Maximum Car Loan, EMI & Car Value?
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- Опубликовано: 3 авг 2024
- What are the maximum car loan, EMI, and car values we can afford? How much should we spend on a car? Car loan eligibility depends on our monthly salary.
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In this video, we discuss 3 thumb rules:
1. Maximum Car Value that we one afford
2. Maximum car loan EMI that we should pay as % of income
3. Minimum downpayment of loan that we should take
EMI Calculator - drive.google.com/open?id=1Kv2...
Time Stamps
00:00 Introduction
01:38 Why do you want to buy a Car?
02:12 Thumb Rule For Buying a Car
03:35 Thumb Rule of determining how much Car Loan you can avail
04:08 EMI Calculator
05:24 Thumb Rule of How much to make Down Payment
06:13 How to Buy a Car in case of Luxury?
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• Maximum Car Loan, EMI ...
अधिकतम कितना कार लोन, EMI और कार वैल्यू हम ऑफोर्ड कर सकते हैं? हमें कार पर कितना खर्च करना चाहिए? कार लोन एलिजिबिलिटी हमारी मंथली सैलरी पर निर्भर करती है। इस वीडियो में, हम 3 थम्बरूल्स पर चर्चा करेंगे:
1. अधिकतम कार मूल्य जो हम ऑफोर्ड कर सकते हैं,
2. अधिकतम कार लोन ईएमआई जो हमें सैलरी के प्रतिशत के रूप में भुगतान करना चाहिए,
3. लोन का मिनिमम डाउनपेमेंट जो हमें लेना चाहिए।
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In this video, we have explained:
How to make a budget for buying a car?
Which factors should be considered while making a budget for buying a car?
How to calculate the price of the car you should buy based on requirement and wants?
How to calculate the maximum car value you can afford?
How to calculate the car loan eligibility before applying for a car loan?
What is the minimum downpayment you should make for the car?
What should be the value of a car if you are buying a car for wants or leisure purpose?
It gets very tricky to make a decision about buying a car because there are many factors we should consider before making the purchase. In this video, we will try to understand how we can make a perfect car budget when we are planning to buy a card for need and when planning to buy a car as a luxury addition to our assets.
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Humare gaon mein toh log khet zamin bech kar xuv, fortuner kharidte Hain😂
Kaha se ho bhai
Pd Sir banaras
Bhai bikti bhi to crores me hai zamin n they don’t buy on loan😉😉
Ye galat he. Apni khusi ke liye parivarik jamin nahi bechni chahiye.
Bechna ne khata gadhe use use muawja milna khate ha to na to or kya free ma de de jameen apne sarkar ko
Shauk badi cheez hai, you dont need to depress your desire. Inspite of saving money by crushing your need, you need to look for another source of income. Once you get into the trap of saving then you won't able to live your life with comfort & luxuary. Never think that you will make money by saving always try to expand your income.
💯 % right
Right say but yes there should some limitations
Sahi bola bhai
Sahi bola👍
I think taking more loan is appropriate rather than paying huge down payment,bcoz carloan is of reducing interest rate ! Moreover car looses it's value 10% every year,whereas money in bank will pay u interest
सर वीडियो बहुत पसंद आया आपका पर गाड़ी चलाते वक्त वीडियो शूट मत किया कीजिए
Point taken!
Yes sir jagdeep g sahi kah rahe ..
Main bhi yehi likhna chata tha per apne likh liya
Right sir
Jagdeep bhai shi kha
I hv purchased seconds maruthi 800 cost 60k ...and it is fulfilling my need
🔥🔥🔥
Thanks for ur SUPER mature logical analysis
I would love to see a lot more
A person should resist to take a loan to buy a car unless he is thinking to generate some income out of it. We should not take a liability (loan) for a depreciating asset.
Passion shauk naam bi koi cheez hoti hai ,usme ye sab ni dekha jata
Agree 😊
Apne baat practical kahahe but jisko chahie car chalaneko o byakti kharid hi Lega. Par darna jaruri he, nehito showk pura Karneme ade rahenge to debaliya hosakte he.
I want to own and drive a premium car but I don't want it when I get old.
@@maverick9043 loan pe shauk pure nahi kiya karte. Us ke liye kamake layak ban na padta hai!
I bought a car for Rs. 480k when my salary was 45k and that too full cash.
Still proud of myself :)
Bhai insaan kamata hi ash krne k liye h .
@@shikharupadhyay4284 sahi hai. Paise leke kabr mein thodi na jaenge
I appreciate your effort to educate us about such critical decision making process
Thank you sir... After listening to your advice I am now confident that I am on the right track and I can buy the right car as per my need and not my wants :)
Very good suggestion sir.Your way of explaining is very simple and affective.
Thank you so much for describing in a very simple way possible which makes totally sense to us for planning a car. Thanks again👍🏻
Keep learning Amit
Very detailed, easy to understand and informative video on car financing. Worth a shot for new car buyers👍 would clear many doubts.
Also, your way of presentation is to the point and easy to understand.
Keep up the good work sir.
Beautiful advice & calculations & analysis about a car purchase sir. Nice one. Thanks for sharing this beautiful vlog.
Loan trap situation is comman in monthly salary servant. So nice explained Yogi.
Thank you for appreciation Ranjit 😊
I always follow your input before making any decision! Thank you for making such a informative videos!
You are so welcome!
I bought wagon r in 2017 when my income was 35k with 8.7 percent with SBI.
Paid zero down payment and now EMI is 10k.
You can buy car with zero down payment and invest the saved amount for better returns
Gaurav Nerkar if u bought this car to generate money then ok else taking 100% loan from bank for satisfing ur want, is a bad decision.
If return from that invesstment is more than interest you paid, then its ok otherwise its loss
And whats that better return which gives better rate than 8.7?
@@ashishdeshmukh6738 sir can you please explain why its bad decision. curious to Know, thanks in advance
Cleaver disision
Thank you sir for giving a very important information. Once, again thank you!
Keep learning Satwant :)
Sir , I am pursuing my CFP and your videos really helps me to understand real life scenarios. thumbs up
Thanks Gaurav :)
Thanks for this, gives a good calrity
As always.... very informative video...
Thankyou
Fantastic बिल्कुल सही बताएं है । हमारे लिए बहुत ही उपयोगी जानकारी है ... उम्मीद है कि हमेशा ऐसा मदद मिलेगी ... धन्यवाद
Dhanyawad
Oh! Awesome,,,, 👍 i like your counseling & videos...
Aap ne toh mera sara confusion clear kar diya thank you Bro'da. 🙏 👦
Glad to hear that Nabin. Keep learning 😊
Bahut sahi Bhai.. one of the best channel bro.. absolutely shamshing knowledge u have
Thank you for appreciation 😊
Your thinking and my thinking is 100% matched dear. Thanks
That's Awesome Sanjeev :)
Excellent analysis , it changed my prospective, thank you very much 🙏
Keep learning Pratik 😊
Excellent analysis. Everyone should go through this before buying a car.
Thank you for appreciation and support Jashbeer 😊
Nice video and knowledgeable, I think you have gone through very bad financial decisions hence you received experience and output is very good videos on so many topics
Thank you for appreciation Sagar 😊
May be. Good thing he has realised and fixed his financial issues and gained a lot and now he is explaining others how to save! Thank you AY.
सीधी बात:
औकात नहीं है तो, मत ख़रीदो!
खरीदनी है तो, औकात बनाओ | ☑️💪🏻
As a Employe I full agree with bro thank you for your best suggestion ❤️
Keep learning 😊
Thanks for posting video!
My firm provides car lease, i can buy a car with 3/4/5 year lease and at the end of the lease either i can buy the car at the resudual value or I can return the car.
During the lease period all the maintenance and insurance cost will be born by the firm.
I'm confused if i should pay the entire amount( I will not finance the car) or avail car lease as it also provides me tax benefit.
Please suggest.
Good. .Vedio. Apke vedio se bahut kuch seekhne ko milta h apene buzzut k according chalna chahiye insan ko
It z worthy 2 say and pleasure dt I luckily saw ds vdo just at d time when I m confused about need and want of buying a car.
Ur vdo helped me immensely 2 tk decision about car buying financial aspects.
Thanks again.💐💐🌸🌸
Thanks 😊
Whats the opinion about the accessories to be purchased from the car dealer or separately as & when one could save ? My experience, accessories at the dealer comes expensive.
Besides the down payment for car one must not forget, they also additionally pay in full for insurance & road tax. So if you are going for the loan, take into account how much liquid cash you have set aside not only 20-30% down payment of car but also for road tax & insurance. Cheaper the car smaller is those miscellaneous taxes.
Another experience; as the luxury of the car increases so is its maintenance cost at the regular service intervals.
After watching your videos I totally change my life perspective, now I am totally focused towards wealth creation and minimising unwanted spending. Thank you sir 🙂
Thank you for the appreciation & sharing your thoughts Akshay 😊
Very good sir bht achi baat kahi aapne .....ho skta h 90% log aisa na kre bt mza aya aapki baat sunke
Sir your way of speaking and expression of thoughts is very impressive
ये विचार काफी सही है और इसपर वीडियो बनाने का मकसद भी सही है ।। आजकल बजट वैसे ही बिगड़ा हुआ है।। पर आपका कार्य उत्तम है ।।।
आपका बहुत बहुत धन्यवाद 😊
Bilkul sahi
Very Good Video Yogi ji!
All things explained in simple manner..👍👍
Thank you for appreciating Dr. Rahul
Your videos are always full of knowledge and information.. thanks a lot !
Keep learning Shailesh :)
Hi what could be the calculations for two wheelers especially 1.5 lakh plus bikes
This will help a person struggling to pay EMI on loans, Thank you for such a good analysis.
Keep supporting 😊
This is totally worth the time👍🏻 keep up the good work.
Thanks for appreciation 😊
Great video.... Thanks for sharing as a knowledgeable video
Thank you sir.. such a helpful information for budget buyers 👍👍👍👍
Sir, My company provides car leasing option through a third party leasing company. Leasing offers a great tax savings benefits but still I want to know your opinion on the same. I guess it would be really helpful if you make one video on Car loan vs. Car lease in India.
Good job brother...i like your video... pure logical with sence and reality
Thank you 😊 Boss
One of your best video which acts as important decision making tool
so so informative!! thanks a lot
Glad to hear that :)
Bhai, sach m bhot acha kaam kr the ho keep it up👍
Thank you for appreciation 😊
100% agree with you. We should avoid loans as far as possible.
Please explain tax deductions on ITR for a car loan, where in the borrower is a business owner and intends to use car for business purposes only. Thanks
you are sharing a very valuable information...many will not be understanding it now...but later for sure...thanks a ton for such great video...
Keep supporting Chandan :)
Please guide about home loan also.. that will be more helpful like this...
Awesome info. Sir.. Impressed
Hope it helps you Lalit
Bahut bdiya Tarike se samjhaya
Thanx
Shayad esi jaankari koi apna bhi nahi deta
Great man thanks what a useful knowledge you have provided
Thanks Deepak
Good Job Mr. Malik , This video guides me alot while taking a new car as per my budget. put Such a nice video more n more , so that it help us to take a better and best Desicion. Thanks alot u save my money , Time. U change my prospective about my Life. THANK YOU SIR ....
Glad to know that you found the video helpful
We need your videos as oxygen.your videos are amazing
Thank you for your such kind words 😊
PERFECT INFORMATION SIR JI😊
बहुत बढ़िया तरीका है समझाने का भाई अच्छा लगा। धन्यवाद।
Dhanywaad Devendra :)
loan matlab phasi ka panda , buy used car under 2 lac nowadays due to social media you can easily get good cars plus people change their cars every 3-5 years so you can get a good deal
1 like firt comment
Nice video and more then knowledge full video
Thank you Viraj 😊
Very nice video. Very clear thoughts and logical approach
Hope this is useful Aman :)
Hello Plz tell hdfc Step up car loan is gud to take or not ? Any risk Plz mentioned some details
This channel is really an asset for me.
Keep learning
Good job 👏 sir
Worthwhile message
Thank you for appreciation Naresh 😊
Hatts off to you sir, you have done deep details, so useful.👍👍
Thanks Rupesh 😊
Donot think any people's comment...you r telling what is good for us.. keep it up
Sir, Any video about taking student loans, how can a person efficiently manage a student loan of 25-30 lakh?
Very informative video sir especially with respect to Indian scenario
Glad to know that you found the video informative Aniruddh 😊
Right time pe right video dekh li mene. Very helpful video
क्या बात खूब useful वीडियो शाबास
Thanks for the info. I am going to buy a car this month based on my need and want. Your calculations have given me little relief.
Glad to know that the video helped you 😊
Wonderful thinking sir... i really appreciate your efforts with this video...
Thanks for appreciation :)
I was in a same dilemma ..Thanks for direction 🙏🏻
Thankyou sir for your valuable information.
HDFC bank coming with balloon loan and flexi Loan, which gives lower imi initially and then gradually it increases emi amount per year. So is this beneficial or loss making option pls help
Never choose a loan in which you need to pay more late. This will increase interest. And your initial instalments will be wasted in paying interest only, principal amount will not decrease.
I prefer to buy second hand car. As I am not traveling more than 300kms per month...so why should invest more amount in depreciation asset...😊😊😊😊
बेहद जरुरी बातें बताई हैं आपने, हालाकि गाड़ी हम ले चुके हैं, और आप ही की तरहां सोच समझ कर, एक सुंदर वीडियो 👌👌पूरी तरहां से सहमत हूँ आपसे 🙏
आपका बहुत बहुत धन्यवाद Harish 😊
Great content, cool cars
Appreciate your time and effort.
Thank you for appreciation 😊
Well explained bro..
Thanks
Thank you, good useful points covered 🙏🙏🙏🙏🙏👍👍👌👌👌👌👌👌👌
Thanks 😊
Thanks sir aap ne acha se explain keya
Its really helpful.. You are true in telling that luxury should not buy on loans..
Thanks 😊
Thanks sir. I was looking for same video.
Even I was confused that upto what cost should I purchase a car. You clear many things.
Sir, Bahut Badiya! Dea diya
Thanks for your kind information
Jyda loan future k liye thik ni rhta hai
9 vb
K have 50 lakh alto 800 par laon lu ya pura cash kru
Zyada nahi bhai loan lo hi mt gaadi hamesha cash me khareedoo jitni chaddar utne per failao
Pls clearifying this monthly income after payoff liability like home loan, insurance etc..
Sir zoom car ZAP se car lena kitna saf hai? Iske bare me bataiye?
Bahut accha video hai aap Ka sir ji
Thank you for suggestions
Keep learning Ram :)
You mentioned that the budget has to ten times your salary, my question is are you considering showroom price or on-road price? There is a big difference between the two, plz specify
Obviously on road price.
Can you do similar video for first time house buying..
Topic noted for future videos.
Plz make video on CC Account (Cash Credit) statement reading and interest counting in easy method with example
Practical and informative.
लोन से देरी भली😊😊😊,nicee वीडियो मुकुल जी😊😊👍👍👌👌💐💐💐
Thank you Deepak 😊
😊😊
Sir agr down-payment 2 lakh ki 6 lakh ki gardi pe aur 1 Saal baad 2 lakh firse ek saath de dunga toh uspr interest toh nhi lagega
Nahi lgega, Wo principal me settle ho jaega.
Part payment 2 saal baad hoga
Thanks sr....Mae 13L ki car lae rha tha...3L cash 10L lone. ....but after watching your video......9L cash.....4L...lone....🙏