Shocking Reality of Buying Luxury Cars Revealed | The 1% Club Show | Ep 8
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- Опубликовано: 27 май 2024
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The reality of buying luxury cars in India is SHOCKING to say the least.
Are you a petrolhead? If so, this video is a must-watch for you! Introducing Ramesh Somani, he’s the founder & CEO of the Exhibit group and the chief editor and publisher of Top Gear India.
In this podcast, we discuss everything about cars, from how someone can buy high-end cars to whether luxury and sports cars are investments.
A big thanks to Ramesh for joining me on the show. And I highly recommend you watch the episode in full. Trust me, this is one ride you do not want to miss.
Ramesh Somani : www.linkedin.com/in/somaniram...
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Time Stamps:
(0:00) : Highlights
(0:36) : Ramesh's luxury car collection
(1:08) : How to become a fast drifter?
(1:36) : Drift School in Iceland
(2:25) : Why the rich buy luxury car?
(3:28) : SHOCKING Mercedes sales: India vs China
(3:59) : Super luxury cars sold in India, cost and add-on charges
(5:15) : Why Bollywood celebs can't buy luxury cars?
(6:17) : How Ferrari invites you to purchase
(7:00) : Luxury cars are appreciating assets?
(8:04) : Hack to get luxury car for FREE
(9:21) : Average networth of a person who buys luxury cars
(10:27) : How often do the owners drive their car?
(11:50) : What is the fastest car in the world?
(12:19) : One car Ramesh would choose for the rest of his life
(13:03) : Dangers of driving too fast
(14:41) : Luxury car in 30 Lakhs to 40 Lakhs range
(15:33) : The 0.001% club of luxury cars
(16:43) : Taboo in India about luxury cars
(18:05) : Top Gear India
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Sharan Hegde is a personal finance expert who has been featured in Forbes, Economic Times, Mint, Times of India and many more. He is the Founder of The 1% Club, India's biggest finance community which helps people achieve financial independence.
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Instagram: / financewithsharan
Facebook: / financewithsharan
LinkedIn: / sharanhegde
Twitter: / financewsharan
RUclips : / @onepercentclub12
#financewithsharan #finance #sharan
If govt removes the stupidly ridiculous 100% tax for supercars and actually not construct stupidly high speed bumps, you can see a significant number of supercars
Then you actually Need SSSTUUUPIDD HOSPITALS...
AND A LOT MORE STUPIDDILY RIDICULOUS accidents..😊
Well the 100% tax is not a stupidly ridiculous idea... If govt don't tax the richy rich, it will then have to come up with REAL stupidly ridiculous policies to tax poor & middle class more to compensate for its loss in income from taxation.
It's more than a 100%
It's around 240% all said and done by the time the cbu is imported
In India the roads are already full with cars if tax will come down then we can't drive the car on roads as there will be no space to drive
It’s not the government but the Indian car manufacturers which don’t want foreign companies to sell those high end products for cheap
The 1% of rich people think of how to invest their money to increase their wealth during the recession. While 99% of struggling hard-luck people think of how to survive without food and daily necessities in the recession and the coming hyperinflation
I am a dividend investor for the most part but I have bought Tesla stock a couple of times. However I have bought Tesla stock again and will hold for the long haul this time.
I don't think I need a finance advisor. I can manage my own money and investments. I don't want to pay someone else to tell me what to do with my hard-earned cash.
@@TheRothschild770 That's a risky attitude, My friend. You might be missing out on some valuable opportunities and strategies that a finance advisor can offer. A finance advisor can help you plan for your short-term and long-term goals, optimize your tax situation, diversify your portfolio, and avoid costly mistakes.
@@RoseBalerus I agree with You. A finance advisor can also provide you with objective and unbiased advice, especially when you are facing emotional or stressful situations. They can help you stay on track and avoid making impulsive decisions that can harm your financial future.
@@TheRothschild770 I used to think like you. I thought I knew enough about finance and investing to handle everything myself. But then I realized that I was spending too much time and energy on researching, analyzing, and monitoring my finances. I was also overwhelmed by the amount of information and options available. I decided to hire a finance advisor and it was one of the best decisions I ever made. They saved me a lot of time and money, and gave me peace of mind.
This is how you conduct a podcast. Let the expert talk on their topic and as the host, ask great well reserched questions.
The appreciation of the car, Applies to a selected few cars. Which are produced in limited quantities like the McLaren's F1. Other mass produced supercars deprecate at a rapid pace.
I think much more wider available cars such as the 911 platform of Porsche also appreciates
McLaren Speedtail and Ferrari LaFerrari is also in appreciation
@@Deepanshu_hooda yes coz they are in a limited production run
@@pavitravirani5293 Yeah majority of the limited production cars appreciate in value
@@pavitravirani5293 that's the main reason
This is the example of a unique topic and type of podcast we can do. Please bring in more of such type. Thanks.
What i really like about this podcast is that sometimes he ask question for audience which is something most of the audience really want to hear. Like the luxury cars within 40-50 lakhs etc. He knows the audience pulse.❤
I almost never comment on RUclips videos, but had to mention the fact that this guys seems to be a Humble guy who has some good communication skills.
Appreciate it !!
I bet , Mr Boopesh Reddy would be one of 5-6 person who will get the allocation of Ferrari Purosangue ( means pure blood ) . This is because he is one of two person who in India who got allocation for Ferrari Competizione. And that car when launched was about half a million and now sky rocketed to about 2 million usd .
For kind information to other, he owns BREN Corporations which involved in real estate in and around Bangalore .
There are 4 competizione in india
So informative! This is one of very few YT videos I watched without fast forwarding!
I appreciate Ramesh's candid insights into the luxury car market
Quite insightful episode Sharan! Looking forward to a part 2 with Ramesh Somani.
Soon! Thank you :)
@@financewithsharan yes! need another episode with him
I got the chance to go for a spin in the Lamborghini Urus Performante. A car with that power is just crazy. It just blew my mind and as a car enthusiast it was the best moment of my life.
Very well narrated q&a that gets completed before our attention span exhausts.
It was quite an informative show and i enjoyed watching it. Keep up the good work , good going Ramesh
11:14 Ramesh being extremely honest 😅
This man is just amazing!! He knows everything…. well almost everything about luxury cars👍👍 loved the content of the podcast 👏🏻👏🏻
Thankyou
Simply awesome interview . Something new information of 1% club.
Very knowledgeable guy and he knows how to out forward the points in a conversation
Damn Man!!! I really loved this one. The way the question and answers. Thank you both ❤
Thank you so much
Sharan bro doing absolutely great....i think this is very unique video in this 1% club episode . Eagerly waiting for 1% episodes.keep doing like these❤
Thank you so much :)
I love the way he asks questions like a curious kid, i got all the answers to the questions.
Loving the 1 percent club. Keep them coming.
Being auto enthusiasts I can feel the podcast thrill
Your questions were on the Mark 🎉🎉,, superb 🤘 Bro
I always wondered what an Indian Top Gear Show would look like and more then that who all will be perfect to host and match the craziness of the og gang.....i guess we are finally going to get the answers. Really excited for it.
Excellent and Unique content. Thanks brother 🎉❤
To be successful in markets, traders should understand the crossover between asset classes & liquidity flow. Evelyn Infurna focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch.
The best strategy to use in trading is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed, I'll highly recommend Evelyn Infurna, she is my current trader and her strategies are working
Run a quick online research with her name.
She's quite popular for her services. She can work with anyone irrespective of where you're located.
You invest with Mrs Evelyn Infurna? Wow that woman has been a blessing to me and my family.
Crypto has opened doors for global financial inclusion. It's time for a more equitable world!
Money is not meant to control people, rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place.
Oh yea! Thanks dude, been looking on a way to get his contact. I’m happy I came across this now.
Sad that Sharan has been reduced to cheap tricks like click baiting.. There is no info here that gave anyone any idea abt what ur caption Pic says.. So lame. This is how RUclipsrs fall down after peak
New cars getting more expensive is inflation, not appreciation.
Very very nice and practical discussion 👌🏻👌🏻
I learned something new today... thanks to both of you
Superb video 👌 very informative
This is actually the content what we want to see in an podcast rather than 2 people sitting in a room and talking about aliens
😂
Nothing wrong in that. You consume what you like, only.
High economical imbalance creates lifestyle differences, If i want to tell a classic example, I would mention actor rajinikanth as an outsider i have seen him using only commuter vehicles like Honda City, Toyota Innova,Tata Hexa etc. but their adorable daughters uses only expensive models on all brands like GLS, URUS, 760li etc. So this small story tells us That it is all upon human's mindset whether what to buy or not. A hard working father at age of 72 thinks 20 lakh ₹car is enough to ride over city, Still their daughters who probably never went for a job still needs an 7series bmw to ride as their father earns a lot.
14:53 one of a luxury car that is a competitor to audi q3 and bmw x1 is the vw tiguan, Highly underrated, and mod friendly, kodiaq is also a pretty tough competitor for those . These cars can be bought for less, as alot of profit margin is left for dealer.
Amazing video bhai 😊❤❤❤ Unbelievable fact of ultra rich people 💎🙏🥰❤️
great podcast. enjoyed it.
Informative. Good stuff
Sharans ability to navigate through complex topics and extract valuable insights is truly remarkable.
Thank you so much :)
Agree
50,000 crore = 6.2 billion dollars
18:53 dubibudidubu
One look at the guy who is being interviewed and the little voice in the mind says "stay away". He has Mr. 420 written all over 😂
Watched non stop !!
Same as in case of mustang in india even 5-6 years old are sold for approx 75 lakhs whereas new costed around 65 lakh
Why do people buy a old car when the new one is cheaper?
@@karthiksudhan3406sale of mustang is stopped
Haan yaar 4RA ke welcome bonus ne toh pehli baar me hi maza de diya tha, bohot badiya 🤑🎉
Most interesting podcast 🎉
Listening to Ramesh was really informative
Wow! The best content for a car enthusiast like mee!
Such an important topic 👍
Amazing amazing podcast.
Don't know who the guest is, but love him
Yaar 4ra pe bets lagane ka maza hi alag hai, process bohot simple hai 🎮🔥
Sharan bro this some serious motivation video for everyone,thank you for this video 🙏🏻❤❤❤
Glad you enjoyed it
lovely content Sharan sir.
Great Topic !! learnt a lot of things !
Every car guy dreams to own these beauties.❤
Correct.
Hats off Sharan, you've the ability to keep the storm at bay. #iykyk
Very good content. Unpacking it for the non technical people.
Why is it that almost nobody in India can get basic count words correct? It's not "lakhs" and "crores", but _lakh_ and _crore._ In the same way that one does not say "5 thousands" and "5 millions", one does not say "5 lakhs" or "5 crores". And 10:36 the symbol for "kilometres per litre" is km/l, not "kmpl" (which would mean "kilometre-picolitres").
Very practical guy. 👍
Loved it. I never knew any of these things before.
loved watching this video!
Thank you :)
Wow ,nice interaction
Haan yaar, 4RA pe deposit karna bohot easy hai, options bhi bohot saare hain 😃👌🏼
That's Awesome content!
Fresh judgement on RTO charges in Andhra pradesh High court passed about RTO charges it should be calculated only on net price value but not to be calculated on Ex-Showroom price even on Luxury cars, as it is mention in vehicle tax schedule 6. If anybody did so they can claim those charges from the showroom dealers. be aware of road tax while buying new cars.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Anna Williams
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
What impresses me most about Anna Williams is how well she explains basic concept of winning before actually letting you use her trade signals. This goes a long way to ensure winning trades.
Isn't that the same Mrs Anna Williams that my neighbours are talking about, she has to be a perfect expert for people to talk about her so well
I'm new at this, please how can I reach her?
Amazing...................
9:38 The laugh for no free service😂😂
Fastest EV Hyper car is Rimac Nevera. Rimac is now a joint venture with Bugatti
Bro is a pseudo enthusiasts. He wouldn't know that. If an enthusiast wants a Bugatti, there's only one. The cheapest. Rest all Buggati's are the production game and that's all. Go buy a Chiron. Maybe a SS if you dig top speed.
@@kushagrasaxena9458 Get your facts corrected Rivac used to be one, also do you even know how many variants of buggati are there? its just not Chiron , Please get your facts checked before your call your self a true enthusiast
@@exhibitmagazine all current variants are based on Chiron. Same platform, same W16. The only difference between the variants are designs and production units. Go eat a brain somewhere else.
@@kushagrasaxena9458 Can't believe how TG actually sold themselves to a chump like this.
@@kushagrasaxena9458The cheapest Bugatti is actually an electric scooter
Bhai 4RA ka interface itna easy hai, sab kuch easily access hota hai 📱👌🏼
Got motivated by watching this video❤
it was superb and very interesting
Good Podcast. Is there a complete video to watch..
Amazing knowledge and enthusiasm
3:10
It's NOT rupees, it's quantity
Power Of Stocks -- Shubhasis Pani (Stock Market Trader) Buyed Lamborgini Urus
4rabet pe roulette khelne ka experience bhi zabardast hai, kabhi bhi bore nahi hota 🎰😃
perfect host and perfect guest . enjoyed every sec
Very nice interview Sharon and Ramesh
I just share to my friends this interview
Complex things told in simple way
Great video editing I love it
Sharan never disappoint us.
❤❤❤
Daddy will always be daddy with dad questions.
This is the only time he satisfied me 🙂.. different personal interests ig
@@financewithsharanhey sharan u didn't asked him what's the nost comfortable cars and their prices , u know we don't have that much money 😅 , comfortable cars would be a good choice for people like me who likes to go for long rides , anyway bring more people who can give us insights on different topics 😊
Really enjoyed this video❤
Appreciating cars in the future are Ferrari 458 Italia.
Ferrari 458 speciale.
SLS AMG.
GT3 manual.
Gt4 manual.
Svj.
And all other hyper cars like Pagani, Koenigsegg, Bugatti and more.
Please make more videos of reality of finance of supercars ❤
Amazing Insights 🔥
4ra ke s me participate karna bhi faaydemand hai, bonus aur prize money dono milte hain 🏆💪🏼
If you treat you a as a companies asset and you claiming depreciation from that asset and 1day you sell that asset in profit you have to pay capital gain on this asset because it's not and personal asset it's a company's assets,
I didn't expect this from Sharan who himself giving knowledge about taxes to others .
Car Content like this Awesome.
Bhai 4rabet pe games ka collection dekh ke toh main impressed ho gaya, live games, casino sab kuch hai 😍🎉
Such a great video
I don't believe that any product which gets used is going to be appreciating in its value. If someone offers something too good to be true: Its a SCAM.
Yaar 4RA ka birthday bonus bhi super cool hai, apna birthday aur bonus dono celebrate karo 🎂💥
From Pakistan, Learned a lot from your video
Mostly super car gives mileage above 5kmpl and they have tanks above-70-80 litre, so even lowest mileage car you can do above 300km 👍🏻
There is a punjabi sikh cardiologist in canada tronto who owns three ferrari, ferrari always sends him notification for new models
Yaar 4ra pe crash games bhi hai, pura excitement aur thrill milta hai 💥💸
Well said though. RSQ8 is one of the most underappreciated luxury sports suv. One of my favourites over Urus
Bmw X5
Good discussion loved it.
Yaar 4ra pe live games aur casino khelte waqt pura entertainment milta hai 😍🔥