This vid is based on my Personal Experience as Ex-Banker. Hope you like and will share same. Dont miss to visit MyCarHelpline site for EMI, Amort and Eligibility Calculators for more details.
Sir pls reply about nexon engine reliability, Is TATA nexon bs6 engine perform well in a long run, planning to buy for at least 8 years. Why people are critical of TATA engines still.
Man i checked your website for the very first time today. I am mesmerized by the ultra easy uesr interface and also by the amount of hardwork put into the website giving us a near perfect car buying guide.
Till date, I kept skipping your videos, thought they won't be helpful or knowledge sharing.. but today realised I was mistaking, I shouldn't have skipped them. Channel Subscribed!!!!
Hats off to u. Such a valuable info you are providing, no one gives such info. You are true guide for a person who is purchasing a vehicle. Website is really very helpful. I follow you.🙌🏻👏🏻👏🏻
Relevant and interesting coverage of all aspects related to car purchase, loans, features, inclusions and exclusions. Well researched and pragmatic. Delivered in signature style. Please keep up the good work
Paisa hai to gaadi kareedo as car is a depreciating asset. Even banks ask a customer to sign over 30 pages of agreement, charge documentation charge, reduce loan amount and also reduce loan period at the last moment. If you have time, ignore banks call for reduction in loan amount and period as that will increase repayment. Save money each month for three years in RD or better still invest in post office and then add your money for buying. The dealers recommend Bajaj Finance type of companies who charge you high interest and have many charges. Car loans have high default and companies screw all including good customers. Even good banks like HDFC screw customers with so many changes when you are desperate for delivery. So save money buy on your own and screw financiers. Or take a loan from your FD so that you repay big sums. Banks charge huge penalties on early repayments. Good video. Thanks a lot.
Its not just informative but too much important and must know fact about car loan... A very deep analysis which is not done by any other RUclipsr... Thank you very much 🙏🙏🙏
No doubts Sir, you always touch the point which often other Car vloggers don't address. Your peculiar content Makes your video unique. Thank you from bottom of my ❤️
First of all content on your channel and website is very informative. Few other points to keep in mind. Ofcourse none of these may change the bottom line of your video, i.e. taking a loan now days is usually better than down payments: 1. Hypothecation charges in taking a loan approx 3k 2. Documentation charges approx 1k 3. Processing fee also approx 1k. This should be waived off 4. Fact that FD also means you are parking your funds for some amount of time. 5. Another imp point if you take your loan from dealer what you essentially have is another way of bargaining with him. Cause taking loan from dealer means he will get some comission. Just ask him to share the benefit with you. Once again your videos are great am sure you may have covered some/all of these points in your other videos. Just thought these would make sense here as well so added a comment 🙂
Informative..thanks..one point that we should bear in mind..FD interest is taxable..so if u are salaried and in 30% bracket, a return of 5.5% per annum ends up being less than 4%
@@mycarhelpline Yes sir..that's right...it all comes to individuals risk appetite as you rightly said.. Btw, big fan of your content and golden voice :)
Sir, I am a regular viewer of your channel. In our country there is no car valuation system / car valuer. If I want to purchase a second hand car most of time people is cheated as common person have less knowledge about how to determine the exact value of car. As a result most of dealers demand high price. So I would like to request you to crate a car portal where we give the details and you will provide us the car price. Of course a nominal charge for that will be taken. Please think about it. Thank you for your videos. It helps us in many ways.
You keep enlightening us with valuable informations and tips. But this, is the best. The doubt of every single car buyer. Infact this is the only channel that provides valuable advices along with car reviews. Thanks a lot sir. For education the common man regarding automobile market.
HI, We have recently formed community of Car buyers and seek members like you who have gained through MyCarHelpline in buying there car and ready to help others too. If you willing to help other car buyers we welcome you on board with an exclusive invite, Pls Whatsapp message - Owner to 8595793939
Excellent brother.. I also did the same calculation using marcarhelpilne calculator.. Changed 5 lakh loan to 15 lakh loan for 7 years to buy tata harrier next weak and decided yo do something thing else with my funds in pocketto get better returns. Now I am happy after hearing your words.. Moreover I opted for harrier 2020 only after your advice.. Thanks and god bless you big brother
Hello brother I respect you and mycarhelpline as well they have very good information on cars, But your this decision is not right. I am not sure ki aapne ye sahi m kiya h ya sirf ek comment h bus. Aapne apna 10 lac ka loan 7 year k liye badha diya. Phli baat to Bank FD k returns taxable hote h. Chalo I am not going on the taxation side and assuming the 5.5 % return as per the video. Agar aap 10 lac ko 7 years k liye bank m rakhte h with compounded quarterly @ 5.5 % to aapka final amount banta h Rs 14,65,764. Ab aate h aapke 10 lca ki EMI p. As per the EMI calculator in google @8% for 7 years 15586 would be EMI per month. Ab suppose karo ki aap is EMI ko loan company ko nahi dete or apne bank account m har month dalte h with the same interest of 5.5 % so as per the SIP calculator on google the final amount after 7 year would be Rs 15,99,867 So the loss here is 15,99,867-14,65,764 = Rs 1,34,103 Here Mycarhelpline only considered the amount you paid as EMI and compared it with the final amount of bank FD but missed the interest on EMI amount which bank will earn for next 7 years example on your first EMI. Brother ek baar socho to kya difference h, Bank kyu apna ek employee ko salary de rha h har showroom m bitha k or vo kyun aapke pass ata h sir sir kh k. Banks are run by the persons who are expertise in finance to make profit. I also request @Mycarhepline to please correct this video or remove this. At last sorry brother agar aapko isme kuchh galt laga ho to . Thanks !
@@yogeshkumar-fd9kh Respect your words brother I have taken this decision actually But I have no plans to deposit in banks I have other ways to invest my money and sure returns of 12 to 15% per annually against the 7.15 interest that I will pay on my loan that too reduces to around 4% flat rate in long term
Nice info on the right time ,i was searching car loan videos of yours thanks sir , i booked renault triber today & this video will help me to decide that i have to purchase car on cash or loan
Bank FD interest pay karta hai. Wahi bank car loan deta hai. If I go by what you say, bank is making loses for itself and retail consumers are playing smart. I think it's otherwise certainly ..
You explain everything so nice, it is fixed in our mind. One question is........ Is Au small finance Bank reliable to go for car loans.....need your true answer......thanks bhai
Awesome video! Though I'm not purchasing car immediately, Absolute ROI for new car loan is just mind-blowing info! Spl Thanks for that!.. Your website is too good as well, Small request to make one short English video sometime, so that I can recommend your quality content to more southern friends
I read a thread on twitter which said that people shouldn't buy cars worth more than 15lacs. If someone wants to buy car which is more than 15 lacs, his/her liquid assets should be more than 1-2 crores
Sir, ji ye Dil aur Dimag ki fight hai agar Dil ko pasand then Dil le ga Creta loan le ke per Dimag se lo to aaye gi Alto aapne funds se, you can earn funds but you can not earn Time/Age lost.
Sir i respect your opinion but i think raat mein chain se neend aaye yahi humare primary goal hona chiye let say koi uncertain situation aa gai do you really think that one can manage to give car emi and if someone cant afford full cash payment then should go for second hand car
I have never seen a customer who is satisfied with one loan only. With increase in income demand also increases and people tend to get more loan from banks or fis. Now most banks calculate the eligibility on 40% nth. If he is reducing the tenure then his emi will be more. In that case his eligibility will be less for other loans. I had a car loan which was for 7 yrs. I repayed it in 4 yrs with bulk payment at last. When I calculated the total deposit I made to bank I found I only paid Rs. 12000/- interest to bank. In mean time I also was able to enjoy other types of loans as my eligibility increased. I am also a banker doing retail loans but I didn't avail the car loan on staff interest, I took it at customer interest only.
Nothing new here, I wanted to learn more about sub-vention. For those who don't know you interest rate amongst many other things like your credit score etc..also depends on the model, make and manufacturer. That's where subvention comes in..I was hoping an ex banker will lend this perspective..
This vid is based on my Personal Experience as Ex-Banker. Hope you like and will share same. Dont miss to visit MyCarHelpline site for EMI, Amort and Eligibility Calculators for more details.
Sir pls reply about nexon engine reliability, Is TATA nexon bs6 engine perform well in a long run, planning to buy for at least 8 years.
Why people are critical of TATA engines still.
As long as scheduled services done on time with turbo idling followed should not be an issue.
@@mycarhelpline Thank u sir. A big sigh of relief.
Nice advice sir...but now bank fd rates r reduced drastically...for 2 years term its just 5.40 % interest..
As always, your videos are unbiased and have useful information. Thank you very much
Man i checked your website for the very first time today.
I am mesmerized by the ultra easy uesr interface and also by the amount of hardwork put into the website giving us a near perfect car buying guide.
Baki auto experts alag...mycarhelpline ekdum different level.. Great job
Till date, I kept skipping your videos, thought they won't be helpful or knowledge sharing.. but today realised I was mistaking, I shouldn't have skipped them.
Channel Subscribed!!!!
Hats off to u. Such a valuable info you are providing, no one gives such info. You are true guide for a person who is purchasing a vehicle. Website is really very helpful. I follow you.🙌🏻👏🏻👏🏻
I don't know why you do it, but your advice is so different, so true and so accurate. I am a huge fan. You are amazing!
Relevant and interesting coverage of all aspects related to car purchase, loans, features, inclusions and exclusions. Well researched and pragmatic. Delivered in signature style. Please keep up the good work
Salute! It's informative as well as insightful! Thank you.
What you have told is my confusions. It's gone away. Fantastic.
Thanks so much. This comes as a timely advice.
I just booked a Glanza G today evening. And was thinking to doing a big portion as down payment
This was extremely helpful information. You have given so many great insights which everyone just ignores. We just go by the emotions!
I think that a point is being missed.. tax will be deducted from the interest earned on FD thus reducing the benefit
For most 5 year FD, U will get 80C exemption.
Also even after deducting TDS of 10% on interest, u shall still be beneficial.
Always the right and the best advise. Kudos to you on your extensive knowledge sir!
Thanks for the explanation bro. I found all necessary things for buying a car at one place in your channel.
Bhai itne unique aur most important topics kaha se late ho hats off to yoi, this really helped me in my buying decision :)
mahatma gandhi: “The best way to find yourself is to lose yourself in the service of others.”
mycarhelpline: kaise hai aap log?
Paisa hai to gaadi kareedo as car is a depreciating asset. Even banks ask a customer to sign over 30 pages of agreement, charge documentation charge, reduce loan amount and also reduce loan period at the last moment. If you have time, ignore banks call for reduction in loan amount and period as that will increase repayment. Save money each month for three years in RD or better still invest in post office and then add your money for buying. The dealers recommend Bajaj Finance type of companies who charge you high interest and have many charges. Car loans have high default and companies screw all including good customers. Even good banks like HDFC screw customers with so many changes when you are desperate for delivery. So save money buy on your own and screw financiers. Or take a loan from your FD so that you repay big sums. Banks charge huge penalties on early repayments. Good video. Thanks a lot.
Its not just informative but too much important and must know fact about car loan... A very deep analysis which is not done by any other RUclipsr... Thank you very much 🙏🙏🙏
I really like the way he starts the video. Haa ji sahab kaise hai aap much appreciation to U sir
The more I hear you.. the more I like you. 👍 you talk so much sense.
Deadly combination auto expert and banker...Aag LGA di aapne sir
himanshu sharma Aag hi lagwa di peso m
Just provided a another perspective, never thought in this way. Thanks.
Thank you sir , even I am planning for foreclosures now I will take another look as this video is an eye opening.
Isn’t it better to buy almost new cars from auction.Please make video on that.Greatjob.
Yes we definitely appreciate with the information you provided at your website....we gets our doubts clear there...
One of the most important topics ever covered in any auto channel
MyCarHelpline: Kaise hai aaplog!!!
3 cheers👍🏼👍🏼👍🏼
No doubts Sir, you always touch the point which often other Car vloggers don't address. Your peculiar content Makes your video unique.
Thank you from bottom of my ❤️
एकदम सही सलाह है। में आपसे पूर्णतया सहमत हूं।
Vah ,kya baat,
Jo aapne bataye ,koi nahi bata sakta ,
Facts analysis and conclusion,sabhi laazvab
First like.....n first comment .....u always hv a Vry informative car related videos
Apne pura thinking badal diya sur doubts clear kr diye.
As always outstanding analysis and great inputs sir. Keep up the good work. Thank you for such a wonderful video.
First of all content on your channel and website is very informative. Few other points to keep in mind. Ofcourse none of these may change the bottom line of your video, i.e. taking a loan now days is usually better than down payments:
1. Hypothecation charges in taking a loan approx 3k
2. Documentation charges approx 1k
3. Processing fee also approx 1k. This should be waived off
4. Fact that FD also means you are parking your funds for some amount of time.
5. Another imp point if you take your loan from dealer what you essentially have is another way of bargaining with him. Cause taking loan from dealer means he will get some comission. Just ask him to share the benefit with you.
Once again your videos are great am sure you may have covered some/all of these points in your other videos. Just thought these would make sense here as well so added a comment 🙂
Your videos are unique and much informative. Really appreciate your work.
Perfect analysis. You broke my years long delusions. Great job as always 👏
Quality information 1000 likes👍👍👍👍
Really Very Comprehensive information....Very nicely explained
Best Analysis Video ever
Perfect topic which no one talks but is most important ... thanks ...I subscribed your channel ✌
Informative..thanks..one point that we should bear in mind..FD interest is taxable..so if u are salaried and in 30% bracket, a return of 5.5% per annum ends up being less than 4%
Yes, fd was an example there are lot of instruments and investment avenues one can park funds basis risk appetite for better returns
@@mycarhelpline Yes sir..that's right...it all comes to individuals risk appetite as you rightly said..
Btw, big fan of your content and golden voice :)
Invest in MF or PPF then. If you want extra tax savings with low risk returns.
Sir, I am a regular viewer of your channel. In our country there is no car valuation system / car valuer. If I want to purchase a second hand car most of time people is cheated as common person have less knowledge about how to determine the exact value of car. As a result most of dealers demand high price. So I would like to request you to crate a car portal where we give the details and you will provide us the car price. Of course a nominal charge for that will be taken. Please think about it. Thank you for your videos. It helps us in many ways.
Bade bhai ek hi to dil hai, kitne baar jitoge❤️
By your video I am correct . I was thinking I was wrong due to little/small fund . Thanks
Very very knowledgeable video! Special thanks
One of the best videos in RUclips. Great content 👍
10 lakh rupaye aaye toh aaye achi baat hai lekin aaye kaha se🤣
Such a insight of information very difficult to receive now a days
Thanks 👍
Most Informative video I've seen today!
You never disappoint!!
You keep enlightening us with valuable informations and tips. But this, is the best. The doubt of every single car buyer.
Infact this is the only channel that provides valuable advices along with car reviews.
Thanks a lot sir.
For education the common man regarding automobile market.
Great informative video, you saved me hard way. I was about to buy 10 lakhs on cash, now going for 50:50 finance, 🙏
Thank you very much.
HI, We have recently formed community of Car buyers and seek members like you who have gained through MyCarHelpline in buying there car and ready to help others too. If you willing to help other car buyers we welcome you on board with an exclusive invite, Pls Whatsapp message - Owner to 8595793939
@@mycarhelpline sure sir, thank you
Thank you.. it was very informative and helpful 👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻
Great Boss...fan ban gaya apka ♥️
Excellent brother..
I also did the same calculation using marcarhelpilne calculator..
Changed 5 lakh loan to 15 lakh loan for 7 years to buy tata harrier next weak and decided yo do something thing else with my funds in pocketto get better returns.
Now I am happy after hearing your words..
Moreover I opted for harrier 2020 only after your advice..
Thanks and god bless you big brother
Hello brother I respect you and mycarhelpline as well they have very good information on cars, But your this decision is not right.
I am not sure ki aapne ye sahi m kiya h ya sirf ek comment h bus.
Aapne apna 10 lac ka loan 7 year k liye badha diya. Phli baat to Bank FD k returns taxable hote h. Chalo I am not going on the taxation side and assuming the 5.5 % return as per the video.
Agar aap 10 lac ko 7 years k liye bank m rakhte h with compounded quarterly @ 5.5 % to aapka final amount banta h Rs 14,65,764.
Ab aate h aapke 10 lca ki EMI p. As per the EMI calculator in google @8% for 7 years 15586 would be EMI per month.
Ab suppose karo ki aap is EMI ko loan company ko nahi dete or apne bank account m har month dalte h with the same interest of 5.5 % so as per the SIP calculator on google the final amount after 7 year would be Rs 15,99,867
So the loss here is 15,99,867-14,65,764 = Rs 1,34,103
Here Mycarhelpline only considered the amount you paid as EMI and compared it with the final amount of bank FD but missed the interest on EMI amount which bank will earn for next 7 years example on your first EMI.
Brother ek baar socho to kya difference h, Bank kyu apna ek employee ko salary de rha h har showroom m bitha k or vo kyun aapke pass ata h sir sir kh k.
Banks are run by the persons who are expertise in finance to make profit.
I also request @Mycarhepline to please correct this video or remove this.
At last sorry brother agar aapko isme kuchh galt laga ho to .
Thanks !
@@yogeshkumar-fd9kh
Respect your words brother
I have taken this decision actually
But I have no plans to deposit in banks
I have other ways to invest my money and sure returns of 12 to 15% per annually against the 7.15 interest that I will pay on my loan that too reduces to around 4% flat rate in long term
Police Comisner Thats good, If you are going to earn 12% annually for continues 7 years then for sure you have won the battle !!!
@@yogeshkumar-fd9kh this needs more upvotes
Nice info on the right time ,i was searching car loan videos of yours thanks sir , i booked renault triber today & this video will help me to decide that i have to purchase car on cash or loan
Well... video up voted before viewing 🙂
Coz... u deserve it sir 👏 🙏
Really Very Helpful session sir 🙏.. Many miths cleared ...
Bank FD interest pay karta hai.
Wahi bank car loan deta hai.
If I go by what you say, bank is making loses for itself and retail consumers are playing smart.
I think it's otherwise certainly ..
You explain everything so nice, it is fixed in our mind. One question is........ Is Au small finance Bank reliable to go for car loans.....need your true answer......thanks bhai
Thank u very much .....I am purchasing car in December ..🙏🏼🙏🏼
Looks like good information, can you publish the content in English as i don't understand Hindi please.
Awesome video! Though I'm not purchasing car immediately, Absolute ROI for new car loan is just mind-blowing info! Spl Thanks for that!.. Your website is too good as well, Small request to make one short English video sometime, so that I can recommend your quality content to more southern friends
Quite informative sir....it was quite helpful...you have given a solution to my problem. Thankyou very much sir.
Thank you
You have confused the matter more .
Very good analysis with facts and figres
Many thanks. Very interesting & informative!
U r really such a car guru sir......hats off
Extremely useful video Sir!!! Thanks
Very informative sir....u shown new aspect of loan..
I read a thread on twitter which said that people shouldn't buy cars worth more than 15lacs. If someone wants to buy car which is more than 15 lacs, his/her liquid assets should be more than 1-2 crores
Do not look at the Flat Rate of Interest. Look for XIRR of the flow and you'll see buying with Cash is always helpful.
Very much informative. Thank you.
Please make this channel a worth millions subscribers
Best and useful information 👍 like Brotherly advices
I have watched your video about how to choose car,that is very good and practical
Sir, ji ye Dil aur Dimag ki fight hai agar Dil ko pasand then Dil le ga Creta loan le ke per Dimag se lo to aaye gi Alto aapne funds se, you can earn funds but you can not earn Time/Age lost.
@@rahulassctCnsltnt Mera Dil to Kitna pagal hai ye pyar.......
Thank you for the informative video 👍👍
The website is really helpful
Sir ke subscriber badhao..he is doing genuine work.
Sir..... lots of respect to you and your knowledge....
Another useful video. Thank you again sir
Thnk u sir for making this knowledge ble vedio which is usefull for us
Now some bank offering part payment without any charges like home loan.
Most important news and this will save a lot of money
Very true.
Even, Time value of money also we should consider.
According to you, which plan is suitable.
Regular EMI or step up EMI?
Step up emi comes with higher overall interest outflow, its a scheme designed for those who just seek lower initial payment as sole objective.
@@mycarhelpline Thanks a lot for this valuable information.
Great Information Sir - in all aspects from your videos
Emi can be used in recurring deposit @6.25 % if down payment is made.
Sir ji thanks for your valuable guidance.....
5.50 This Info Is Very Good
Ford has no offer for freestyle. Do we get dealer level? How to negotiate.
Bhai me Gujarat se hoon ...aaj hee call aaya tha....freestyle titanium 7.20 lakh pe de rhe hai...ek bar jao voh negotiate krege
Very good knowledge points shared.
Information is really helpful.. thank-you
Sir i respect your opinion but i think raat mein chain se neend aaye yahi humare primary goal hona chiye let say koi uncertain situation aa gai do you really think that one can manage to give car emi and if someone cant afford full cash payment then should go for second hand car
Haanji sir sahi time pr video upload kiya apne was going for carloan tommorow 😀
Very informative. Thanks
Thanks for your valuable advice.❤️
Thanks for sharing. this information to all doubt clear about loan.😍
I have never seen a customer who is satisfied with one loan only. With increase in income demand also increases and people tend to get more loan from banks or fis. Now most banks calculate the eligibility on 40% nth. If he is reducing the tenure then his emi will be more. In that case his eligibility will be less for other loans. I had a car loan which was for 7 yrs. I repayed it in 4 yrs with bulk payment at last. When I calculated the total deposit I made to bank I found I only paid Rs. 12000/- interest to bank. In mean time I also was able to enjoy other types of loans as my eligibility increased. I am also a banker doing retail loans but I didn't avail the car loan on staff interest, I took it at customer interest only.
Thanks for some crucial advice ! 🙏🙏
Thank You so much Sir for such profound information..
Nice ! Informative really gud.
Nothing new here, I wanted to learn more about sub-vention. For those who don't know you interest rate amongst many other things like your credit score etc..also depends on the model, make and manufacturer. That's where subvention comes in..I was hoping an ex banker will lend this perspective..