Car Decision: Renting vs Buying | Vehicle Purchase Tips 2023 with EXCEL SHEET! | Ankur Warikoo Hindi
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- Опубликовано: 1 окт 2024
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In this comprehensive guide, I dive into the age-old debate of renting vs buying a car. We'll explore the financial, practical, and lifestyle factors that influence this decision, aiming to provide you with a balanced perspective. By the end of this video, you'll be equipped with the information and insights necessary to make an informed choice that aligns with your financial goals, lifestyle needs, and personal preferences. Remember, it's not just about cost; it's about value, convenience, and freedom as well.
#carownership #financialplanning #warikoo
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Sir, Make a video for how to cars,bikes or any vehicles buying process...
Sir, please make a book review on Where are the customer's yatchs by fred shrewed. Its my request to you.🙏
Hi Ankur, why is petrol cost not considered under the subscription model??
CA student things 😂😂
Ok good
After some time he will be talking about marriage vs live in relationship. And adoption vs giving birth to a child useing these excel sheet. He is just awsome person so far considered . I 😂😂 like and respect him very much and adore him also .
😂😂😂😂
😂😂😂😂
😂😂😂
😂😂
😁😄🤣🤣🤣
RENT or BUY Car ❌🤡
STEAL IT ✅🗿🔥
😂
😂😂😂😂😂😂
Owning a car for a middle class salaried person, that emotion can't beat in renting and riding in ola or uber. The feeling of your family member when they get to see first time your new car comes to ur home is unbeatable.
Obviously. Even it is Alto 800 only. That too showroom car.
Worst case buying a car
Emi will eat you alive. Car buying before certain age is foolishness 😡
This is a social trap. You can never get out of middle class mentality if you keep taking loans and pay emi's for half of your job life. This trap is to make sure middle class people stays in the bracket and never get financial freedom
@@saadathanikar4663 what about the expenses that will be incurred by using a car which has low or zero safety features in case of accident. The problem with indian car buyers is that they dont take into consideration of safety while buying a car. And thus just for the sake of social pressure and social status they invest in a cheaper car with less safety features.
This is the reason why banks are able to thrive. Their investment is not in cars or loans but the mindset of people who think owning a car, ON LOAN, is somehow indicative of being of a higher status. Wealth and money are two very different things..
What about if we purchase a secondary hand budget car (
Nothing compares having the comfort of a car at your disposal. Everything is not maths
What if a good condition 2nd hand dezire is purchased at 2.5 lakh?
Pls do a video for 2nd hand car scenario as well.
Renting a car vs owning a car is probably one of the stupidest thing people compare, imagine in case of any medical emergency in your family or any uncertainty will you wait for a cab? A small car like Alto will also do the same work ( if you're worried about spending too much money on car). Sometimes it's better not to compare things rather just buy them and be happy.
You are talking about booking a cab while he is talking about renting a car. That car will be with you like your "own" can until the subscription period is over.
After some time he will be talking about marriage vs live in relationship. And adoption vs giving birth to a child useing these excel sheet. He is just awsome person so far considered . I 😂😂 like and respect him very much and adore him also .
I saved my mother due to owing a small car Alto... She is still alive due to my car, she got heart attack & I rushed to hospital by my car Alto..
@@englishwithpk5128 bhai excel sheet jese life nahi hoti ha . Life mai randomness hota hai aur yeh marketing wala nahi samaj sakta hai. Apki mummy ko lambi umar de bhagwan . Tanks to alto.
The only sad reality is that materialistic things are synonymous to success in our country. If a person buys a car, he/she is seen as a successful person. Just for being seen as a respectful person, creating a burden on your pocket is normalised in our country!!😂😂
Totally agree with you smita. Most of the people make the decision of purchasing cars not on the basis of whether they travel a lot or not but because of social status.
Social status is also necessary..If you have lots of money but you don't own a car than it's affect your social status and comfort lifestyle.... Everything matters
@@akashchowdhury1942 Agreed. If you have people around you who support you without you having a car, its the best. But if people judge you on the basis of your material things , disrespect you, then owning a car is worth it. Afterall, respect is also important in life.
I feel buying a car should be use case based decision rather than social status. There are many who end up buying car and crib regarding driving problems in congested traffic. Of course there will be societal pressure but then our money is ours. We should not let others drive our decisions. If we feel a car would help us or family practically, then no doubt, its necessary. Had there been no ola or uber, there would have been no debate perhaps.
Car is a need now a days. It was social status once upon a time. Many middle class family who are leaving in metros where parking is a big problem even though they have their own car they take auto/ola/Uber rides. Having a car we can roam around with family.
I believe that if we have a car, we should sell it and receive at least 40% of the original amount.
Don't produce your child........Take it on subscription.
Used to be a spreadsheet aficionado for life decisions, so buying a car seemed impractical. Came to this conclusion after previous such videos you made.
Fast forward to today, where I drive to places on my own, and what an awesome change it has been.
Went through a family medical emergency a couple months back and having a car at time felt such a blessing.
Life's decisions aren't mere Excel. results.
absolutely correct. Thoda jyada hi excel ho gaya.
Life is not Excel , there should be a parameter called " emotions " which have a huge weitage to the dedicisons not just inflation , appreciation etc etc.
In an organize cost optimisation is the key but not everywhere.
We shouldn't fall into binary thinking - it's not about only excel based calculations or only emotion. It's about making an informed decision. We can do all the calculations and yet decide to choose the other thing - that's fine. But at least we would know the trade-off we are making and that's the most important part.
U got ur own car or u rented?
bhai assume kro tum mar chuke ho ... aatma to ajar amar hai.....aur kya chahiye tumhe😆😅🤣
Bangalore mein auto hi 20Rs per km leta hai.. 13 Rs. Kahaan hai ?
Hi sir. Have baby or not to have baby. Need calculation please.
How much charges have given by MS. to makeing this video ?
Ola Uber cost in Whitefield - I am paying around 450 inr for 9 kms. That’s 50 inr per km
100% True, on average, Ola-Uber will never be 13 RS per km, it should be minimum 25-30rs per km. In my experience nowdays, it's never below 30rs per km, even more for short distances
I dont think he uses actual price we are paying for the calculations, 13rs will be the effective price considering that we dont have to pay tax, insurance, maintanance etc
Sir make a video on rent or buy girl, yeah car wala me kar lunga
Cab will never be 13 rupees per km for dzire 😂😂 Autos are also more expensive than 13 rupees/km. You can't casually put in numbers of your choice to suit the results you require 😂
Don’t marry or have kids
Travel using public transportation/ economy tickets
Buy a good car but keep it till it’s death
Create side business / do freelancing / side gigs
Keep learning and keep Growing in career
Rent out extra space if available
Sell old stuff
Collect unique antique stuff to sell later at higher price
Teach online or sell e-books
Bro, same2same i am doing it. I've been unmarried for 13 years and I can tell you I am one of the most happy person in India. Please do all of this. 🎉🎉🎉🔥
Dear Ankur
Your videos are getting redundant now. You have already covered this topic in the past. You need to up your content creation game..!
Hi Ankur,
On Subscription Vs Buying:
Just a suggestion,
You can also consider selling your car. It will be depreciated by a lot but still will definitely reduce little /KM cost in comparison to subscription.
It was already included. 🙄
@@MrMit007depreciation was included but drop in mileage was not included.
Very Nice Ankur :)
I tried the sheet and found it really helpful.
But, I also want to understand the financials of buying a used car (a second hand car). How will that change the game.
As getting a used car is fairly easy in NCR but getting a good used car is purely luck or research.. But in case - someone got a good used car with less maintenance, will that be a better decision?
Used second hand car will only increased its maintenance cost and its mileage
Loan period 3years and rent period 5 years? Isn't it unfair? also handling your own car vs handling someone else's car and accidental charges included that will cost much more
So if we buy a car we'll ride it for 24000 km/year but if we rent it he selected the option of 20000km/year despite there was an option of 25k/yr... Why so ankur ji? Calculator gadbad kr deta kya? 😂😂
Please make a sheet on taking care of parents vs leaving them in old age homes or streets, also assume saved money will be invested in mutual funds 😍
Taking care of parents is always better. We can't compare it with money. Parents are priceless.
Sarcasm ni smj ata apko
🤣🤣🤣
Why it feels like same video everytime? 😢
Hi Ankur - Thanks for this informative video. Just a thought if we intend to keep the car for 10+ years then do you still feel that leasing is a better option as compared to taking a car loan. Let me know your thoughts.
Hi ankur & team,
would like to know if renting a car has any tax benefits, if yes than could you pls add to the excel or replyfor my comment. thanks again for posting the video, ye excel-excel is really excellent !!
buying ev's can give you rebate on interest payments made, not sure about renting (unless you run a biz)
It is obvious that people with so much gyan on ROI On cars know that it is a liability and hence stop buying the car. But a an emergency situation in the middle if night with couple of minutes making a difference in life and dwath situation knows the value ofnit
Car is a fast depreciating asset. Don't go for loans unless you absolutely need the capital. Having the headache and burden of a high EMI in these uncertain conditions is just not worth it.
Its better to buy a good second hand car at this point. Simply hoarding as much cars as possible on the road isn't doing any good. No wonder the government is adamant on increasing taxes ans duties and wherever it can to cutoff entire section of people from even thinking of buying a car. Yes, owning a car is an emotion in India but so was owning a color TV, a double door fridge, an AC, etc. Look where that got us. Island effect has killed people this summer in Delhi.
Well I don't feel everyone out there buys a car just considering the amount they pay daily for their transport... A lot is there which makes us buy a car, be it hassle free life, I mean we could feel going out anytime, we could have any business anytime out there... Is it sane to think that your taxi would be there on time, on demand every time ... What if it doesn't arrive on time ... We work daily and we have all the rights to make our life as peaceful as possible... So if there would have been a comparison in choosing between public transport and private one then it would have been more sane because that concerns our environment... the one who can afford hiring a taxi daily, can obviously buy a car and be hassle free ... So i feel there isn't any logic behind such a video... Stop making content just because you want to make some content... If we live our life accordingly then what is the need of having our own personal rooms/spaces... Why can't we live in just a single room...haha!
I think it's not about having our not having a car, it was about buying vs. renting a car.
@@souravash well, that's something paradoxical, don't you feel do?
To add on to the above.We used to see such comparisons before covid. After covid economy had reached to a level where people can afford and maintain cars easily with negligible impact on their finances.And yet content creators are stuck with their outdated content.
Son in 30s: what was ur first car dad
Dad in 60s: Son u know what I had this excel sheet and start explain things
Son: Yaaaak thuuu
And what about after 5 years if we rent a car... running on the road🏃 without vehicle😂... if we own a car atleast we have a car after 5 years.
11.2 - 9.4 = 1.8
20,000km @ 1.8 = ₹ 36,000
For ₹ 36,000/- I’d rather buy my own car than save it.
And if you wanna save 36000 over a 3-4 year period, get off RUclips and get to some sorta work.
Please do a same video for renting and buying a flat. It will be helpful
Rent everything in life....car, house ....if possible wife and children....don't own anything ....then whatever money u save put it in SIP - stocks, bonds and crptos....
Although the argument seems interesting but this doesn’t make much sense….as you are just saving 2 rs per kilometre which is a net saving of just 20k over 3-5 years….coming with a hassle and risk of ensuring 10% return!
@warikoo Treating returns on entire sum of cost of acquisition over period of holding as opportunity cost is incorrect. When you lease, you will have outgo cost every month which should be deducted from total cost of acquisition and interest should be calculated accordingly. If you do this, leasing will not seem as attractive as you are making it look. Consider revising your sheet and redo the video. People who are blindly following the video can get misguided.
You have not been to bangalore it seems, you have to start booking cab after you wake up to get the get when you are ready to leave for office. Nowhere in india you can book a cab for net ₹13 for km unless you are booking it for a whole day from unorganised travel agency or cab owner. I have just calculated again and cab cost will be not less than ₹20 per km at any point of time during the day including ride time and minimum fare and all taxes. Simply dividing the fare by km for easy calculation.
you are trying to say a cab wala can drop you at your convenience at cheaper cost than owning the car, then how the can wala is making his living out of the same car which is cost me more when i own it and cheaper when renting if for short period??
Hi Ankur,
You have repeated the episode to calculate the car ownership cost to person if (s)he is not a business (wo)man. Usually companies buy or lease vehicles on which they get tax breaks. Do a similar episode for a business. That would be interesting
ve
Instrad of buying yyour house for 2.4 cr, you should lived on a rebted property and invested that amount. Then why did you bought it ? What's the point of earning and investing this much if one can't even buy his/her own car .
you guys can't get the purpose of this video can you? he mentioned several times that according to your personal motive behind keeping a car. he himself has for himself on subscription. he just tried to help you make good decisions according to your needs. you want to own so own if not so don't simple as that.
Ye kya faltupana hai bhai, Car is an emotion for every boy.
As a boy everyone dreams of owning more and more cars.
This is truly Baseless comparing
Are yar second hand dezire li thi.5 lakh rs me.aaj 4 sal ho Gaye hai.jab ghar me jarurat hoti hai car ki to ghar use karate hai.aur na ho to travels pe bhej dete hai.jyada nahi travels pe mahine ke 10k to 15k mil jate hai.aai tak 3 lakh rs.cover ho gaye hai.
Man ho to ghar me use Karo na ho to rent pe bhej do.
Aur koi nahi insurance aur maintanence to nikal hi jayega.
Pura Paisa vasool hone ke bad 1 lakh rs dekar pura gadi modifi karake mast ghar ke samane khada karunga.
Aur vaise bhi zindagi hai to kucch shok bhi hone chahiye na.
Varna khao mat piyo mat.phate kapade pahan lo.
Aur banate raho Excel sheet.
Aur Excel sheet ke sath mar jao.
Yar ek hi to life hai. Jee ni bhi to hai.
Aivi Excel sheet Excel sheet.😂
Car subscription is totally bullshit,
if you are rich then you buy a car and sell it after couple of month without thinking,
If you are middle class then you buy used car ,
and for poor people their is metro cab ola uber bus bike and used car
Realising everyday after watching this stupidity Ashnner Grover said right ki Ankur Warikoo ke saath naam nhi Lena hai bhai😂😂😂
Sir Gadi thuk jaye to uske expenses ka kya?
Please provide complete information or just don't make incomplete videos
If you are watching this video. My suggestion would be but a second hand car that will be most economical option ..
हमे rent की गाडी गाव मे कैसी मिलेगी जब जरुरत होती उस वक्त हमें city se तो बहोत बार जाना पडता है😅
This video is not for people who are in their 20s you should focus on making f*ck tons of money rather than seeing should you buy a car or not
Sir you should not add fixed subtitles in video, it's not good for focus.because as they change my attention goes to them and I don't need them.
@warikoo Please don't keep the beats as background music, it is tooooooo irritating, otherwise video is awesome
Idk in which city 13/ km is the charge of ola, I live in Bangalore and here its almost 25 rs / km😂
Buying car also has a oppertunity cost and other variables as well.
Good comparison but not very fair
Rent he took for 5 yrs in calculation but loan period if u buy was 3 yrs
There is calculation mismatch
What if we purchase a pre-owned car for 3L-5L in cash. No loan, no installments, Cheapest Insurance, and local servicing? Owning a car is better in that case. Also, we don't drive 2k kms monthly, so the petrol cost will also drop.
Please stop 🛑 your vauld recommendation our life hell, you definitely earned lot for sponsoring them
Who is paying 1L for parking in a 5 year tenure? Seems like an inflated figure, at least for me.
Hello Ankur Sir, I greatly appreciate your informative video. I wanted to share a thought: If our plan is to hold onto the car for over a decade, would you still recommend leasing over securing a car loan? I'm eager to hear your insights. Thank you!
Hey the best plan I would suggest you to choose mostly 3 year tenure with buy back option in which you can buy the car from the company and sell it or keep it that way you can save much.try quicklyz
And lease only max 5 years either you but back after 5 or company sell it based on appreciation
Ankur Warikoo aur mera naam ek sentence me nahi lena hai. Kuch bhi bol de, maa bhen ki gaali de de kuch nahi bolunga. - Ashneer Grover
repeated content. har 6 months me ye video, kabhi compile karke kabhi separately.
It is eyeing towards proving something. Selling of owned car is not considered.
What if i use the car for zoomcar or any other services for income on the owned car on the days when i do not use, What does your excel suggests? Whether to buy or rent?
Sirji, unable to edit the excel sheet after downloading the file. Please help.
Cab cost 22 per km in Hyderabad but you took only 13.
Even in Pune for travelling 10 kms by Pune it’s around 300 rps
Make a video which cars to buy. CNG, Petrol and doesel
Please make a video on how to invest in crypto currency today in 2023
Sometimes the content is repeated and doesn't add any value
Ankur sir please how to earn through agriculture guide & lecture with worm regards
One thing changes all. Which is tax rebate you get on car lease amounts paid
I bought my 5th used car VW vento 2012 model in dec 2022 for 2.6 Lakhs, excellent condition. 800 kms per month, 13 kmpl, avg per month expense -
8000/- fuel + toll,
850/- insurance,
1000/- periodic service
1500/- parts replacement, 12000/- approx total per month.
Reason for buying, i am really passionate about cars, before vento i had polo Diesel 1.2 for 5 years, i wanted naturally aspirated 1.6L petrol engine for performance with more comfort and driving dynamics. I will use it for max 2-3 years and then sell it off at around 1 lakh. 3-4 saal ke passion ke liye 5 lakh ka expense kuch nahi hai.
Yar tu Banda sahi hai.
Life enjoy Karo yaro.
Kya pata future me kya likha hai.
Aaj hai apne pas bas ji lo es pal ko enjoy Karo.
Aivi Excel sheet Excel sheet 😂
I became your big Fan now sir❤❤❤❤
Now I agree with asneer's point of view on Ankur😂😂😂😂
Shriram Finance Limited 9.15 % Fixed Deposit
This is great video
But how to calculate feeling and emotions connected to car
And
In case of emergency not having a car or required to traval beyond given limit (given by renting company) what is adversity cost ???
My friend have Baleno 2016 Model & driving near about 1lac. He purchased for rs 8.2 lac, now after 5 year he's selling for rs. ,5.5 to 6lac bcoz of condition of car is awesome no accident, company service record also applied alloys wheel extra. So my question is that is it best car value if i want to buy from them
Leasing car mein fuel ka kharcha koun uthata hai?
I was looking to rent a car. However I am unable to edit the green cells.
Next time love marriage vs arranged marriage vs livin'life
SIR PLEASE CREATE A VIDEO FOR CORPORATE LEASING AND TAX SAVING CALCULATIONS
Worry not. BYD are removing slogans from their cars.
1000th video, congrats.
Hello sir ......ek policy bazar k review pr video daliye
Aap excel pe khelte rehna, mein chala apni gaadi se Chikki lene Lonavala :P
Zayda chalne se per km cost kam hota h but sale k time value kam lagegi
Sir how to use your spreadsheet link in Android tab
Jab dimag kaam krna bnd ho jata h to aise aise hi content ideas aate h 🤣🤣🤣
You get the car a little dent and they'll bill you 50K 😂😂
I really like your videos and content but thinking too much on each and every finance related thing is not good as well. Buying gives you sense of achievement and sometimes its good to feel that. Just my thought, i like your content always❤
I don't agree with you. Buying gives you nothing but false achievement because after some time you would think that thing wasn't necessary....
Chup Chap 3 Saal Bike Chala leni chahiye 😂😂😂🤣🤣🤣
Hi, would be great if we can compare electric cars also
Sir free lancing in data analyst in india pe ek video banaye sir
There are calculation mistakes.
(1) When "EMI per month" is already considered, why "Interest on loan" is also considered. EMI already includes Interest. Duplication!!!
(2) In "buying a car option", you have considered interest on down payment as an opportunity cost.
Since this is considered in buying a car option, why did you deduct the same cost in "renting a car" and "renting an Uber/Ola"? Duplication!!!
Excel sheet is view only pls share editable sheet
Hi Ankur,
When you are talking about a rented car it can be possible only in major cities or mostly in Metro cities. What about small towns where we are living with a government or private job with the same pay scale and the same amount of travel. What's your opinion about it
this question I asked to all the youtubers, who made this video but no clarification even now. Its all for metros only
Basically, "too bad, so sad", because all these financial youtubers seem to target this crowd of urban metro dwelling people in their 20s, mostly working tech jobs with high salaries.
What about buying a 2nd hand car vs renting?
Thank you so much, love from Bangladesh.
Thank you sir for new company name obaa😂 ❤