Bought Creta base variant mar 2021. Rs 11.5lakhs on road. Paid EMI of Rs 15100/- for 3 years. Sold April 2024 @Rs 8.35lakhs after 33k km . foreclosed loan. Not to mention petrol and running cost for 3 years. Loss hi loss. Show - Off ki chakkar main bahut loss ho gaya. Reason for selling - EMI chalana muskil ho raha tha being middle class with family 2 kids and parents. Now I use my brothers 2010 model Alto whenever I need. It has AC and power steering. I m happy to be free from EMi and depreciation. Peace of mind . Edit 1 - Forgot to mention something. I learnt that people don't care about your after market mods. I had done mods worth about 1.5 lakhs like 10.25 inch screen , Harman component speakers, faux leather seats , steering mounted controls , 16 channel amp etc, all people kept asking to judge it's price was whether it has sun roof or not. People really don't understand variants. They judge by three things , alloy wheels, touch screen and run roof . Edit 2. Some people are asking about my income. Well my salary is Rs 14.5 LPA. Some people are also saying that it's my fault as u couldn't manage my finances, well yes it was a very expensive mistake but no amount of salary and high income can justify the unnecessary 40% taxation especially on 4m+ cars and the instant depreciation once the car leaves the showroom. Even super rich people don't buy cars in their name , they take it in their company's name and avail tax benefits. Only middle class fools like us will run to the showroom at the first opportunity and somehow manage 1-2 lakhs and take a loan for the rest amount. Cars are and always will be a dead investment. It's a trap, all these glitz and glamour, don't fall for it.
Then why invested 1.5 lakh if you had 2 kids ...... bro show off krne kliye invest kro portfolio bnao car to aa hi jaegi ...... And secondly car use k hisab se lo not to impress or bhaukal
@@SHVdasnot really. If you save, you can do it. Bought 3 cars in last 20 years (alto,i20 and city last week) all bought for cash. Only thing you should avail loan is to buy a house, nothing else. Especially not a car. And I am a salary man. I don’t do business.
This current generation definitely needs to see this video! It hurts 100% when someone you know is purchasing an expensive car beyond their capacity but doesn't even have an entry level health insurance to support his family in an unexpected situation.
I am a senior finance professional. After a long time find such a logical, truthful presentation from someone from the next generation. Great job done.🎉
What's sickening is how Indian brothers n sisters are tolerating this 10-15 year scrap rule. It's nothing to do with pollution! A new car popping out of production line causes way more pollution! The rule forces to change Car and it's like a subscription model for car companies. Politicians are bought and rules are enforced. Citizens are loosing big.
In gulf countries first 10 years car doesn't need police inspection from 11th year you have to pass it every year police thoroughly checks your vehicle for emissions, tyres engine etc.
90% ppl dont know the use of sunroofs. Sunroofs are meant for specific places and uses.. but in India things are bought for showoff not for the use... In India sunroofs are bought for poking head out 😂😂
Asli ke note - if u want savings mentality use real cash. Very good advice. Cannot believe someone on UA-cam will give genuine advice. Hats off to you ❤
Same here-.. Driving i20 sports in Delhi.. Total KM done 71000,, No problem with the Car.. Problem is the 15 year rule.. Else, I would'nt be planning for a new car.. 😪
2010 My father bought first car Alto with cash. Used it till 2017. Wanted to buy new swift, which could cost me 8 Lakhs on road. Dad said only one thing. Never buy depreciating assets with loans. So with the 4 Lakhs cash I had, I bought used swift zxi in excellent condition and still using it.
I am a doctor with fairly good salary and i am driving a 2011 chev BEAT..people all around me r buying cars beyond their salary cap with EMIs & then they hv to earn for that bank..nvr understood why & how..most ppl r buying for show off!!!
Hi Doctor, I support your judgment. You are doing well. People are crazy about the new cars. Please keep it till you sip the last drop of juice out of it. I own ecosport and have no issues with it. I have tried every car from c suv to big suv like harrier and xuv700. They are not like the old ones. You feel something is missing in them. I am afraid to change my ecosport as I feel there may not be any other car like it. You rock with the old ones only. Keep rocking doctor
@@dkstyles9612 I don’t think a car or ur clothes or anything superficial should define ur personality brother..maybe that’s d problem wd our generation..personality is wat we r as a person!!
One thing which everyone fails to understand. Cars are not asset, they are consumables. Similar to AC, Fridge, mobile etc... You buy it for luxury, not to earn profit on sale.
There are utilities. If these utilities improve ur quality of life, then buy it. But our Govt. Considers car as an asset but not utility. A social movement needed to change the Govt. Policy.
My Swift vxi is 18 years and crossed 1 lac kms, never had any major issues. By spending around ₹2 lacs to restore and upgrade, I can use it for another 10 years ( if the govt permits) for my limited usage.
The thumb rule is to buy a car worth half your budget. If your budget is 10 lakh, buy a second hand for a 5, if it's 5, and you don't get a good car, you're better off not buying a car.
Finally someone tell truth about consumer buying behaviour,I purchased secand hand ford fiesta with cash and I am happy about with car, I was planning pay down payment and book a new car but Now i am happy No mentanance No EMI ha thoda mileage kam hai lekin chal jata 😊
@@akhilanand7821 Bhai sub 4 meter gadiya iss liye he bhari padi hai market me kyuki Tax rate Kam hai unpe. Jessey he tax rate Kam hoga apne AAP dekhna sare manufacturers 1000cc me car utar dengay. Btw Renault, maruti, skoda, Kia, hyundai etc still offers 1000cc cars(with and without turbo)
Purchased Range Rover velar and my down payment was my hard earned 28L now since last 11 months i am paying 74000 monthy and i just go to office to pay my monthly emi.....Really hate my decision now
I have a 15 year old swift dzire zdi and will be renewing the registration. this car is very reliable even after 3 lacs kms on odo . I was thinking of selling this car and buying a new one. This video has opened my eyes to the financial mistake I would have made if I bought a new car.. I thank you sir for this great information.
Sir, your suggestions are very much valuable. You had suggested Michelin tyres for car in a video which you have uploaded a few years ago and I switched to Michelin for my elite i20. Seriously the tyres has hardly lost any grip even after driving the car for 50k+ kms after switching to Michelin, also it punctures less. The financial advices in this video also feels helpful. Thank you.
This guy here is a gem of an individual...Absolute bang on explanation....people are going crazy on car loans without seeing the interest....Very well said sir...
I love my 15-year-old Honda City Sedan manual transmission petrol. It's reliable, with a smooth-running AC, spacious interior, and ample boot space. The original speakers still sound great, the analog instrument cluster is dependable, and the central locking works perfectly. The engine runs well, making driving enjoyable. No need for an upgrade!
I have a 6 year old used city 60k odo (4th gen) (I bought it used when it had 3 year & 38k odo), only problem it had was Rs.100 switch was replaced other than the usual maintenance (I don't follow Honda's every 1 year service bullshit).
The statement that "car is a depreciating asset" is completely wrong. And the wrong part is "asset" A car is not an asset, it is a commodity which you use and with use, its value will come down. So don't buy it like an asset, buy it like a commodity considering why you need it and will you be able to do justice to the hard earned money that you pay for it.
A car is an asset if used for business, if it generates income like (renting) or if it improves productivity. A commodity is only for consumption. Gagan is right in the video for calling a car an asset. Most Indians today use cars as commodities and treat it like commodities whereas in other countries cars are maintained by car owners as if it's an asset to the owner. Older generation Indians treated the car as an asset and maintained it well. All assets depreciate in value over time, so Gagan is right in stating the same as well.
Safari is not for middle class people period....Its for upper middle class and rich people who already have a german luxury car at home. Their priority is comfort, luxury, safety and road presence. They are not bothered about middle class things like resale, service network, mileage, maintenance cost.etc. They are not bothered about minor electronic glitches, since they already have 2-3 other cars at home and also only few units have glitches not all of them. They know that if gadgets are there, there will be minor glitches.....
Well said..cars are white elephants. I am a Doctorate in Mech Engg and have handsome income. I drive a 800 cc Renault kwid NXT which has all the requirements like power windows, power steering, entertainment, AC and most Importantly fuel economy. It gives me 28 km/ lit on highway after running 85,000 kms. It is compact easy to maneuver, easy to park and almost zero maintainance cost. It's pickup is extraordinary, even big SUVs can't beat it and when i overtake them on highways, i feel sorry for them. My colleagues who earn half of my income drive SUVs and they drive only on weekends because for daily travel,the cost is exorbitant and parking at work place is big problem. Earlier they used to tease me but now they are appreciating me but I don't bother about their comment I am happy with my life and that is important to me..
BHAI RENAULT SE SUZUKI IS MORE RELIABLE, AAPKE GAADI ME COST CUTTING BOHUT ZYAAD HAI - ENGINE CHAMBER NEECHE PLASTIC WILL CAUSE A BIG HEADACHE - ASK YOUR ENGINEER. BE CAREFUL.
I almost fell for this trap. I own a four year old honda jazz vx cvt, butter smooth. Not a single issue till now. 46k kms. Was planning to upgrade to elevate. Then i thought to myself, why ? I didnt need it. Now i am very much satisfied and plan to keep my car for another 6 years
I am 74 years, single, still driving in 80/90 kph speed on highways, driving 14 yr old Santro xing GLS runs like a song. Very sturdy with very quick pick up, strong AC. Next year l will extend registration for another 5 years. I will be 80 and on principle won't take long drive. Will keep this car until govt rules allow.
Hi sir/ma'am, since you mentioned your age ,I want to ask you a question as a 28 years old. When you were in your 20's or 30's ,what were the things that you thought were really important that now at 70 it feels like they were not important at all?? And what best piece of advice would you like to give to a 28 year old about life??
We are in Delhi NCR, with a 85k salary, and home loan EMI of 23k. Many a times I and wifey discuss about a car, but after some simple calculation, we arrive at a simple conclusion of not purchasing car and living happily. In Delhi NCR, Delhi Metro and Noida metro a working fine. Then state transporters like UPSRTC, UKSRTC, HPRTC, JKSRTC are offering some superior class Volvo bus and these days expressways, excellent roads are there. My 5 yr old Avenger Cruise 220cc is working superbly, rest we depend on Olas and Ubers. I certainly think that I don't need a car. Indian burgeoning middle class is running actually after only show-off.
A personal car is a must, get one used car even if it has to be Alto or Nano, in times of emergency u have your car to get from A to B. Just think it, we all fell sick, bhagwan na karre think like it, your wife aur children fall extremely sick that u need to rush to hospital asap (this case has happened with in my family end number of times) what will u do, will wait for Ola? Get a car buddy
U simply nailed it. One should always purchase a car while always keeping the practicality in mind. The car must be economical, spacious, comfortable n must give a feel good factor.
Yes a much needed information and piece of advice, i thought of upgrading to creata N line and it costs me close to 23+ lakhs i will stick on with Honda Amaze brought on 2018 it still works fine and has Honda reliability I wanted to change only because of my friends peers and cousins and none are going to support me financially anytime, so it would make sense for me to save this money and use them to buy me home sometime later in the future.
So glad to see your honest review. This is one of the best video I have seen in recent years where a person is giving the right suggestions to the people.
Really eye-opening session. In ongoing glam sham , permanent liability are created for permanent headaches in form of EMI. Aur Sach baat hai , kisi ko koi farak nahi padta ki aap kya chalate ho.
Hatchback is the best for city use + some extend highway use also, Punch,Tiago, i10 nios, swift bas enough. It is better to buy a Flat of 30-50 lakhs rather than a car..
Seven years later, my elite i20 continues to run flawlessly. I originally intended to sell it after a decade, but you've changed my perspective. Now, I plan to drive it for fifteen years.
I followed your opinion and suggestion and made decision 3 years back for buying a car, and today after 3 years I am thankful to you that I made right decision.. car is fuel efficient and comfortable in riding without any issue. Keep educating us like this..
Currently my go to recommendation for family purpose is either MS Baleno or Fronx(1.0 turbo) if going for a hatch. In sedans Honda Amaze is a very practical car for everyday use and long touring. In sub compact SUVs, either sonet or brezza. This is my upper limit and I'll not go for anything higher than this segment. I may compromise on few gimmicky features but I'll not have any major reliability issues as well. Because as the elctronics keep getting loaded in a car, so are the reliability issues. I'm not interested in Tata or Mahindra because of small niggles those cars have.
@@bhupinderbajwa5 what was the exchange price of Alto? I am also planning to exchange my 8 yr old Alto for Brezza base LXI variant. They quoted 2.2L for my old Alto..
@@SanthoshKumar-in4dl I didn't exchange my Alto because of some reason I emotionally connected with my Alto. In terms of exchange I think Maruti,s True Value give better value.
Sir, very well said, I am still using 2010 model ford ikon diesel, very much practical vehicle, giving 21 kmpl, insurance is only 11k per year, want to continue till it lasts.
Your video supported my decision not to buy the new Creta diesel with a sunroof. I have a Swift diesel top-end with a smooth 22 km mileage without any issues... Thanks..
I love my 2nd generation HONDA CITY (original Japanese) but 15 years rule is hurting. Specially when all the pollution is being monitored by the govt. It's unnecessary and unjustified to force to scrap the vehicle which is running well under the pollution limits.
The most sensible and practical piece of information, counsel and wisdom ever spoken on an Indian car channel! I hope Indian millennials and Gen Z car buyers will watch this once before buying any car. Keep up the good work!
What you said is very true My dad once said if you cannot buy something by paying it in full You are not worthy to own it. Be it car or phone We bought the National family car of India, Wagnor zxi+ top model but didn't finance for it. When I will start earning maybe I will switch to a sedan of Toyota I don't love SUV at all
Gaganbhai ekdum perfect bola aapne. I owned Maruti since 20 years only yearly service visits were now after buying SUV almost every 3 months I land up in service centre. 👍👍
I had done 2.5 lakh km in maruti 800 (2002 model) and 3 lakh in alto k10 (2011 model )no major issues came and was sold with original engine ......now I have wagonr (2021 model) with 70k km done and still runs like new .......maruti engines are best even with bs6 norms
People are buying suv not just because of the trend. The fault lies also in the infrastructure and reducing parking spaces. For example I chose suv because of their class leading GL and a sedan was not fitting in my garage which is why I went for elevate instead of city even though I wanted city since childhood.
@@ranitsen4491I really don't understand your point. SUV is bigger than Sedan class. How come you upgrade from Sedan to SUV if your Sedan wasn't fitting in your garage?
I bought baleno in 2017 still now running like a new car planning to keep for another 3 years people will say dabba and all stuffs but it never kept me standard on middle of the road
Beautifully explained! You have covered the reasons for not buying a new car and the advantages of sticking with your current one without diving into the technicalities of depreciation. There's no need to join the rat race.👍
Excellent episode....so very thoughtful of you. Middle class ' misplaced sense of aspiration needs such direct, in-your-face shake ups.... But pls do NOT leave out your signature "Kaise Hain Aap!"😢
Sir definitely it was eye opening video, totally agree 👌🏻 i was about to sell my brezza vdi automatic 2019 model just 5 yrs old car which had done 55k kms only & but dropped the plan because of emi .
SUVs are a nuisance on Indian roads. Their drivers are no different. Govt needs to promote small cars for India and not these environmentally detrimental SUVs. Its just crazy.
THERE IS A CAR MANUFACTURERS LOBBY WHICH TAKES DECISIONS, THEY ARE NOT WORRIED ABOUT US OR THE TRAFFIC OR ANYTHING. RULES ARE MADE TO SUIT THEM, NOT US. SAMJHO
Great video. I am planning creta top model costing on road about 22lakhs. I have Honda City which 18yrs old and running smoothly.it's validity will be over in 2years. I am retired person. Now I am having second thoughts whether to go for such costly depeciating asset that too when my running is about 400km a month mostly in city. I have parking issues too. Will review my decision. Thanks for this new insight.
Sir, you have excellently explained about the unnecessary spending on big, super luxury cars and SUVs by middle class people just to show off. As you said, it becomes a mammoth amount if EMI, annual Insurance premium, maintenance (service) cost etc are added. Many people ended up by disposing off these 'white elephants' after two or three years. In my opinion, if you don’t believe in 'showbazi' and your usages is limited, go for a well maintained small or medium sized used car. Buying cost will be very less and annual insurance amount will also be within your budget. Sir, please make video giving your valuable advice on buying used cars.
perfectly said Sirji I could have gone for XUV700 topend petrol but didnt go overboard with the new purchase and choose XL6 Alpha+ MT since that satisfied most of my requirement at almost 50% of the cost
Even me too thinking like that but only panoramic sunroof and safety is the concern 😢. I'm thinking of buying AX5 . Don't know if that's the correct decision or not
@@rajeshv4068 XUV700 is an awesome package overall pls dont get me wrong -- I choose XL6 over XUV700 bcz that suited most of my requirements that too at a lower price My suggestion will be: First evaluate your needs & why you want to purchase a new car Then figure out your finances - This will give you price range Take multiple testrides (alone & with family) of whatever cars you've shortlisted Then take an informed decision About safety: dont blindly compare 5stars vs 3stars About panaromic: Sunroof is not a necessary feature imho If you are still confused than Mycarhelpline provides paid guidance services -- you can opt for it -- it will be a wise investment Note: I am not in anyway related to Mycarhelpline buiness Best wishes Keep us posted what you went for & why
Car Manufacturers & Banks be like: Arey baap re ye to dhoti khol raha hai. . . . Anyways such a relevant video. Every word makes so much sense. Kudos for such practical advice.
Bro spoke my heart and hence I have subscribed! I am surrounded by friends and colleagues who are going for 4 wheelers (all above 15 lacs). And believe me , many of them are having a package below 80k/month. Being surrounded by the mob, it actually gets difficult to control your desire of wanting to own a big vehicle. This video has given me the motivation not to walk on their path. I’ll stick to 10 lacs 🙏🏽
You are the only person who raised this sensible topic, i hope this sheep race and herd mentality people will understand if theh saw this video, subscribed!
@@ambrishkumar2905it's not about issue. It's a feature which is meant for cold countries, not a hot country like India. The cons are more than the pros.
I love panoramic moonroof/sunroof, i live in goa with six month rain , 3 month winter, and love to drive with open roof in mornings and night rides in this tropical forest with no pollution at all.
Thought of buying BMW x1 or gran coupe series 2 but even with BMW finance scheme , with down payment of 20 laks , EMI will be 39k for 59 month and last EMI is 26lak to keep the car or if u decide to leave the car , don't pay the last EMI , BMW will take away the car ... However decided against this plan and went for buying skoda Slavia prestige 1.0 turbo AT top model without any EMI ...I think, I took a good decision
After one month of driving Slavia 1.0 AT top model , this car only needed a dashcam , I have installed Qubo dashcam the best one that has ADAS , so Slavia now almost has everything , very smooth to drive , pickup is very good without any lag ... steering is like butter even in busiest roads of Kolkata, u will love to drive , well u can do PPF of 200 micron thick if u are extremely careful about paint protection, I did it from 3M car care Topsia , they do pretty good job but without any discount or cost consideration ...Slavia driving comfort is very very close to BMWx1 and yes , I m not at all repenting and saved EMI 39k !!!
@imagination359: His opening line is purposefully devoid of emotion and speaks logically about needless showing off in buying large cars when not needed. Even he knows his opening punch line is very popular so why else would he not use it when it is always delivered in his last 500 videos.
Absolutely bang on. One needs to know his or hers requirements and think if an upgrade is really going to benefit or it's only to meet the social status pressure. I own a Baleno bought in 2017 and can easily upgrade to a car In the range of 20-25 lakhs but whenever this thought strikes me I only think about the financial impact and pass it on.
Bhai sahab bohot hi sahi baat ki hai aapne! Mene apni 8 Lac ki new Wagon R ki booking cancel karke 2019 Ford Figo Titanium kharid li 4 lac me! Just because I wanted to avoid the EMI.
Very nicely presented. I was in the process of checking out new cars although I own one that is AMT and works just fine, just so that I could buy a bigger vehicle for the family. But your video helped me to make a decision of not buying a new car as you rightfully said that at the end of the day car is an asset whose value keeps depreciating with time ..almost a liability. Thanks once again for an honest presentation. God bless
Isilie bolta hun. Buy Honda cars. Reliable, no nonsense, easy to maintain cars. Decent fuel economy. Has all important features . Lacks gimmicky features
Totally agree. When I bought my first car Alto K10, our car EMI was just about 5-6% of our income. I drove that for 5 years and when we got blessed with kids, we wanted to buy a safer car. And then we bought Tata Altroz Turbo. We are paying less than 5% of our income for the EMI for this one. And I am planning to keep this car as long as I can probably for even 10 years+. Of course, there are other EMIs including two house loans. Our total EMI burden is around 25-30% of our income. And we are saving and investing around 30% and the rest are expenditures. So, we need to plan our finances carefully. Although, I feel our total EMIs are still higher than what I would have liked, but still it is manageable.
Car and House are 2 things where u should not compromise if u can afford to buy.. if I am buying 20 lakhs car I would pay 9-10 lakhs downpayment n my EMI would be around 20k..person earning 2 lakhs per month can give 10 lakhs as downpayment. Why I would only pay 2 lakhs downpayment !!
Don't buy wagon r, you can buy VW Polo, stretch a little bit of your investment, purchase a tw airbag and sturdy vehicle it's safe for your family. I owned the same VW vento
Meri akhe kholdi apne... mera dil bhi same to same kar rahatha..ki me bhi ek badi car purchase karlu ...but ye video dekhne k bad reality feel hogai... Thank you so much for the video information.
I own a 12 year old wagonr petrol in Cochin city. My average mileage is about 500km a month. I am 29 yrs. The kind of pressure I have to deal from my family to buy a new car is crazy 🤣🤣 I told them how i find it useless to invest 30k/m for a car that stays in the garage for most part. For longer drives which I feel my wagonR would be uncomfortable i rent an Innova. In my city I can rent an Innova for 3 days for just about Rs 12K. That's like I am keeping aside 1000/m for some long drives. I am very proud this decision for the following reasons. 1. As per company policy the maximum liability I have if some damage happens to the rented car is about Rs 37000 in my city. 2. Including fuel expense the rent is only Rs 12K meaning I can stretch myself to even 3 or 4 such long trips a year accounting to only Rs 3000/m . 3. I don't have to worry about hefty EMIs. 4. I don't have to worry about changing tyres, servicing, modifying or any such things 5. I don't own something that is depreciating in value day by day. 6. I can try out different vehicle based on purpose. 7. Whatever money I save by not paying any EMIs, i can invest on assets as well my business that will grow and build by net worth. Extremely proud that I do not own a car and am unaffected by my cousins and friends buying new vehicles. Such a peaceful life. PS - I have invested well on my personal insurance for medical as well as term.
Bought Creta base variant mar 2021. Rs 11.5lakhs on road. Paid EMI of Rs 15100/- for 3 years. Sold April 2024 @Rs 8.35lakhs after 33k km . foreclosed loan. Not to mention petrol and running cost for 3 years. Loss hi loss. Show - Off ki chakkar main bahut loss ho gaya. Reason for selling - EMI chalana muskil ho raha tha being middle class with family 2 kids and parents. Now I use my brothers 2010 model Alto whenever I need. It has AC and power steering. I m happy to be free from EMi and depreciation. Peace of mind .
Edit 1 - Forgot to mention something. I learnt that people don't care about your after market mods. I had done mods worth about 1.5 lakhs like 10.25 inch screen , Harman component speakers, faux leather seats , steering mounted controls , 16 channel amp etc, all people kept asking to judge it's price was whether it has sun roof or not. People really don't understand variants. They judge by three things , alloy wheels, touch screen and run roof .
Edit 2. Some people are asking about my income. Well my salary is Rs 14.5 LPA. Some people are also saying that it's my fault as u couldn't manage my finances, well yes it was a very expensive mistake but no amount of salary and high income can justify the unnecessary 40% taxation especially on 4m+ cars and the instant depreciation once the car leaves the showroom. Even super rich people don't buy cars in their name , they take it in their company's name and avail tax benefits. Only middle class fools like us will run to the showroom at the first opportunity and somehow manage 1-2 lakhs and take a loan for the rest amount. Cars are and always will be a dead investment. It's a trap, all these glitz and glamour, don't fall for it.
u were lucky Creta thi shayad isliye itne ache rate mil gye 3yrs old car ke
😂😂😂😂😂 what a nice story. Funny to read
Next time buy the top variant instead of base😊
Nice story and good decision.
Then why invested 1.5 lakh if you had 2 kids ...... bro show off krne kliye invest kro portfolio bnao car to aa hi jaegi ...... And secondly car use k hisab se lo not to impress or bhaukal
A True Car Expert and You-tuber , Always thinks about his viewers. Hats off sir
Such me 🫡
Very true, its somewhat expected for car channels to be on the passionate side, but its in the interest of viewers to present the sensible side.
Bottom line. If you can buy it without loan and keep it for 20 years, then it’s worth spending.
Then buy secondhand with good engine
@@FrebelRMarak-x9bsecond hand is difficult for 20 years.
Which is possible only when someone has stash of black money
@@SHVdasnot really. If you save, you can do it. Bought 3 cars in last 20 years (alto,i20 and city last week) all bought for cash. Only thing you should avail loan is to buy a house, nothing else. Especially not a car. And I am a salary man. I don’t do business.
@@abominusrex3205 good for you man. And thanks for common sense comment
This current generation definitely needs to see this video!
It hurts 100% when someone you know is purchasing an expensive car beyond their capacity but doesn't even have an entry level health insurance to support his family in an unexpected situation.
Very true. People are investing in unnecessary things rather than health insurance.
Completely agree
True
Correct✅
Well said ❤
I am a senior finance professional. After a long time find such a logical, truthful presentation from someone from the next generation. Great job done.🎉
Sir senior kya hota he 😂
@@user-ew9fm2rv6xjunior ko samaj nahi ata wohi senior hai . Read his comments senior or junior not a matter in message
@@khajamd2784 wah oye tere sher . Tera mama lagta he jo tuje pta he junior oe senior aur hamara dimag hi ni he comment padne ko .
Don’t a buy a single word of this video, ek gaadi ho to dusri le lo. Bahot “majhaa” aayega.
What's sickening is how Indian brothers n sisters are tolerating this 10-15 year scrap rule. It's nothing to do with pollution! A new car popping out of production line causes way more pollution! The rule forces to change Car and it's like a subscription model for car companies. Politicians are bought and rules are enforced. Citizens are loosing big.
In gulf countries first 10 years car doesn't need police inspection from 11th year you have to pass it every year police thoroughly checks your vehicle for emissions, tyres engine etc.
Exactly, a well kept well maintained car is as good as new
Sunroofs are the most useless feature in India, but still people want them for showbaazi.
True, and if someone wants to buy an automatic base model...these companies offer them with sunroof jacking up the prices .
It's not the sunroof but they give some good features only in top model which has sunroof
True. I own a Brezza ZXI. Not once I have opened it. Given the weather we have in India. We do not need sunroofs here.
90% ppl dont know the use of sunroofs. Sunroofs are meant for specific places and uses.. but in India things are bought for showoff not for the use...
In India sunroofs are bought for poking head out 😂😂
Specially chapri bcche muh niklkr khade hjte h
Asli ke note - if u want savings mentality use real cash.
Very good advice.
Cannot believe someone on UA-cam will give genuine advice. Hats off to you ❤
best advice on finance till date
💯💯💯
Yes buddy it hurts to spend the physical cash! He has given the best advice
Agreed... 👍 👌
Good Health
Own House
3 friends for life
1 Polo GT
2 Indian Breed Dogs
Nothing more Nothing less
Own house in north-east state
@@Aston_martin69Not allowed except in Assam & Tripura.
@@thewonderer9551 kya? Apna ghar allowed nahi hai!
@@Aston_martin69 North East mein kahan?
@@Shashuman_Viraja94 Yes. Except Assam & Tripura, in other states, outsiders are not allowed to buy lands. Baas local log he ghar bana sakta hai.
i20 owner here, 14 years and counting in NCR. The car still runs smoothly but this 15 year rule is gonna be a big headache next year
Same here-.. Driving i20 sports in Delhi.. Total KM done 71000,, No problem with the Car.. Problem is the 15 year rule.. Else, I would'nt be planning for a new car.. 😪
@@ambertandon How are you going to cope up with the pain of scrappage dude? Guide me as well 🥹
I sold two diesel cars in delhi, scraped....... 10 year nonsense here.
@@Reddylion Painful
@@calmandrage yes bro..... paise barbad......
Middle class people must not Cross a budget of 14-15lks maximum (on road price) when buying a car.
10 bhi nhi krna chahiye
20 L is the highest limit in 15 u will get nothing 😊
10L should be max
Agree
Total onroad price should be less than half of your annual income.
When a person whose benifit is in selling new cars uploads such video, this deserves respect and shows honesty. Hats off
2010 My father bought first car Alto with cash. Used it till 2017. Wanted to buy new swift, which could cost me 8 Lakhs on road. Dad said only one thing. Never buy depreciating assets with loans. So with the 4 Lakhs cash I had, I bought used swift zxi in excellent condition and still using it.
Tera baap to tez nikla.
Best advise ever
Intelligent thinking
Thank you bro, your father gave you and you gave us the best advice ever .
I am a doctor with fairly good salary and i am driving a 2011 chev BEAT..people all around me r buying cars beyond their salary cap with EMIs & then they hv to earn for that bank..nvr understood why & how..most ppl r buying for show off!!!
Hello doctor beat is not your personality you have to buy brezza minimum or creta
Dude rocking a Chevy and you are suggesting him Maruti Suzuki 😂
Hi Doctor, I support your judgment. You are doing well. People are crazy about the new cars. Please keep it till you sip the last drop of juice out of it. I own ecosport and have no issues with it. I have tried every car from c suv to big suv like harrier and xuv700. They are not like the old ones. You feel something is missing in them.
I am afraid to change my ecosport as I feel there may not be any other car like it.
You rock with the old ones only. Keep rocking doctor
I'm also happy with my Beat LT..
@@dkstyles9612 I don’t think a car or ur clothes or anything superficial should define ur personality brother..maybe that’s d problem wd our generation..personality is wat we r as a person!!
One thing which everyone fails to understand. Cars are not asset, they are consumables. Similar to AC, Fridge, mobile etc... You buy it for luxury, not to earn profit on sale.
Sometimes it's necessity also...can you argue mobile is not a necessity nowadays?
There are utilities. If these utilities improve ur quality of life, then buy it. But our Govt. Considers car as an asset but not utility. A social movement needed to change the Govt. Policy.
I'm driving a 15 years old Alto still running like a new one 😅
I won't buy car on loans 😞
It will run for another 15 years.
Me too happy with my 16 yr old Alto
My Swift vxi is 18 years and crossed 1 lac kms, never had any major issues. By spending around ₹2 lacs to restore and upgrade, I can use it for another 10 years ( if the govt permits) for my limited usage.
@@harshaddhavalikar9123 30 SAAL AUR CHLEGA - DONT WORRY 🤣
Mere hissab se MARRIAGE IS # 1 WEALTH KILLER of middle class . Not car
Exactly 👍 chalo, someone said this.
So true
Dikhawe ke chakkar main life svings khatam
Log kya kahenge , ghanta
exactly....very true
I thought you were telling about Thailand rather than marry
Hahahah , tu wealth hi kamaata reh poori Umar aur akela reh bhai , Bina partner ke zindagi bass aap jesa mahaan hi nikaal skta hai
The thumb rule is to buy a car worth half your budget. If your budget is 10 lakh, buy a second hand for a 5, if it's 5, and you don't get a good car, you're better off not buying a car.
Tires aur maintance ka kharcha badh jata hai
I am ok with my Ritz VDI, driven 2.2 lak, no issue..going tomorrow to cancel booking of Scorpio N
Mt kr bhai …. Pesa swarg Nhi leke jyega … pesa hai to enjoy kro
Bhai cancel kar de..us pese se duniya ghum sakte ho...
@@priyamyadav2278lo ek aur baap ka paisa udaane wala UA-cam pe mila
Sahi ...OOO paise kahi aur acchi jagah kharch Kariyoo aur loan se to Bach go loan k chakkar se bhayaa bahute
Most sensible decision of ur life 👌
Aapka trademark intro "welcome to mycarhelpline kaise hai aap log" miss kiya sir. Accha tha. It's ur unique style
kaise nahii kesse he aapa
Yep@@DailyLifeSolution
Kaise nahi kaisseyyy.... Hai aap log....
Kessse hai aap log😊
Finally someone tell truth about consumer buying behaviour,I purchased secand hand ford fiesta with cash and I am happy about with car, I was planning pay down payment and book a new car but Now i am happy No mentanance No EMI ha thoda mileage kam hai lekin chal jata 😊
Having a Ford is a proud feeling❤😂
Govt should reduce taxes on cars below 1000cc
Environment friendly step.
Small cars with decent ground clearance
Gaadi hi nhi bachi is segment me av to😢
@@akhilanand7821 Bhai sub 4 meter gadiya iss liye he bhari padi hai market me kyuki Tax rate Kam hai unpe.
Jessey he tax rate Kam hoga apne AAP dekhna sare manufacturers 1000cc me car utar dengay.
Btw Renault, maruti, skoda, Kia, hyundai etc still offers 1000cc cars(with and without turbo)
@@akhilanand7821 Volkswagen Taigun , great model - 999cc
The fact that he sat in a Honda City to make this video makes it even more good 😊
Purchased Range Rover velar and my down payment was my hard earned 28L now since last 11 months i am paying 74000 monthy and i just go to office to pay my monthly emi.....Really hate my decision now
At least you can cry inside Range Rover right
I have a 15 year old swift dzire zdi and will be renewing the registration. this car is very reliable even after 3 lacs kms on odo . I was thinking of selling this car and buying a new one. This video has opened my eyes to the financial mistake I would have made if I bought a new car.. I thank you sir for this great information.
Sir, your suggestions are very much valuable. You had suggested Michelin tyres for car in a video which you have uploaded a few years ago and I switched to Michelin for my elite i20. Seriously the tyres has hardly lost any grip even after driving the car for 50k+ kms after switching to Michelin, also it punctures less. The financial advices in this video also feels helpful. Thank you.
Michelin stopped selling tyres in india ?? Where did you find ??
@@sravank7105 I was lucky to find the last set of Michelin tyres at a store in 2022. The store owner had only one set left, and I snagged it!
This guy here is a gem of an individual...Absolute bang on explanation....people are going crazy on car loans without seeing the interest....Very well said sir...
I love my 15-year-old Honda City Sedan manual transmission petrol. It's reliable, with a smooth-running AC, spacious interior, and ample boot space. The original speakers still sound great, the analog instrument cluster is dependable, and the central locking works perfectly. The engine runs well, making driving enjoyable. No need for an upgrade!
bro i own a black honda city gen 3, one of the best decisions I have made.
Be carefull, traffic police is keeping an eagle's eye on 15yr old cars
I have a 6 year old used city 60k odo (4th gen) (I bought it used when it had 3 year & 38k odo), only problem it had was Rs.100 switch was replaced other than the usual maintenance (I don't follow Honda's every 1 year service bullshit).
@@wennwenn1422 oil change in 1 year is necessary. It can cause problems in engine otherwise.
@@sohel_naikawadi nahhh, it depends on how much you drive.
The statement that "car is a depreciating asset" is completely wrong. And the wrong part is "asset"
A car is not an asset, it is a commodity which you use and with use, its value will come down. So don't buy it like an asset, buy it like a commodity considering why you need it and will you be able to do justice to the hard earned money that you pay for it.
Car is definitely an asset if it is a commercial car
Absolutely true. A commodity is meant for consumption and it's bound to loose its value. One should buy whatever is in the reach.
A car is an asset if used for business, if it generates income like (renting) or if it improves productivity. A commodity is only for consumption.
Gagan is right in the video for calling a car an asset.
Most Indians today use cars as commodities and treat it like commodities whereas in other countries cars are maintained by car owners as if it's an asset to the owner. Older generation Indians treated the car as an asset and maintained it well.
All assets depreciate in value over time, so Gagan is right in stating the same as well.
👍
True, It is not an asset. How can any expect returns on expenses. 😅
100% Agree with you!
No Tata were harmed in the 32L wala example😂
Sahi hai TATA safari... 😂😂😂
😂😂Nice one brother😅😅
Safari is not for middle class people period....Its for upper middle class and rich people who already have a german luxury car at home. Their priority is comfort, luxury, safety and road presence. They are not bothered about middle class things like resale, service network, mileage, maintenance cost.etc. They are not bothered about minor electronic glitches, since they already have 2-3 other cars at home and also only few units have glitches not all of them. They know that if gadgets are there, there will be minor glitches.....
@@rps5952 stop defending a non relaible car... it has issues.. period.. and Tata sucks in QC
@@freaksumfrooksum true...
Well said..cars are white elephants. I am a Doctorate in Mech Engg and have handsome income. I drive a 800 cc Renault kwid NXT which has all the requirements like power windows, power steering, entertainment, AC and most Importantly fuel economy. It gives me 28 km/ lit on highway after running 85,000 kms. It is compact easy to maneuver, easy to park and almost zero maintainance cost. It's pickup is extraordinary, even big SUVs can't beat it and when i overtake them on highways, i feel sorry for them. My colleagues who earn half of my income drive SUVs and they drive only on weekends because for daily travel,the cost is exorbitant and parking at work place is big problem. Earlier they used to tease me but now they are appreciating me but I don't bother about their comment I am happy with my life and that is important to me..
City driving is fine, but what about safety in highways? Kwid probably received 0 star safety rating!
Do we need safety build quality in city rides?
And for god sake, if u r really unfortunate then no saftey is adequate in front of the luck.
BHAI RENAULT SE SUZUKI IS MORE RELIABLE, AAPKE GAADI ME COST CUTTING BOHUT ZYAAD HAI - ENGINE CHAMBER NEECHE PLASTIC WILL CAUSE A BIG HEADACHE - ASK YOUR ENGINEER. BE CAREFUL.
Renault KWID is 800CC? like Maruti 800?
KWID is very good. My friend is using it since last 6-7 years.
95% of cars sell out only because of easy loans. People don't understand what and how much they are borrowing from bank.
100% true.
But no one wants truth.😊
I almost fell for this trap. I own a four year old honda jazz vx cvt, butter smooth. Not a single issue till now. 46k kms. Was planning to upgrade to elevate. Then i thought to myself, why ? I didnt need it. Now i am very much satisfied and plan to keep my car for another 6 years
Brio 12 yrs. smooth
Same here, already have a good functional car, but the temptation is real 😢
@@sharonpaulson31 haha yea - it feels druggy 😅
@@sharonpaulson31 yeah, specially since these auto channels cropped up
I own jazz vdtec. Its absolute fam car going strong with zero complaints since 9years..jazz is very reliable but it falls under premium segment
I am 74 years, single, still driving in 80/90 kph speed on highways, driving 14 yr old Santro xing GLS runs like a song. Very sturdy with very quick pick up, strong AC.
Next year l will extend registration for another 5 years. I will be 80 and on principle won't take long drive. Will keep this car until govt rules allow.
Hi sir/ma'am, since you mentioned your age ,I want to ask you a question as a 28 years old. When you were in your 20's or 30's ,what were the things that you thought were really important that now at 70 it feels like they were not important at all?? And what best piece of advice would you like to give to a 28 year old about life??
@@sampadebroy3657 Same query as an 21 year old guy to @Rational
Which city do you stay in, as you mentioned that you can get the Registration extended. This is not permitted in Delhi-NCR or other large Metros
🙏❤
My family has only 3 members. so i bought Ignis car . Small car but reliable.
Smart buyer, vaise hyundai i20 etc bhi good.
Fantastic car..in fact the most underrated in maruti
It has best in segemt engine and very good balanced suspension of all maruti small car .
It looks cute but spresso would have been better 😂
3 people also it won't save in major accident.. change ur car.
We are in Delhi NCR, with a 85k salary, and home loan EMI of 23k. Many a times I and wifey discuss about a car, but after some simple calculation, we arrive at a simple conclusion of not purchasing car and living happily.
In Delhi NCR, Delhi Metro and Noida metro a working fine. Then state transporters like UPSRTC, UKSRTC, HPRTC, JKSRTC are offering some superior class Volvo bus and these days expressways, excellent roads are there.
My 5 yr old Avenger Cruise 220cc is working superbly, rest we depend on Olas and Ubers.
I certainly think that I don't need a car.
Indian burgeoning middle class is running actually after only show-off.
Delhi has a very reliable and extensive metro network - which is not the case with all cities though
Yes, as long as i was in Delhi, i never felt the requirement for a car. Ola and Uber are way better and convenient, whenever metro doesnt suffice.
A personal car is a must, get one used car even if it has to be Alto or Nano, in times of emergency u have your car to get from A to B.
Just think it, we all fell sick, bhagwan na karre think like it, your wife aur children fall extremely sick that u need to rush to hospital asap (this case has happened with in my family end number of times) what will u do, will wait for Ola?
Get a car buddy
@bhavyajain1379 Ambulence
@@userre85 good luck with that..
I purchased a BMW electric car with EMI of Rs = 89000/-😅 same I hate my job but I go to work just to pay EMI to BMW Sad life 😢
No tension brother you are crorepati 😊
Same here but my EMI is 6000/😂
Tel or bori or le le
Congratulations 🎉
That's one way of start loving your job!
U simply nailed it. One should always purchase a car while always keeping the practicality in mind. The car must be economical, spacious, comfortable n must give a feel good factor.
Yes a much needed information and piece of advice, i thought of upgrading to creata N line and it costs me close to 23+ lakhs i will stick on with Honda Amaze brought on 2018 it still works fine and has Honda reliability I wanted to change only because of my friends peers and cousins and none are going to support me financially anytime, so it would make sense for me to save this money and use them to buy me home sometime later in the future.
Superb thinking bro... Long term plan is... 🤜🤜🤜👍👍👍
Great 👌
So glad to see your honest review. This is one of the best video I have seen in recent years where a person is giving the right suggestions to the people.
Really eye-opening session. In ongoing glam sham , permanent liability are created for permanent headaches in form of EMI. Aur Sach baat hai , kisi ko koi farak nahi padta ki aap kya chalate ho.
Hatchback is the best for city use + some extend highway use also, Punch,Tiago, i10 nios, swift bas enough.
It is better to buy a Flat of 30-50 lakhs rather than a car..
Also railways have season ticket first class to get you to work ....
Kids should learn to walk to school .
Like I did. !
Sunroof makes car look airy..i love panoromic sunroof not as a showoff. Reduces motion sickness (vomiting)
Indian automobile never been good in making sunroof techs. Better go for german aur Japanese sunroof auto maker.
My wife sufferes from it..Does Sunroof reduces motion sickness?
Sunrooof not required
@@mohankrishna648Sunroof is required in cold countries for sunlight. But Indian's feel sunroof is a best feature for cars. 🤔🤔😃😃
This is a highly underrated video. This video should be made mandatory for new car buyers!
Seven years later, my elite i20 continues to run flawlessly. I originally intended to sell it after a decade, but you've changed my perspective. Now, I plan to drive it for fifteen years.
You are the most important , seriously helpful, and 100% genuine GUIDE on cars in entire UA-cam
Already companies are struggling to sell the cars😂😂 and you are killing the desire of the people to buy the car.
Used cars are as expensive as new, but new cars are becoming expensive due to emission norms that give an edge to used car prices.
Only if gst is less than price will decrease of new cars
He's telling the truth and practically
@@FAS_M6if you are getting good deals second car are still the best option
Perfectly sincere and Very useful information and advice.
Yeh kahi apne sahi baat, i own Grand i10 since 2016 without a single problem, and dealer calling repeatedly to exchange with SUV
Same here 😂😂😂😂
Bhai huma bhi bol raha tha hyundai wala humba bola free ma dena hain toh bola warna agli barr sa phone mat karo
I followed your opinion and suggestion and made decision 3 years back for buying a car, and today after 3 years I am thankful to you that I made right decision.. car is fuel efficient and comfortable in riding without any issue. Keep educating us like this..
Currently my go to recommendation for family purpose is either MS Baleno or Fronx(1.0 turbo) if going for a hatch. In sedans Honda Amaze is a very practical car for everyday use and long touring. In sub compact SUVs, either sonet or brezza. This is my upper limit and I'll not go for anything higher than this segment. I may compromise on few gimmicky features but I'll not have any major reliability issues as well. Because as the elctronics keep getting loaded in a car, so are the reliability issues. I'm not interested in Tata or Mahindra because of small niggles those cars have.
I also purchases Honda Amaze top model in 2024 after maruti Alto base model for 15 years
@@bhupinderbajwa5 what was the exchange price of Alto? I am also planning to exchange my 8 yr old Alto for Brezza base LXI variant. They quoted 2.2L for my old Alto..
@@SanthoshKumar-in4dl I didn't exchange my Alto because of some reason I emotionally connected with my Alto. In terms of exchange I think Maruti,s True Value give better value.
Sir, very well said, I am still using 2010 model ford ikon diesel, very much practical vehicle, giving 21 kmpl, insurance is only 11k per year, want to continue till it lasts.
Your video supported my decision not to buy the new Creta diesel with a sunroof. I have a Swift diesel top-end with a smooth 22 km mileage without any issues... Thanks..
I love my 2nd generation HONDA CITY (original Japanese) but 15 years rule is hurting. Specially when all the pollution is being monitored by the govt. It's unnecessary and unjustified to force to scrap the vehicle which is running well under the pollution limits.
Yes sir, specially for only Delhi ncr
agreed
U wanna sell?
Right
Absolutely Ajayji.
Government cannot force such things on us
I am driving Maruti Esteem 1996, which is in very good condition
The most sensible and practical piece of information, counsel and wisdom ever spoken on an Indian car channel!
I hope Indian millennials and Gen Z car buyers will watch this once before buying any car.
Keep up the good work!
What you said is very true
My dad once said if you cannot buy something by paying it in full
You are not worthy to own it.
Be it car or phone
We bought the National family car of India, Wagnor zxi+ top model but didn't finance for it.
When I will start earning maybe I will switch to a sedan of Toyota
I don't love SUV at all
Salute to ur dad
If you're buying, what is not necessary,
then one day you will have to sell, what is necessary. 🤔🤔😃😃
Middle class should not spend more than 6 lakhs for a hatchback or more than 10 lakhs for a mid size car. Many cars are available in this range.
you are the first auto reviewer i subscribed... thank you for resetting the customers/viewers and making them think.
Gaganbhai ekdum perfect bola aapne. I owned Maruti since 20 years only yearly service visits were now after buying SUV almost every 3 months I land up in service centre. 👍👍
Which suv
I had done 2.5 lakh km in maruti 800 (2002 model) and 3 lakh in alto k10 (2011 model )no major issues came and was sold with original engine ......now I have wagonr (2021 model) with 70k km done and still runs like new .......maruti engines are best even with bs6 norms
The worst thing about SUV trend in Bharat is sedans have just vanished ! Sedans are way better than SUVs and it's sad !
Speed breaker se tootne k liy . Har gali me har ghar se pehle aur har ghar k baad speed breaker nahee 1-1 feet car breaker hote hain.
People are buying suv not just because of the trend. The fault lies also in the infrastructure and reducing parking spaces. For example I chose suv because of their class leading GL and a sedan was not fitting in my garage which is why I went for elevate instead of city even though I wanted city since childhood.
Bad roads and unscientific constructions are the reason why people buy tall hatches
@@ranitsen4491I really don't understand your point. SUV is bigger than Sedan class. How come you upgrade from Sedan to SUV if your Sedan wasn't fitting in your garage?
@@TruthPrevail777 honda city is longer in length than elevate. Same thing for kushaq or taigun length is smaller than slavia or virtus.
I bought baleno in 2017 still now running like a new car planning to keep for another 3 years people will say dabba and all stuffs but it never kept me standard on middle of the road
Just 10 years ?
aaj tak ka sabse hit vidio .... mujhe 5 saal ho gaye car news dekhte dekht par ......aaj sahi gyaam mila
बहुत अच्छी सलाह,
पहली बार किसी ने दिया तो वो आप है l
धन्यवाद सर l
दिखावा पन लोगों के जीवन को मुश्किल बना रहा है l
Beautifully explained! You have covered the reasons for not buying a new car and the advantages of sticking with your current one without diving into the technicalities of depreciation. There's no need to join the rat race.👍
Excellent episode....so very thoughtful of you. Middle class ' misplaced sense of aspiration needs such direct, in-your-face shake ups....
But pls do NOT leave out your signature "Kaise Hain Aap!"😢
I was thinking selling my old car and buying new one but your video opened my eyes i will renovate my car instead 😊.
This is my favourite channel for anything about cars. Always true & sincere presentation.
Salute.
Nothing Wrong with Buying an Expensive car only if u can afford it
dont buy car bexouse u can afford it. buy it if you need it
Sir definitely it was eye opening video, totally agree 👌🏻 i was about to sell my brezza vdi automatic 2019 model just 5 yrs old car which had done 55k kms only & but dropped the plan because of emi .
Highlighting the main issue - wealth destruction through emi! You earned a like👌🏻
SUVs are a nuisance on Indian roads. Their drivers are no different. Govt needs to promote small cars for India and not these environmentally detrimental SUVs. Its just crazy.
THERE IS A CAR MANUFACTURERS LOBBY WHICH TAKES DECISIONS, THEY ARE NOT WORRIED ABOUT US OR THE TRAFFIC OR ANYTHING. RULES ARE MADE TO SUIT THEM, NOT US. SAMJHO
Great video. I am planning creta top model costing on road about 22lakhs. I have Honda City which 18yrs old and running smoothly.it's validity will be over in 2years. I am retired person. Now I am having second thoughts whether to go for such costly depeciating asset that too when my running is about 400km a month mostly in city. I have parking issues too. Will review my decision. Thanks for this new insight.
SUVs aren't nuisance. Yeah, crossovers are for sure.
They way you explain it I would say I never heard such advice so far from any automobile youtuber. Very well done sir, 👍
Sir, you have excellently explained about the unnecessary spending on big, super luxury cars and SUVs by middle class people just to show off. As you said, it becomes a mammoth amount if EMI, annual Insurance premium, maintenance (service) cost etc are added. Many people ended up by disposing off these 'white elephants' after two or three years. In my opinion, if you don’t believe in 'showbazi' and your usages is limited, go for a well maintained small or medium sized used car. Buying cost will be very less and annual insurance amount will also be within your budget.
Sir, please make video giving your valuable advice on buying used cars.
perfectly said Sirji
I could have gone for XUV700 topend petrol but didnt go overboard with the new purchase and choose XL6 Alpha+ MT since that satisfied most of my requirement at almost 50% of the cost
Even me too thinking like that but only panoramic sunroof and safety is the concern 😢. I'm thinking of buying AX5 . Don't know if that's the correct decision or not
@@rajeshv4068 XUV700 is an awesome package overall
pls dont get me wrong -- I choose XL6 over XUV700 bcz that suited most of my requirements that too at a lower price
My suggestion will be:
First evaluate your needs & why you want to purchase a new car
Then figure out your finances - This will give you price range
Take multiple testrides (alone & with family) of whatever cars you've shortlisted
Then take an informed decision
About safety: dont blindly compare 5stars vs 3stars
About panaromic: Sunroof is not a necessary feature imho
If you are still confused than Mycarhelpline provides paid guidance services -- you can opt for it -- it will be a wise investment
Note: I am not in anyway related to Mycarhelpline buiness
Best wishes
Keep us posted what you went for & why
Car Manufacturers & Banks be like: Arey baap re ye to dhoti khol raha hai. . . .
Anyways such a relevant video. Every word makes so much sense. Kudos for such practical advice.
Bro spoke my heart and hence I have subscribed!
I am surrounded by friends and colleagues who are going for 4 wheelers (all above 15 lacs). And believe me , many of them are having a package below 80k/month.
Being surrounded by the mob, it actually gets difficult to control your desire of wanting to own a big vehicle.
This video has given me the motivation not to walk on their path.
I’ll stick to 10 lacs 🙏🏽
You are the only person who raised this sensible topic, i hope this sheep race and herd mentality people will understand if theh saw this video, subscribed!
Sunroof is not for hot countries like India
I have sunroof car n never faced any issue
@@ambrishkumar2905it's not about issue. It's a feature which is meant for cold countries, not a hot country like India. The cons are more than the pros.
Bhai Delhi me thand padti hai november se March Tak dhoop nhi dikhti
I love panoramic moonroof/sunroof, i live in goa with six month rain , 3 month winter, and love to drive with open roof in mornings and night rides in this tropical forest with no pollution at all.
Thought of buying BMW x1 or gran coupe series 2 but even with BMW finance scheme , with down payment of 20 laks , EMI will be 39k for 59 month and last EMI is 26lak to keep the car or if u decide to leave the car , don't pay the last EMI , BMW will take away the car ... However decided against this plan and went for buying skoda Slavia prestige 1.0 turbo AT top model without any EMI ...I think, I took a good decision
After one month of driving Slavia 1.0 AT top model , this car only needed a dashcam , I have installed Qubo dashcam the best one that has ADAS , so Slavia now almost has everything , very smooth to drive , pickup is very good without any lag ... steering is like butter even in busiest roads of Kolkata, u will love to drive , well u can do PPF of 200 micron thick if u are extremely careful about paint protection, I did it from 3M car care Topsia , they do pretty good job but without any discount or cost consideration ...Slavia driving comfort is very very close to BMWx1 and yes , I m not at all repenting and saved EMI 39k !!!
The first most practical discussion...
Dil aur dimag ki ladayi hai
Aap kiski mante hain , sb us pr depend krta hai
Missing the old intro....
Sunny deol wala ?😂
Me too....kaiseeee hai aap log...😅
He purposely avoided it as this time his video is about avoiding large car spends when not needed.
@@ShouryaSingh6609 large car ko avoid kare na dailog se kya hai😃
@imagination359: His opening line is purposefully devoid of emotion and speaks logically about needless showing off in buying large cars when not needed. Even he knows his opening punch line is very popular so why else would he not use it when it is always delivered in his last 500 videos.
Thanks for making this thoughtful video. We need more UA-camrs like you instead of the one promoting lavish cars.
The biggest trap is easy car loan availability. RBI has already given warning about loans being distributed indiscriminately.
rbi should add stringent guidelines too...lack of good people in leading positions
Safety is the most important criteria, I would compromise on reliability for safety. Everyday hundreds of people are dying for unsafe car
Rash driving, drunk driving cause accidents and death.
someone died in volvo due to truck driver...India mein sirf politician and ultra rich safe hai
Absolutely bang on. One needs to know his or hers requirements and think if an upgrade is really going to benefit or it's only to meet the social status pressure. I own a Baleno bought in 2017 and can easily upgrade to a car In the range of 20-25 lakhs but whenever this thought strikes me I only think about the financial impact and pass it on.
Bhai sahab bohot hi sahi baat ki hai aapne!
Mene apni 8 Lac ki new Wagon R ki booking cancel karke 2019 Ford Figo Titanium kharid li 4 lac me! Just because I wanted to avoid the EMI.
Sahi kiya half price mein wagon r se better car le kar 👍
Figo Titanium spares you won't get easily.. WagonR is silly car, it can kill you in accident !
So practical.
A big thumbs up.
I have spresso, my drive is in city mostly. And I am very happy with my car.
Very nicely presented. I was in the process of checking out new cars although I own one that is AMT and works just fine, just so that I could buy a bigger vehicle for the family. But your video helped me to make a decision of not buying a new car as you rightfully said that at the end of the day car is an asset whose value keeps depreciating with time
..almost a liability. Thanks once again for an honest presentation. God bless
Much required reminder 🎉 thank you
Isilie bolta hun. Buy Honda cars. Reliable, no nonsense, easy to maintain cars. Decent fuel economy. Has all important features . Lacks gimmicky features
Thanks , you influenced my decision 👍
Right. I purchased Amaze in March this year. Really happy with it.
Totally agree. When I bought my first car Alto K10, our car EMI was just about 5-6% of our income. I drove that for 5 years and when we got blessed with kids, we wanted to buy a safer car. And then we bought Tata Altroz Turbo. We are paying less than 5% of our income for the EMI for this one. And I am planning to keep this car as long as I can probably for even 10 years+. Of course, there are other EMIs including two house loans. Our total EMI burden is around 25-30% of our income. And we are saving and investing around 30% and the rest are expenditures.
So, we need to plan our finances carefully. Although, I feel our total EMIs are still higher than what I would have liked, but still it is manageable.
Car and House are 2 things where u should not compromise if u can afford to buy.. if I am buying 20 lakhs car I would pay 9-10 lakhs downpayment n my EMI would be around 20k..person earning 2 lakhs per month can give 10 lakhs as downpayment. Why I would only pay 2 lakhs downpayment !!
Agreed
No "Kaisse hai aap log" 😐
I'm driving a 17 year old alto...and i can drive till 2027...then I will buy a 2nd hand wagon r😌
Cheap skate
@@sparky6148 ever heard about UA-cam premium? Lol
Don't buy wagon r, you can buy VW Polo, stretch a little bit of your investment, purchase a tw airbag and sturdy vehicle it's safe for your family. I owned the same VW vento
Please don't go for the wagon R.
Go for alto once again or s presso
@@beingresilience8325 I changed my mind going to buy brezza vxi
Your observation that it pains to pay in real cash vs online - that's so so true.
Eye opener for every new car buyer
Meri akhe kholdi apne... mera dil bhi same to same kar rahatha..ki me bhi ek badi car purchase karlu ...but ye video dekhne k bad reality feel hogai... Thank you so much for the video information.
My 7 year old car i20 I am very happy. 🥰
I own a 12 year old wagonr petrol in Cochin city. My average mileage is about 500km a month. I am 29 yrs. The kind of pressure I have to deal from my family to buy a new car is crazy 🤣🤣 I told them how i find it useless to invest 30k/m for a car that stays in the garage for most part. For longer drives which I feel my wagonR would be uncomfortable i rent an Innova. In my city I can rent an Innova for 3 days for just about Rs 12K. That's like I am keeping aside 1000/m for some long drives. I am very proud this decision for the following reasons.
1. As per company policy the maximum liability I have if some damage happens to the rented car is about Rs 37000 in my city.
2. Including fuel expense the rent is only Rs 12K meaning I can stretch myself to even 3 or 4 such long trips a year accounting to only Rs 3000/m .
3. I don't have to worry about hefty EMIs.
4. I don't have to worry about changing tyres, servicing, modifying or any such things
5. I don't own something that is depreciating in value day by day.
6. I can try out different vehicle based on purpose.
7. Whatever money I save by not paying any EMIs, i can invest on assets as well my business that will grow and build by net worth.
Extremely proud that I do not own a car and am unaffected by my cousins and friends buying new vehicles. Such a peaceful life.
PS - I have invested well on my personal insurance for medical as well as term.