How to buy your next car for free? Use this Strategy
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- Опубликовано: 28 июл 2024
- Who doesn't want to buy a new car, right?
But is there a way to buy a car without letting it eat your savings away?
Well, listen up because we've got a game-changing strategy for you!
In this video, we'll show you how to make the stock market pay for your car. Yep, you heard that right! So, say goodbye to those boring old EMIs and hello to a new way of financing your dream car.
Sit back, relax and get ready to learn how to make the stock market work for you.
You're gonna love this video!
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00:00 Let's begin
00:55 Mercedes vs SIP
02:43 Are SIPs eating into luxury car sales
03:21 Why luxury car sales fell in 2022
05:47 Best strategy to buy a luxury car
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Exactly. firstly You need to have 75 lakh corpus, secondly delay the possession of car by 7 years, assuming that car price will be constant (this is a wrong assumption here).
Third, he is not sharing the assumption rate of interest of 15% at which the money will grow. 15% every year for 7years is a myth, only this guy can sell
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Pratik, you are a genius!! Thank you...
Start the SIP, continue the SIP, once you hit the corpus, you start SWP, in few years the asset is yours, stop the SWP but, continue with the SIP. It is a win-win. Simple.
Nicely summed up, Kanishka :)
Sounds good in theory but 12% returns comes with volatility, so it would me more or less same while doing SWP :)
Thank you prateek sir and vasanth sir,the video is knowledgeful
I loved it too. Thanks
Wow, loved it thanks for sharing
you forgot to tell that one has to wait for 7 years if he wants to buy a car today
what about the hike in prices of the car in 7 years
Thanks for the interesting thought @learnapp but could also help as which kind of assests should this logic be applied to
Super idea👌
Great👍
Brilliant idea 💡💡
Explain me if i am wrong but the calculation doesnt make sense.
Imagine i have 75l as corpus invested in markets. By your 12% return,it should turn into 16580000..right? And i can just buy the car in cash after 7 yrs and still have around 90 lakhs. Makes sense?
Great content.
i found one intresting thing about SWP. say i have X amount in corpus. i can withdraw 6% of it monthly assuming 8% is my returns. then at then end of tenure, i left with same X amount with ~1-2% of X as gains. i may be wrong with calculation but i was very intruged like i felt this as pension plan with zero deprecation in corpus.
Great perspective
Do I have to put collective X amount in SWP and lock it for y years and then after y years I am able to with draw money for starting an EMI?
No there is no lock in for y years
Superlike this concept!
Ooo nice 🙂 what a Idea 💡
Thank you.. One clarification on Swp.. is it applies to a person who is 50y old..
If I continue my SIP as suggested, but instead of taking a loan and using SWP, if I just upfront buy the car with the 75L i have, I'd have 66L instead of 21L at the end of 7 years.
If I have the money and I am continuing to invest, why should I share my returns with the bank?
By the way, can you also make a video on how to pick mutual funds for SWP please? (which can return 10%-12% every year)
Yes needed
NICE SIR
Wow!
Pehle 75 lac full bhi to invest hua hai installment and sip Main sirf installment gai ab sip Main bhi gadi 7 sal ke baad aayegi bhai sara concept hi galat hogaya aapka.
Simple, logical and good!!
Glad you liked it :)
More insight on swp would have helped.. like what in case emi is not paid or market is not doing good.. what would be the scenario.. but loved it 💜
Understood. Thanks for the feedback :)
that makes no sense@@PrateekSinghLearnApp
Isn't this same as what P R Sundar did
not at all
He Traded with upfront money bro
@@surendrarajesh1309 yyes the option king 💸💸
@@sagarraut7711 ARE U FULL TIME TRADER?
@@surendrarajesh1309 yes
Using our own money & investing is what this guy is recommending...
Sip amount not mentioned sir
Very interesting video. It will surely help to understand our priorities.
Two thoughts after watching this video.
1. After 7 years Mercedes cost will be also double or at least 1.5x.
2. We will have to wait 7 years and in these seven years most of us change our desires.
.
Personally I believe in investing that's why I bought a second hand car and waiting for ev prices to come down. 🙏
You won't have to wait 7 yrs with this strategy. You get the car and you pay EMI for 7 yrs
Exactly. firstly You need to have 75 lakh corpus, secondly delay the possession of car by 7 years, assuming that car price will be constant (this is a wrong assumption here).
aree haa yaarr 🤗🤗.. aisaa bhii krr sakte haii ..... wil surely implement 💫💫💫
❤️❤️
Excellent idea, but what would be the risk factors if we do so?
The return that you would generate on the 75L is the risk factor that you should consider
Cool..
One more method is if you have 75L in Mutual Funds. You can take a loan up 70%-80% against your MF and continue paying EMI on that. Your investments are protected and continues to grow, you own a car, and you have a low-interest-rate loan (9%)
Will u get 70% or 50% loan on MF value?
@@norvinmenezes1545 It depends on what type of MF you want to get a loan against, on Debt mutual funds the loan value is higher 70%. For equity it might be between 50-70% again depending on which Mf's you have (blue chip, mid cap or small caps)
@@norvinmenezes1545 and yes 50-70% on your MF value, if you have Rs.100 worth of MF you may get Rs.50-70 worth of loan, also it should be noted the overall tenure maybe slightly lesser
Learned something new today 🔥
Glad Sajag 🙌🏼
Keep learning, keep supporting ✨
Dailogue of robotic printer of money "they eat fast food and drive..."
Nice idea but a bit impractical I think. Firstly, the car price will be much more in 7 years. Second, there will be taxes on SWP amount. Third, your EMI payments are fixed but the Nifty returns are variable, it is risky.
Wow! That is such an interesting way to look at buying any depreciating asset! Thanks Lean App! Genuinely learnt something new today!
Glad it was helpful!
But does the car still be at 75 L post 7 years!! Won't the price of a car increase at least 30%
Its a really nice concept
Will you try it?
Can we use the sae logic for repaying a home loan?
Yes ritvik you can use the same strategy for a home loan too
Pretty good 👍
Thank you!
Inflation adjusted car prices folks, inflation adjusted car prices!
Will i be able to get 12% return in tenure of 7 years. It's my main concern? If yes what fund to choose
Any index fund
10:16 you forgot a very very big thing! Sequence of risk return and future inflation of the car
Bro: You forgot that the car also holds some value after 7 years = approx 15-20L ....
But what abt the initial 20% upfront payment if we stick to SWP??
That you need to figure out how to get
Good strategy in the 2nd method, after 7 years the car price will not be 75L. It may be 1 crore or more than that right .
Cna we use the swp for buying a house instead of a luxury car😏 can you. Please put some light on. Doing it right? 😁 Appreciate this video 👏👏
Hi, yes definitely. You can use the same strategy for buying a house too
Bro but choosing the sip . Tell about that because only some sip will give good returns
I still did not understand how 21 Lakhs is remaining! I am withdrawing every month so compounding is slower. Arrghh confused.
Assuming 12%CAGR and calculating SWP is not at all a good idea because if there is a big down fall in the 1st year of SWP the whole calculation will change and forget about 20L , whole money will be exhausted far before completing 7 years. Please backtest the calculation for such events.
I am not telling the calculation is wrong but can be done with fixed income funds.
You are right.
Yes, we agree with your point. We just wanted to introduce an alternative concept which would be better than taking a loan
Assuming the guy who has 75l just for Merc right now is free n watching this video...
You didn’t consider inflation in 2nd scenario and volatility in 3rd
What happens to SWP if the market goes down
You continue to withdraw its fine
Lol. This is a joke. Its ridiculous how they are peddling this as good finance content.
Why so? Please enlighten 🙏
@@PrateekSinghLearnApp Bhai if someone has 75 Lakhs, the most obvious thing that one would be doing is putting it in the market to get returns, now you can call the redemption as SWPing every month or simply redeeming to pay EMIs. Besides your video titles are getting click baity with every passing day, and at times completely incorrect. The Merc wont be free as you state in the thumbnail here, you'll still be paying close to 55Lakhs, (75 Lakhs of Downpayment into the investment fund - 20 lakhs remaining at the end of 7 year period). How is that free? Your content was pretty top notch but now its depreciating faster than one accelerated depreciation.
Nothing personal, I love the founder, his candid interviews, and the learnapp premium modules; but the free youtube content is occasionally a joke and clickbaity. You can expect to drive some youtube earnings through it, but if your PM anticipates its a good funnel to get premium users, then No.
@@gametheoryvideos2354 It also depends when U r putting Ur money.. it can also backfire as 7yrs is my bounded time!!
@@PrateekSinghLearnAppyou didn’t consider the inflation. Seeing the pattern where Luxury brands are increasing the prices of their models. That 75L model would be priced at 1.2 CR in 7 yrs and you still need to pay the exorbitant amount of down payment for that exact model.
I have another idea buy the car right now and invest the supposed EMA for seven years
Good Idea. But i bought a car already as per option number 1 EMI...
Fair enough!
It’s beautiful
Sir make a video on achieving 1 cr wealth by the investment ideas
Okay sure
@@PrateekSinghLearnApp
I regularly follow most of your ideas and videos
You for to add inflation adjusted price for the car after 7 years
Buying a Merc for a middle class is total waste, better to buy assets like house or land
House is not an asset.
@@harikrrishnanb For me it's an asset which value will increase in future
Very simplistic and effective teaching 👍🏻
Perfect. Do subscribe to our channel and never miss out on the new videos we upload every week🙌
12% maybe the cagr but that doesnt mean every year will be 12%. If your initial years are dog years that will reduce your corpus drastically and you may not earn anything in the end if not losing.
Correct therefore CAGR and waiting for a long time is important
dAMN the beats
Mercedes CEO just got learn app subscription 😬
Haha ❤️
Is Mercedes’ installment will wait 7 years ? Are you in your mind ?
Whatever the best car is 7 years from now is what you can get
❤
Yeh 12% calculation Zara 2020 mein Bata na 😂, absolutely love the click baits people do 😂
Bro taught swp in 11 minutes
Where to invest the 75lakh that's the thing prateek sir🙏
Yes Kiren correct. That's the tricky part
What about taxes? A person with 75L in bank will high likely be in 30% slab. So his return is not 12% but 8%. Is it worth playing this game to earn 8% and pay 8% interest 🤨
LTCG means he’ll pay much much lower than his tax slab remember? :)
Ankur Warikoo explained to me first 😄
Wah wah
Lol. Can we do 2,3 and 1
How do guys do such deep-dive market research on every topic like those factual quantifiable data HOWWWW?
We hope videos published on our platform is making your life easier right? Well, kudos to the team of writers who research and craft these amazing scripts which finally is produced into movie-like videos!
Great video but you didn't take into account the fact that the price of the car would go up because of inflation. So in 7 yrs assuming an inflation rate of ~6% the price of the car would be about 1.5X what the price is today. So you would actually need more the buy the same kind of car in 7 years.
but he said you are left with 21 lacs extra by doing swp. you can use that in case the price of the car goes up.
When taking SIP for 7 years is taken into consideration we need to take in account that after 7 years the car will cost much more than 75L.
Also when talking abt SWP ur not taking capital gain into consideration on withdrawal of 120K
I think ur concept of making the video is good but a bit misleading
Are we considering inflation? Will the car cost 75L after 7 yrs 🤔
Good point. Inflation is not considered here but enough margins are taken in returns perspective to balance that out
After 7 years 75L car will be of 1.2 cr
Analysis is wrong
Theek hai 1.2 crore ke hisab se karlo 🙄
50K EMI for 7 years giving 77lacs. At what rate sir u think the money will grow? 15%?
It’s 1,17,000 is the EMI at 8% for 7 years.
The SIP is 50k p/m @12% p.a
@@PrateekSinghLearnApp lol. u deleted my earlier comment :)
This video could have been finished in 5 mins. Avoid repeating same thing again and again to create suspense.
what a stupid idea .taking a risk and pain for sip to buy a horribly depreciating asset.and then it assumes the car price will be same after 7 years.instead buy a good used e class merc for 12 lacs .and if you have 75 lacs keep that invested in the market.take a 12 lac od from 20 lacs mf of the 75 lac mutual fund investment and keep it as a collateral. just withdraw the interest of 8 to 9k per month as a swp to pay the interest of 12 lacs. sell the car after 5 years for 6 lacs. buy another one and the 6-8 lac gap to buy another one can come from the gains of 75 lac investment for 5 years.repeat cycle
Salaried individuals should stay away from such expensive cars even if they have the cash lying in the bank....as they cannot get to encase upon the depreciation benifit of 15% what business owners have...so if you see a business owner having a merc...remember the by the end of the 4th year they would have got back 60% value of the car and as well get their gst waived of to a certain extent by showing the car was bought for business ....I know this coz my uncle is a business owner and he changes cars every 4th year....and on contrary my father being in 30% tax bracket salaried individual still doesn't have a car.......
Totally agree, stay away from expensive cars. This Mercedes logic applies to a Wagon R as well! Point is to buy what you can afford that’s all :)
This Video Started From 6 Minutes, First 6 Minutes Were Unnecessary Information To Increase Watch Time
But we need to have 75L which is😂
Not good strategy.. one who is having 75L cash can easily invest in some good stock or safer side rented income property and let it grow for few years.. these financial vedio's from influencer have hidden agenda and want to sell some products... Retailers pls do ur own research and Invest wisely..
If we have to have 75lacs we need to earn first 75 lacs spare money which is impossible for most of the salaried persons in India. This is not idea. It’s a joke
Exactly the point, if you don’t have it don’t buy the car. Also this logic is applicable to a wagon r too
@@PrateekSinghLearnApp Agreed. And personally i am not interested to waste money on highly depreciable things. Rather I will spend this money in installments for travelling to whole world.
Tere tiltle p tujhpe case krdu chlega?
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~ 👏👏👏👍❤👌😊
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Caution - this video is for the high paid salaried and rich self employed. Middle class let's stop day dreaming 😂
Shhhhhhhh don’t tell anyone dudeeee!
@@PrateekSinghLearnApp 😂
bohot hi BAKWAAS