities like Mumbai... So its better to own a car even if the running is short...

    • @VECTAVERSE
      @VECTAVERSE 11 місяців тому

      Depend on person

  • @mahtabalam-sy2eb
    @mahtabalam-sy2eb 4 роки тому +9

    does it applicable to a business man ?
    a business man can take depreciation in income tax as expenses

  • @otagophysio
    @otagophysio 3 роки тому +4

    Money is like a snake, catching / earning it is painful, keeping it secure is painful and then when you spend or kill it is painful!

  • @big-bang-movies
    @big-bang-movies 4 роки тому +20

    For daily commute, you can buy 2 wheeler instead of car. from financial point of view definitely car is depreciating asset, however in India public transport system is horrible in most places unlike foreign countries which leaves people no other choice.

  • @ANURAGKUMAR-od7ug
    @ANURAGKUMAR-od7ug 4 роки тому +4

    Very logical...appreciate the effort in making this

  • @surajborade1234
    @surajborade1234 3 роки тому +33

    Don’t buy a car, this is one of the best solution!

    • @otagophysio
      @otagophysio 3 роки тому +1

      Can you eat the paper notes, wear the paper notes and sleep under paper notes. No na... we have to spend it to live life enjoyingly!

    • @angadacharya55
      @angadacharya55 3 роки тому +1

      Mat lena bhai tu ,bus main leja family ko ,paise ghar main rakna

    • @sandipchand5182
      @sandipchand5182 3 роки тому

      Kya krega bhai itne paise😂😂

  • @alinchatterjee1987
    @alinchatterjee1987 4 роки тому +1

    Mai goa me rehta hu. Yaha par public transport bahut kharab hai. Isliye mai car kharidane ka plan kiya hu. Used car le raha hu. Honda city 2.8 lacks in excellent condition :)

  • @dheerajsaharan4210
    @dheerajsaharan4210 4 роки тому +3

    50% agree hun lekin ager aapke pass ache paise hai to achi car lo yaar ek he life enjoy ker lo bus itna dhyan rakhna ki ager jo bi car lo aapki pocket ko pta bi nahi chalna chahiye

  • @IAMWHATIAM0001
    @IAMWHATIAM0001 5 років тому +10

    Very good vedio and I totally agree with your points. It not only saves our money but also helps in reducing pollution and by using public transport reduces traffic. Even poor people gets employment and not only helps in reducing air pollution but also noise pollution. It also prevents accidents and making lesser vehicles on roads helps emergency services easily accessible.

    • @AssetYogi
      @AssetYogi  5 років тому +1

      Agree!

    • @kauseratique4486
      @kauseratique4486 7 місяців тому

      ​@@AssetYogiplz let me know which car to buy affordable milege ....

  • @dd-001
    @dd-001 3 роки тому +36

    Please make a video on " saving a cup of tea can make anyone rich in future" or " a cigarette smoker loses the amount that can make a nonsmoker rich".
    Thanks for this video.

  • @manuelsmith332
    @manuelsmith332 3 роки тому +5

    I believe most people emotionally involve with their vehicles because of the marketing hypnotism rather become emotional towards living beings and nature ..think of it as machines not people or family member then you will treat people like people and feel more compassionate towards living being

  • @user-sp2lj8et2n
    @user-sp2lj8et2n 5 років тому +30

    Don't buy a car.. best advice bro.. less running don't buy..

  • @VikashSingh-vp6zl
    @VikashSingh-vp6zl 5 років тому +4

    Thanks asset yogi . Mai sab logo se kehana chaunga ki Maine CAr kharid Kar bahut badi galti ki hai . Jab Tak bahut jaruri na ho koi na le ye steel k dabbe .aur kabhi le bhi to second hand lo .

  • @yasinchokwala3182
    @yasinchokwala3182 4 роки тому +9

    Thank you for giving honest review

    • @AssetYogi
      @AssetYogi  4 роки тому

      I hope this will be helpful Yasin :)

  • @harshawardhansiddhanti957
    @harshawardhansiddhanti957 4 роки тому +2

    Corona ne sab badal diya, i never wanted a to buy car previously

  • @sudhanshuswami2304
    @sudhanshuswami2304 5 років тому +8

    If you are business man then take loan for vehicle, if you are salary class then buy from saving !

  • @reddiamond333
    @reddiamond333 5 років тому +6

    बहुत अच्छी बातें। इसके second पार्ट का इंतज़ार है।।

    • @AssetYogi
      @AssetYogi  5 років тому

      आपका बहुत बहुत धन्यवाद 😊

  • @kalpeshsolanki4870
    @kalpeshsolanki4870 3 роки тому +4

    Informative video!!! I hope asset Yogi completes this thought or idea with a sequel video or something

  • @Truthseeker7280
    @Truthseeker7280 2 роки тому +1

    True Video. Some times we buy car just to show off. People don’t buy practical cars. They think if i buy Alto people may laugh so they buy baleno, where as Baleno was not needed. Now baleno stays parked and money got wasted worth 2 Alto’s.
    But yes if like to drive buy cars but dont go over board. Start with a humble car and then go for bigger cars slowly.

  • @jasbeerchauhan9586
    @jasbeerchauhan9586 5 років тому +7

    Jo 3 saal mein nayi gaadi bech dete hain...wo yahan saving ki video nahi dekhte.

    • @infinow
      @infinow 4 роки тому +2

      We need people like these. Thanks to them people can buy 3-4 year old second hand cars at almost half the price.

  • @ravindrar5049
    @ravindrar5049 4 роки тому +13

    Great video sir,
    I want to add some more points.
    It is good to use Ola Uber saves money on buying car and also on parking space, maintenance, driver.
    Also in country where people doesn't have place for shelter, to walk freely on footpaths and traffic jam for public transportation and at other side we use lot of space for private car parking. So it is good if number of private vehicles get reduced.
    Also it is good for environment as it reduce pollution due to traffic by some percentage and saves resources in making of car.
    In residential societies car parking is one of the reason for no space to play kids and plant trees as space is concretise for parking purpose which also affects rain water absorption affecting groundwater in cities.

  • @dadasodevkar4176
    @dadasodevkar4176 4 роки тому +2

    हमेशा महँगी कार लेनेवाले लोग पछताते है एसा कोई जरूरी नहीं है ....बहोत बार सस्ती और छोटी कार लेकर भी लोग पछताते है ...

  • @vishalgarg6134
    @vishalgarg6134 4 роки тому +1

    Khushi hui apke kuch vichaar mere bhi mind mai aa gye the New car lete time

  • @GreemarGaming
    @GreemarGaming 4 роки тому +5

    Recently I am going to buy a car and this video is an eye opener for me. Thank you for your valuable suggestion.

    • @AssetYogi
      @AssetYogi  4 роки тому +1

      All the best Sukant!

  • @stockmarketguru9526
    @stockmarketguru9526 5 років тому +57

    Bhai maine gadi apni shauk ke liye buy ki hai aur aur meri gadi ki e. m. I 14000 per month jati hai... Aur Maine apni gadi ko travels and tour mein laga di hai around 30000 per month income bhi ho rahi hai....... Mera shauk bhi pura ho gaya aur income bhi genrate ho rahi hai toh kya burai hai bhai.....

    • @AssetYogi
      @AssetYogi  5 років тому +16

      If you can earn from your car, nothing like it.

    • @n.s.chouhan5433
      @n.s.chouhan5433 5 років тому +5

      Sir ,
      Video banaiye banaiye please car business pe ??

    • @n.s.chouhan5433
      @n.s.chouhan5433 5 років тому +2

      Very nice dear ..

    • @user-xk5et7es1d
      @user-xk5et7es1d 5 років тому +2

      Perfect absolutely Right decision......

    • @cityonwheels7118
      @cityonwheels7118 5 років тому +1

      Tour pe kaise lagaye gadi ko

  • @AksshayMalaviya
    @AksshayMalaviya 4 роки тому +2

    Can you share the same analysis for an electric car as now 3 electric cars are available - Kona, ZSEV and Nexon EV?

  • @labhsingh5305
    @labhsingh5305 4 роки тому +1

    I think iss se easy tarike se koi ni samza sakta... 👏👏👏 good going sir... ap logo ko achi advise kr rahe hn..

  • @satvikkhare1844
    @satvikkhare1844 5 років тому +18

    Dude, you forgot inflation in this. Serious mistake.

    • @GauravSharma-ip5eb
      @GauravSharma-ip5eb 4 роки тому +4

      And how inflation matters in this case?

    • @SuperShoaib619
      @SuperShoaib619 3 роки тому

      @@GauravSharma-ip5eb car bech kr jab pese ayenge to wo b us inflation se influenced hue hi milenge.. So inflation doesn't matter here.

  • @brownwines
    @brownwines 5 років тому +5

    India me Jaha public transport ki facilities Hai fir bhi log Car ya bike Ka Zyada use Karte Hai. Isse Zyada traffic hota Hai.

  • @girishmohanbhelekar7196
    @girishmohanbhelekar7196 3 роки тому +2

    Excellent explanation style Sir..👍🏻
    Thanks for guidance 🙏🏻

  • @ashoknirman9551
    @ashoknirman9551 3 роки тому +3

    smart boy, cash ko Kahi or invest krdo, minimum to min. FD bhi krayega to 80% interst waise hi cover ho jata jo hum pay krte h loan wali car ka. car ki value kam hogi but FD wala paisa 5 saal baad bhi utna rahega. 5 saal baad cash bhi rahega or car bhi bas 20% ka nuksaan h

    • @sunrise417
      @sunrise417 3 місяці тому

      Why not people thinking about this..🙏

  • @nareshkumarshorie6627
    @nareshkumarshorie6627 5 років тому +3

    Myself always plan in my life as per your guideline. Very nice calculation for middle class even upper middle class persons.

    • @AssetYogi
      @AssetYogi  5 років тому +1

      Hope my videos help & thank you for appreciation 😊

  • @vishalchaudhary4487
    @vishalchaudhary4487 5 років тому +4

    Hats off to you Sir... Really appreciate you... Jai Hind 🇮🇳

    • @AssetYogi
      @AssetYogi  5 років тому

      Thank you for appreciation Vishal 😊

  • @bookcollection2883
    @bookcollection2883 4 роки тому +1

    One thing you missed out is opportunity cost. Even if you don't take a loan and pay 6 lakh. You are still paying 3k a month that you would have received as interest from the bank if you kept that money in the bank. Loan is stupidity but buying with full payment also has a monthly opportunity cost that most people miss out and because of opportunity cost, not buying the car is the most sensible thing.

  • @MukeshKumar-cy1sy
    @MukeshKumar-cy1sy 4 роки тому +8

    Loan is good option in case of car
    As cash can be required for other emergency purpose and if you invest that in fd you will get some return also.

    • @NOBNOOBYNOOB.
      @NOBNOOBYNOOB. 3 роки тому

      In fd 6to7percent intrest per annum but in emi 10to11percent per annum we have to pay.

  • @freeaman
    @freeaman 5 років тому +43

    Very nice video, sir, I live in Mumbai and I don't have a car :-), I use Ola or my motorbike.
    I think car is not necessary in a big city because of alternative transport.

    • @Banzybanz
      @Banzybanz 5 років тому +4

      Car is definitely not necessary in Mumbai. You can go anywhere easily using locals + walking or rickshaw.

    • @prvz8733
      @prvz8733 3 роки тому

      In corona times it is necessary ...safe ride !!

    • @dineshbugalia7297
      @dineshbugalia7297 Рік тому

      Bhai Monsoon mai kya karte ho..it's definitely a hell to travel on bike then.. we earn to have comfortable life

  • @ranjeetmukut814
    @ranjeetmukut814 4 роки тому +59

    Good analysis.. In small towns, these points are not fully applicable.. From the place I belong, to own a car is a good investment as regards to emergency situations and where public transportaion is not that up to mark..

    • @prsh9610
      @prsh9610 4 роки тому +1

      @Ranjit.. you have a valid point there.. I agree with you..

    • @ashwinkale473
      @ashwinkale473 2 роки тому +1

      Bhai tum gaadi bechdo yahi chahte hai woh 🤣

    • @varunsood4118
      @varunsood4118 2 роки тому +1

      I think point here is buy a car his se Kama chal Jayne. Agar 5 lakh ki gaadi se Kama chalta hai to 10-15 mat kharcho

    • @AkshayNaik404
      @AkshayNaik404 2 роки тому +1

      Definitely bhai. public transport / cabs etc use karne ka option tabhi applicable hoga jab ye suvidha sahi se available ho.
      Agar aap gaav me rehte hain and elderly hain aapke family me jo bus etc se comfortably travel nahi kar payenge to wo case me acchi gaadi bohot jaruri hain.
      Ye scenario me convenience > Cost ho jata hain.

  • @PankajKumar-6369
    @PankajKumar-6369 Рік тому

    Brought MG HECTOR with my father retirement money we love it, and also we have our own house and i m an electrical engineer at NTPC

  • @soothingandmelodiousquran1879
    @soothingandmelodiousquran1879 3 роки тому +9

    Enjoy life. Life is short. Nobody takes his wealth and saving when die.

  • @HelloHiHelloHiHello
    @HelloHiHelloHiHello 5 років тому +4

    Jyadatar log family outing etc k liye car lete hai, usme ye sab nhi socha jata

  • @devendrasharma7641
    @devendrasharma7641 5 років тому +3

    It all depends what is your aim paisa collection ya Maximum enjoyment coz 25 yr m 34 lakh or ho skta h uske Baad AAP duniya se tapak jao fir kya kare in 34 lakh ka ......
    By the way nice content and a guide to use money sensibly

  • @RO_H_AN_SA_H_OO
    @RO_H_AN_SA_H_OO 2 роки тому +1

    Sir apne to car khridne ka nazriya hi bdl diya...!
    Thank you so much sir

  • @dineshchandra2913
    @dineshchandra2913 4 роки тому +1

    Akele kahin Jana ho tab to bike sabse badhiya hai par jab family ke saath Jana ho to public transport kuch had tak sahi hai par usme time bahut waist ho jata hai aur bhi kai tarah ki dikkat aati hai.lekin second hand vala option best hai.

  • @manavsharma9213
    @manavsharma9213 5 років тому +3

    Ye video ek dum perfect hai.... truly said.. if u really don't required a car then Don't buy....👍👍👍👍👍

    • @AssetYogi
      @AssetYogi  5 років тому

      Thank you for appreciation Manav 😊

  • @sagarpawar5855
    @sagarpawar5855 5 років тому +5

    If u earn 12%pa mean clear solution is there , 6 L car if considering 6L investing 6k per month 72k per year earnings use this fund for cab or local travel aprox ₹200 per day
    No need to worry about parking , maintenance , petrol

    • @AssetYogi
      @AssetYogi  5 років тому +1

      That's absolutely right, if per day running is limited.

    • @preetammukherjee623
      @preetammukherjee623 4 роки тому

      bhai Cab lena X cities mein to possible hai.. but for rural areas booking a CAB is next to impossible.. first to wo nhi jayega ya aayega.. next Cab service is not even there.
      apanka gaadi is always apanka property.. care karo ya toot do apna hi property hai.. sukuun waha pe hi hai..

  • @vinayyalams
    @vinayyalams 3 роки тому +8

    Please calculate the interest on car that you bought let say you kept it as FD and compare the car loan interest that you are playing ;) its always good to take loan and buy a car..

  • @aliocaful
    @aliocaful 3 роки тому +13

    Too calculative and less practical. There are many other aspects in life that need to be taken care of

    • @thealphaway2422
      @thealphaway2422 3 роки тому

      Can you share ?

    • @aliocaful
      @aliocaful 3 роки тому +9

      @@thealphaway2422 Time is money. I have been a regular carpool/ola/uber user for 4 years. Sometimes I keep booking for 30 min. And after that wait for 15-20 min for it to arrive. And then the actual travel time. I could simply save that 45 min by owning my own vehicle. Before you ask me to buy a bike, I have a spine condition due to which I cannot use a 2 wheeler due to its hard suspension. Another thing is the peace of mind and mobility you get when you have a vehicle standing outside your house. You don't have to think twice before planning to go somewhere. These are only some of the logical aspects. I haven't said anything aspirational/sentimental aspect about owning a car.

  • @cpbhaiyadav5898
    @cpbhaiyadav5898 5 років тому +7

    मै तो महीने में 500km भी नहीं चलता
    फिर भी 7 लाख की कार खरीदा हूं
    खड़ी करने के लिए 700 हर महीने पार्किंग का देता हूं

  • @RaviSingh-fv4sh
    @RaviSingh-fv4sh 4 роки тому +5

    You almost pay 25 lack for a 6lack car in 15 year with all kinds of cost included.

  • @pankajjakhar2911
    @pankajjakhar2911 3 роки тому

    Sabse best last wala hi tha mene bhi pichle saal nayi gadi lekar galati ki...

  • @ketanelectrical
    @ketanelectrical 3 роки тому +2

    dream puri kare enjoy kare, life ek baar milati hai , paisa kamao bhi or sahi tarike se kharch bhi karo, dream pure karo age jate raho, soch badi rakho, ghut ghutke marne se achcha ❤️

  • @kumaarji6995
    @kumaarji6995 5 років тому +13

    There is a lot of such thinking.

  • @yogeshtalhan9020
    @yogeshtalhan9020 5 років тому +6

    I agree with this concept of car.

  • @UdayGuleria
    @UdayGuleria 2 роки тому +3

    Beautifully narrated each points...
    Conclusion: Buy second hand car 🥰

  • @sonamchaudhary8041
    @sonamchaudhary8041 4 роки тому +2

    Who have seen the future ,enjoy your present guys ,what if you save for 5 year and than suddenly die?