How to buy a new car in india| financially smart car buying | mistakes while buying a car
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- Опубліковано 29 вер 2024
- #theartofwealthbuilding #carloan
Buying your first car always seems like a milestone. The sense of excitement, the curtailing of impulsive behaviour, the data-mining and research and the eventual decision, all build up to the that you have been waiting for. Maybe a moment that defines your success?
People buy cars for various reasons, but let us not forget the most primary one- to get from point A to point B, in relative comfort. In the context of buying a car, one must always remember to make a well-informed choice, that ticks off all the boxes. Fun, practicality, and everything else that matters to you. After all, you need to live with the automobile for a considerable period. And your loved ones will use it as well.
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Very nice explanation
Thank you
Car vs investment comparison is lil illogical. You should definitely invest and save, but it can't be compared to the wants you want in life. Buying a car gives you pleasure and comfort and so does your own home.
@rishav u are right the comparison is for people who change the car often ..so as to understand the financial impact.
Thanks for watching sir ..god bless
Considering the prices of petrol and diesel, I am thinking of buying a bullock cart.
😂😂😂
Sure. But Bullocks food also costly and they need to be maintained too
🤣🤣
Great, u can go for it .....
Lmao
Bhai tumhare logic se to jo 30 saal ki umar me apni wife ke sath car chalata vo ab 40 saal ki umar me apne 10 saal ke bacchon ke sath chalayega
Mujhe aaj briyani khani h par main usse acha sip kr leta hu kal ko kam ayegi pet ka kya h bhukha reh skta hu
Shaukh badi cheez hai....bhai.
Car to leni hi hai.......
Also I am confused in the calculations as Deepak first paid 10L and then he invested 14k per month. From where these 14k Came, while Ravi only paid 2L and invested remaining 8 lakh, he paid emi from that 8 lakh. So if in start both have 10 lakh Ravi will be having 12L in the end and Deepak will be having 0 as he Spent all 10 L on Car
Deepak is getting salary
@@dharanish. Is Ravi not getting salary? If getting then he can also invest 14k . If not getting then comparison in not fair.
I don’t fully agree with you. Not everything in life should be seen in financial aspect. Our lives are also depreciating. We make money as we want to fulfil our desires and lead a better lifestyle than yesterday. I mean it’s good to save money and everything but no one really know till when you’ll live. So just chill and buy one if you can afford and enjoy it!
I agree with you sir
It’s just the information video ..
I never said don’t enjoy and only invest .
Thanks ,god bless
I m following ur guidance....thank you so much for your effort to educate people...
Gid bless you sir
Thank you sir
Funny explanation, yet logical! Thank you!
Your voice completely match with Anupam Mittal of shark Tank . Nice informative video
The point - never take any loan untill 8 years of job....is the best advice👌
Thanks for the video. What about the opportunity cost of losing interest on the 10L invested upfront to pay for car in cash
Only some people will find the mistake
If u see opportunity cost... Nothing can be bought by a human.. by considering opportunity cost
Also I am confused in the calculations as Deepak first paid 10L and then he invested 14k per month. From where these 14k Came, while Ravi only paid 2L and invested remaining 8 lakh, he paid emi from that 8 lakh. So if in start both have 10 lakh Ravi will be having 12L in the end and Deepak will be having 0 as he Spent all 10 L on Car.
@@Manikanta_3 your hypothesis throws quantitative decision making taught in business schools out of the window.. there are empirical ways to calculate and analyze objectively.. if you seek to do so..
@@subhashreevenkatesh3868 i couldn't understand ur words...use simple words please
I don't want car now in future I may buy so it's very important and knowledgeable lesson. Thank you sir
At 11:30, we should not include the interest again because it is already included in EMI. That is additional redundant reduction. And thus conclusion is that one is not always better than the other, but it depends upon your own situation.
Such a detailed video. Every point was explained in depth. Keep going !!
Thank you
Good day bhaben...
Nice explanation
What about 2nd hand old car to buy... please make a video on this..
Many middle class people will be comfortable....and will benefitted by ur video plss
Sure
Ya i too want to buy a car but feel its useless to buy a new one when I can easily get a good car in half the amount in 2nd hand car.
New alto Ko keemat me Verna ajayegi 7-8 saal purani
Car is a necessity.. N it shd b treated like need.. Its very useful in emergency at home
Exactly, there are some uses of a car such a privacy, personal space with your family and instant vehicle at your availability for any use for any duration... You cannot put a price on these factors simply because this freedom is priceless than any interest earned
Looks like I will never buy car with my salary 😭
Everything is very true.. But what about when I buy a car and I buy it fir ten lacks.. And after 5-6 years I sell it off for 50-60 percent.. Then I will have spent only 5 lakhs on the car for 5 years.. That way m getting the interest I have paid plus the fuel , insurance, maintenece that I had spent for five years.. And also some more money.. Right?
Good luck trying to sell a 6 yaar old car for 50-60% of the original cost ✌️
Shall we go for Kiger AMT or Tigor AMT? Currently having SX4.
Go for tigor as it is a very well built and safe. Renault's safety has always been a concern
Tigor xz+ petrol best in class
How much money needed for Financial Independence in India? Please make a video on this topic
How much u have they say less only
Please convey in english so that south Indian guys can also watch your vedios
sir ji mere pitaji itr file nahi karte hum ek car lene ki soch rahe he down payment 5 lakh karenge or 3lakh finance karenge kuch problem to nahi hoga na please replay dena sir
aap n j nahi battaayaa ki Ravi n j 800000 nahi dyaa usko fd m lgaa dyaa 6% ke hissab se 48 thousands per year and in six year 48*6= 2.88 lakh and interest was 2.10. Who is in profit
Very informative video. It's sad that such things are not taught at a basic level in schools.
Thats why buying a budget car is much more value compared to a luxury car even if you can very well afford it. As it leaves us with more disposable income that can give us day to day happiness like eating at a good place and going for a weekend trip etc.
👍🏻
Thanks Bhaven. I will reach out to you soon. Have been buy busy last month
how much charge for making personal financial plan?? i would like to make personal financial plan for myself.
requesting you to whats app on 9004789500
Road Tax Insurance is very heavy.
Bicycle>> 🥲🤌
Hi
I really loved all your videos for car learning. I can't imagine I would have got the confidence for learn how to drive a car without watching your videos.
I am a new learner from Ahmedabad, Gujarat. I am willing to buy an automatic car. I don't have much car usage, learning and safety is my first priority. Please suggest which car should I buy in hatchback? Budget is not more than 7.5L .
I liked Tata tiago, but never tried AMT yet I am on a learning license.
Should I go for other models like kwid/new alto/hyundai grand i10 nios/nissan magnite/ nissan mica
Thanks for sharing valuable information and helping me in the preparation and execution of my financial plan.
Thank you sir
Thank u Sir ,ek question tha girls ke liye konsi achhi car rahegi? Under 6 lakh. Please bataye
11:40 this calculation is incomplete. You also have to account for Deepak and Ravi's opportunity cost of their respective down payments.
He assumes that they both spend 10 lakh, one guy puts all of it in the car, the other puts 200k as down payment and puts the other 800k into an investment. And their returns are also calculated on this basis, so it is complete. However at 11:30 the additional interest should not be deducted because it is already included in EMI
Thanks for clarifying. Not buying a personal one, family car will do for now. 😁
sir aisa hi ek video banao on sex paane ke liye shadi karna sahi rahega yaa call girl ke sath sex karna sahi rahega.. kyuki shadi mai itne lakhon rupaye kharch hote fir wife ka kharcha baccho ke kharcha jabki 6000 mai russian aa jaati hai to kya better rahega calculation karke batiye na
Waiting this video a long time ... another informative video thank u 🙏sir
Welcome
Thank you sir ji for this lesson
Great knowledge sir
I want to buy a car in cash next 3years so how much money I want invest in monthly and where I want to invest please make video on this sir
Thanks sir for such informative video.
Mujhe 10 lakh ki car kharidni h to kya mai pura 10 lakh dekr car kharid sakta hu ya fir emi lena jaruri h please reply sir?
Bhai kitni age hai apki
😂 kyu bhai
@@nikhilvlogs5569 saving kitna karna para🤔
@@muktagorai2759 vo chodo tumhe mere question ka answer pta h
What if I generate a cashflow through Ola/uber fleet attachment of car? And use car for personal use on weekends.
Very good video
Is better to buy 2nd Hand Car?
Depends on the use of car, financial situation etc
How to become certified financial planner
FPSB India google this
Thanks sir
Thank you for this video
I bought second hand Alto k10 with less than my dad's 1 month income 😂
Pick up ke liye car loan milta hai
This car value net worth's 10% max point seems too high as what i notice around me is that even people with net worth of 5+ cr are using just 5 lak rs car.
You are right ,rich usually are frugal ..and people with zero net worth are driving Mercedes 😅😅
Well explained sir 👍!!
Really informative, Thanks for the information.
Thx sir this video i will plan for car in October thx sir
Actual topic starts at 5:30
Sir do you own a car?
Rocky mar gaya aur uska sapna adhura raha.
Why tf is no one talking about the earnings as well u will have for 6 years. U give 20% down payment, but u are already having 80% invested which grows annually
Very nice explaination sir
This channel is so underrated
Brother next year agar new car purchase krna hai to konsi krni chahiye, Electrical ya Petrol/Diesel ????
Amazing ❤️
Sir how to calculate net worth like if I earn 30k then wht ll come
Hi sir
Hi
title in english, thumbnail in english, but video is hindi ! dislike.
Appreciate your efforts 🔥🔥
🌹🌹🌹🌹🌹👌👌
Thank you
Full cash payment me gaadi lelo aur Income Tax walo ko jawab do mast
Watching in 2022 still everything is not open
very well explained
Thank you
Nice informative vedio sir
Thank you
New Alto se accha second hand Verna Lena Shi hai
Thanks bhai
Welcome
मेरा महीने का इनकम ₹25000 है तो फिर आपके हिसाब से तो इसका 9 गुना ₹225000 का कार लेना चाहिए आप ही बताओ इतने में कौन सा कार आएगा भाई
Mera income 60k hai fresher hu toh mera 9 guna kitna hoga
Maine to car le li tab bata rahe hai
👍
Which are the bank's that gives reducing balance interest rate??
All banks
1 cr jiska income Hoga India me Woh to Audi BMW lega