Hey everyone, If you'd like to use our Car Affordability Calculator, you can find the link below. Please make a copy to use it. For detailed instructions, refer to the description above. docs.google.com/spreadsheets/d/17SM0nY5ChFvyXzDFPXK4fOyaJhDkD7zl53wLd8sAiCU/edit#gid=0 And make sure you subscribe to the channel for more such content!
The calculation is missing the sales after depreciation. Suppose the individual will sell the car after using it for 5 years with a depreciation of 50-60%. Hence, the total cost of owning the Car will be down by 30%. Any comments?
No one noticed that fuel cost cannot be Rs. 40,000 per year. You a have just multiplied fuel rate with months, not taking into account the consumption of fuel by the vehicle (Mileage). A 10 KMPL SUV will cost you atleast Rs. 40,000 PER MONTH, NOW multiply this 40k into 12. Got it?
Consider GST (48%) + Road Tax (20%) + Income Tax (33%) + Fuel Expense + Maintenance Expenses (Insurance, Service, Wash package, Accident repairs over insurance claim,...).... Decided to keep my 15 year old car for another 5 years 🙂
Some add ons from my side 1. Fuel cost is considered on the lower side for suv. It will cost atleast 1 lakh per year 2. Insurance cost too is on the lower side 3. Tyre needs to be replaced every 50k km. Replacement cost of 50k every 5 years needs to be added 4. Car detailing costs to be added 5. Car parts replacement cost ( expected after 7 years) needs to be added. And these are damn expensive. 6. Repair cost due to minor damage/ accident. Now the true.cost of ownership zooms.
I own a car from past 7 years and some one who tracks all the expenses I drive a maruti vitara brezza. I ride about 10k kms Max a year and get around 50k for fuel. Replaced my tires at 80k. Insurance cost is as per the video. I haven't done any detailing nor I have faced a accident. Since it's maruti replacement of car parts won't be much expensive.
this is exactly where business owners win and individuals (salaried) lose. A business owner can expense this car to their company and get a tax write-off, but an individual would have to pay it as income tax no matter what
Don't forget, you will also never enjoy the value of the 2.96L tax you paid. Cause even though India is making strides in AeroSpace, Defence and Nifty is at a new high everyday, ultimately the infrastructure and standard of living here for the common man is not moving forward. Which will eventually eat your mental health and in the long term your physical health. So YAY!
Thank you. Somebody said it. Once you buy and start driving. Every distance is automatically in rupees in your head. You'll reduce driving unnecessarily and wonder if the purchase was worth it
@Johnwick78ystop with the elitism, this is not blind hate it's criticism(thls is good). You act like a sheep, blindly obeying and doing as "master" says. When one already paying income Tax and is expected to again pay half the price of fuel as tax then they can complain, this ain't no fucking rocket fuel. Use your own logic on yourself, if one should not talk about things being expensive then you should just watch the video and stop replying to comment you don't like, just ignore them. It's not like your opinion is that important that people need to hear.
One thing that I've come to understand over time is knowing your 'Aukaat ' at each and every stage of your life. And that 20lpa figure which you quoted is made by a select few that too in IT industries..Rest all industries,govt jobs even people in medicine make way less in the early years of their working lives for them to afford a SUV.
@@rishabhbhandari5211 if you work as a JR in Delhi / PSU companies only then you'll make that amount..all other places give you 6lpa and you'll need to work 2shifts to make 12lpa
This videos really make sense, I am posponing My car purchase from 2 years for the same reason, Once I really need car I will buy it untill then I will use my 2 wheeler.
If possible, buy a second hand car for around 1.5 lakhs. The safety and comfort of small can't be provided by 2 wheelers. Even 15 year old MS 800 is ok.
@@thematchless97 Choosing a second hand car is always a tricky business. Always go for simpler cars such as Naturally aspirated petrol cars. These engines are easier to service/recover (5 k). Replace 4 tyres (25k). Service suspension and AC (20k). Within 2 lakhs, you will land on a usable car.
@@rohitpromise3815 Bhai isko Hinglish kehte h, which is very common in cities. (I did the same here again). Aap kbhi Sheher aao toh batana, will teach you.
My father says buy car worth 10% of your liquid assets. Like If you have shares and FDs worth 1cr buy a 10lakh car not more and trust me its really a great advice. I'm a huge BMW fan and my father said when you have 5-6cr worth assets then buy it...chasing that target.
superb , this is the kind you financial advice currently need . I am in my early 40's it works exactly the way you said . how you plan you 20's 30's really gives the financial independence when you reach 40.s
The sudden craze for sunroof in every kind of vehicle shows how much our people understand the feature and the need for it. They are showing similar understanding in their choice of type of vehicle they want to buy. Happy days for car manufacturers , so easy to extract more money from customers who don't mind to pay for needless features as long as it impresses others !
Over extend that argument.... Clothes also mean nothing....we can wear simple / plain clothes... Social status/ trying to look cool and all....makes us do funny things
I don't have a sunroof car. But I would want a sunroof not for the sunlight but for the roomier feel. I know I will never open the sunroof for sunlight for sure.
I have a 20 lpa job i use my 110 cc jupiter scooty for office where i save my fuel costs and my traffic time by half an hour and use my baleno on weekends as simple as that i love tata harriers safaris so some times i go to showrooms and test drive and enjoy and leave it there only
Waah....yeh sahi idea hai. I wanted a bullet and I didn't want a bullet, so I would once in a year rent it for 2-3 days and get over the itch. Great suggestion. I'll go on a test driving spree now.
This is really practical things which is discussed here.... Today SUVs craze but notedown...after 10 years people will buy hatchback due to parking and maintenance issues...
@@SWAPNIL._.12.X it works the same way bigger car with big engine produces more emmisons just like truck and bus emmit more emmisons and also more congesting in cities.today we have nuclear families in cities
@@VarunTomee-kr6nf yeah but they are still following regulations of how much maximum emission they are supposed emit . These regulations are gonna be lower by time which is gonna lead to less overall pollution by vehicles at least. Electric buses are taking over so that is fine . For trucks it will take time. Having some extra seating capacity is never issue.
Can you make a video on "What to expect in 30s & 40s". What do you mean when life actually hits you and what are some of those actual joys that would be there in 30s and 40s for which we should plan
Kudos on the affordability part We own a Tata Nexon Petrol Top Model, Annualised EMI + Fuel + Service + insurance Cost +misc is 13% of my annual income and 7% of household income Plus SUV is not always the most comfortable given the higher Centre of Gravity
Can you also make a similar video on owing a house in 20's Vs renting + investing some money into mutual funds over a period of 20 years , which eventually gives me the same house which I planned to buy in my 20's
One point to take a note of if you're an employee, is to see if you might need to relocate to some other city or state. Then buying a home in 20s will cost you more as you'll have to pay Rent in the new city, as well as EMI of the house you bought.
How did you calculate fuel cost? I think you should put modifiable fields there - Avg no of km drive / year, Fuel type CNG Petrol Diesel Electric etc, Car mileage for better results
Perfect - I am saying exactly all these for years to my friends. Everyone use to say that I am heavy negative person. Leave all the financial side, 98% of my friends who where using xuvs are driving it like Maruti 800. Saving the vehicle from all the road pits, looking at the speedometer, not even that going to hill station by synthetic road can cause stress on the engine etc... It's ok I am no one to comment on all the material things. Including me 99.9% people are living others life. Alakh Niranjan 🙏
Brilliant script and nice acting as well. Commendable how much effort you put to teach such basic finances. I am slowly getting hooked to your videos. Keep it up.
Nicely curated video. Keep it up. Society is pushing us to buy things which are 'wants' (SUV, iPhone, international trips) and due to affordability via EMIs, we are moving to more materialistic.
Very informative content, my disposable income is around 18 LPA and I own an Alto K10 AGS since 2018, now everyone instigate me including my juniors at work to buy a bigger car. Considering my financial liabilities and city traffic I have a plan to continue with this car for at least next 3 years and then buy again a new car within 7-8 lakhs. Irony is I can see people are with disposable income of 10 LPA are buying SUVs with a hefty EMI and when I try to make them understand they always tag me as “Kipte” 😂😂
Very nice. Stick to this until you really feel the need to upgrade. I upgraded from a 12 year old Indica to an XL6 5 years ago only after my family got bigger.
Very true. Well explained in a lucid and practical manner. The affordability calculator is really helpful. I own a premium hatch back, 8 years old. Plan to keep it for another 7 years and then i would think about switching to SUV. Car should not be bought impulsively but based on affordability and real need.
There is some abstract value to always having a safe commute option, the travels it makes possible and especially for enthusiasts, the joy you get out of driving. Most calculator see car as an appliance which is true for a lot of people. But there are a lots of exceptions in every case
Good one. Now one would think of checking in an unregulated used car market which has exponentially increased. The fun is used car dealers are quoting atrocious prices too which eventually forces most to just buy a new one for peace of mind. Yeh desh kabhi sudharegaa nahi..
This is very nice as being in business- we used to calculate on similar way , Moreover we need to consider - 1. when the car is to be disposed / shift in ownership . Ideally not more than 6 years according to us. 2. Resale estimate ( be very prudent ) 3. Buy new or Second Hand if it’s a Good deal. 4. See your actual usage of the car - KM per year and decide too - if high wiser to go with a low maintenance car brand like Toyota. Etc . And if usage is low see if you have to spend that much amount .
At the speed the roads condition is improving, sedans will be in fashion again very soon. I own both and I like sedan for its maneuverability and stability over a SUV any time.
@@BoyinthecircleActually I have both a cycle and a car. So I use cycle when the climate is good or I want to go for a joy ride. And it costs crumbles maintaining a cycle. So yeah
@@Boyinthecircle speed and long distance are not really a problem. Cycles can catch pretty good speed too and for long distance u have public transport. However, i don't ride in heat like we have right now
Any suggestion on the insurance premium. Which one to go with - Any private insurance or the one that offered by the dealership? Any helps would be appreciated. Ty!
I earn 3x , but bought a house worth 60L in full cash and happy with it. Now buying my 3rd car worth 15L in full cash. Don't believe in loans , they r traps.
nicely done...at first this channel seemed lame but really good acting amd dialogues..I liked it, you guys cover all the things a common man thinks about
See you make videos on money then you should make a video on marriage expenses,my friend's sister got married they spend around 19 lakhs all loan I thought this to be crazy mad thing to do but he would never agree. And for context he earns 30k
I was just thinking about this. Can you also help us with statistics like how many people are buying cars which cost around 20L with loan.. when I look out , like everyone looks arrived..
One more video in consideration to facts and perceptions is due to sum up all the comments with your personal opinion/advise which means a lot to me.what a nice effort you put in the content and what a variety of comments....give your videos a new out look to connect more people..its an innovative idea..go get do.. dear pioneer..!❤
Yeh Zero1 wale host, papa wali baat krte h ki yeh ni kro woh ni kro. Invest krdo FD krdo, bhai aise toh koi ladki ni milegi agar thoda show off ni kro toh.
Tata punch has 360 litre boot space , Tiago me luggage issue hoga , seat is more wide in Tata punch , Hight is more , comfort is more , only thing would be tiago would be more faster due to less body weight , lower to ground , so if you want to buy for family go for punch , if you don’t care of luggage , then buy tiago
@@nikunjraval3883I purchased punch in sept 2023 , bs6 phase 2 , purchase only bs6 phase 2 product , i purchased base model , and saved from loan and all , you can also buy base punch , go for base model test drive and purchase new cng punch , it has more mileage
My Rules Buy Material Things Only if i have 400% of the Price Example IF i wanted a trash iphone whoch is 2 lakhs per phone i should have atleast 8lakhs cash Other wise i wont but that trash iphone Even if i have 1 crore i aint buying that shit Maybe if i have 10 crores i think of it
👌👌👌 Valid video for a lot of reasons... Jub tak itni akal aa jaati hai, shakl kharab ho jaati hai, adhiktar ogon ka yahee rona hota hai 😛😛 I usually advise younger generation, life is not about a few sprint races, life is mostly about marathons & ultramarthons for years and years. Prize for winning the race is immaterial, satisfaction for completing the marathons while looking forward to the next one is amazing.
I will give one advice after owning a car for 8 years , for most people in India they do not need anything more than second base varient of baleno,i20 ir amaze.. amazing cars with minimum running cost and good resale.
I think the cost of daily commutes with present means can be subtracted while calculating the net cost. Since it is assumed directly that the current daily commute cost is 0.
Car is an inescapable requirement for us now a days. These calculations are pretty decent.., like insurance, maintenance cost, emi etc. Have to plan a car practically, is that suits to our budget or not.. Good information 👌
Can you do a similar video on buying iphones and iPads even though people can't afford it. I'm fed up with my friend who still spent a lot more than he earns, today he got a new job and the first thing he told me is he wants to buy an ipad. I asked why? You already have 3-4 emi and were jobless for almost an year with no savings and you wanna buy an iPad. He just cut the phone... I'm worried he might end up in a bad shape by the time I see him again 😔
If you are getting a good deal , go for it. I bought an esteem 2007 in good condition for 1 lac when I was not having a car after selling my first car after 11 yrs.
I subscribed your channel...❤ the advices we are getting from this channel is simple things everyone knows but never think so some reminder like these advice videos are an eye opener ❤
Prateek is a good guy he started an earlier platform for traders It's good to see a collaboration with nitin Kamath and prateek Hope to see him grow and succeed
You shall have given car alternative like using Ola/Uber/Namma yatri if in Tier 1 or renting the car and compare the cost between owning vs Renting/Uber
Cabs look very cheap when you open your calculator and calculate with total KMs per day x Rs per KM but when you go out into the real world and have to pay 300 for small trips close to house, they become very uneconomical.
@@memesofproduction3 Cabs are cheap when you don't own a car, you shall compare owning which includes Interest/maintenance/insurance/operation cost vs Using cab or public transport... You can observe the Rapido/Uber are cheaper than Yearly Maintenance of owning a car.. Or second hand cars also have option
My post tax income is Rs 3.75 PM, i need to change my car next year. Currently i am driving 2016 duster diesel and it looks outdated and my wife & son think, its high time for me to change a car. Can you suggest which car i should consider? BTW we have a family of 5, a full grown pet and 4 people. Well i have request a write access on excel, please approve if possible Can you also make an excel to suggest, what is an ideal saving amount based on certain salary?
Problem today with cars are very high taxes, sky rocketed fuel charges and costly insurance (with recommended covers) and services. If you are not driving it everyday and less than 1000 km in a month, it would always be a depreciating asset. In short, see car as luxury and not as necessity so hiring them will look much better over owning them.
9:26 Maintenance calculation is too high, insurance is too low. Both balance each other. Bigger maintenance items start after warranty. You can get extend warranty up to 7-8 years. If you don't increase his salary for 7-8 years, he will probably start working for someone who will. AND, the annual cost of ownership does not consider the fact that the car will be sold. Even if it gets sold for 5 lakh, the TCO reduces from 2.9L/yr to 2.4L/yr or 20k/month. 17 lakh disposable income is 1.4lakh per month. 21k/month is 15%. So in fact the car was actually affordable when you mentioned it was not.
Happy wkth two oldies...one brio automatic and a dzire diesel... Both aren't giving any issues... Less maintenance... Will use them along along as i can
Sir how did you arrive at No, total disposable income some 18 lacs and the car owning exp per year came to some 2.9 lacs but how did you arrive at No, what was the formula boss
One question. What if we get a lease from the employer and 0% interest on car from employer. Wouldn’t it be a good investment to reduce the taxable income?
I have mixed thoughts about this calculator. I own a car for the past 1 year and it sure has added a lot of value to the comfort & safety to my life and people around me. I think one should buy a car if they simply qualify this affordability check. Min 10% of on road price in cash, EMI to finish within 7yrs whereas 4yrs is good. Ensure, your EMI doesn't cost you more than 10% of your annual income after tax and other expenses like fuel & maintenance doesn't eat up more than another 10%. You are already at 20% of your net income put into one EXPENSE for one purpose i.e. to commute comfortably at your pace and from your place. The funniest part is I don't qualify myself in the above mentioned criteria of mine. :D
total EMI and expenses (all types of expenses including households) should not cross more than 30-35% of the total in hand salary. that will be better. So a person will still be able to save around 50% if he or she is disciplined!
At 8:27 (in the video) By what logic was annual running cost per year calculated as 39k ??? 🤦♂️😱 Till now I only heard about( monthly running / average of car) * fuel cost * 12
This vedio has good explanation on calculation for buying the car over it's life span. Considering the financial aspects of the person this helps to find the price range of the car.
![I.N "HALLUCINATION" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/n5B5q1Hwt_U/mqdefault.jpg)
Hey everyone,
If you'd like to use our Car Affordability Calculator, you can find the link below. Please make a copy to use it. For detailed instructions, refer to the description above.
docs.google.com/spreadsheets/d/17SM0nY5ChFvyXzDFPXK4fOyaJhDkD7zl53wLd8sAiCU/edit#gid=0
And make sure you subscribe to the channel for more such content!
Hi, can you guys make a video on managing personal finance? I find myself overspending after starting to use UPI. Great job, keep it up!
The calculation is missing the sales after depreciation. Suppose the individual will sell the car after using it for 5 years with a depreciation of 50-60%. Hence, the total cost of owning the Car will be down by 30%. Any comments?
The operational cost assumed just around 500km per month. But I think on an average it will be around 1500-2000 km per month.
What has music got to do with financial planning ?
That background music is highly irritating to say the least.
No one noticed that fuel cost cannot be Rs. 40,000 per year. You a have just multiplied fuel rate with months, not taking into account the consumption of fuel by the vehicle (Mileage). A 10 KMPL SUV will cost you atleast Rs. 40,000 PER MONTH, NOW multiply this 40k into 12. Got it?
Consider GST (48%) + Road Tax (20%) + Income Tax (33%) + Fuel Expense + Maintenance Expenses (Insurance, Service, Wash package, Accident repairs over insurance claim,...).... Decided to keep my 15 year old car for another 5 years 🙂
Prepare to use it for your lifetime coz world is gonna become more expensive to live, eventually..
How did you apply for the registration extension?
The car cost increase is not counted.
Taxes are crazy in India.. and it has become even worse since 2014 ..it will become worse in future!!
MS 800 here 23 year old still run like anything
This drops 4 days after I order my car and after a whole year of research.
As long as you didn't pay, you can reconsider
which car?
If you can afford it . Why not....???😅
Well it all depends on your choice of the car as mentioned in the video
Looking at your username, you seem like a 14 Y/O trying to look cool?!?
Some add ons from my side
1. Fuel cost is considered on the lower side for suv. It will cost atleast 1 lakh per year
2. Insurance cost too is on the lower side
3. Tyre needs to be replaced every 50k km. Replacement cost of 50k every 5 years needs to be added
4. Car detailing costs to be added
5. Car parts replacement cost ( expected after 7 years) needs to be added. And these are damn expensive.
6. Repair cost due to minor damage/ accident.
Now the true.cost of ownership zooms.
I own a car from past 7 years and some one who tracks all the expenses I drive a maruti vitara brezza. I ride about 10k kms Max a year and get around 50k for fuel. Replaced my tires at 80k. Insurance cost is as per the video. I haven't done any detailing nor I have faced a accident. Since it's maruti replacement of car parts won't be much expensive.
True
@@nikhilhalyal1296 brezza is basically a hatchback tho
@@cherianphilip4707 ok boss not gonna argue!
1 lakh is too much you won't spend 1 lakh on fuel. hardly 10 % people do detailing.
Repeat with me, FWD sub 4 meter cars are NOT SUVs, just jacked up hatchbacks !
In India and on Indian roads those are SUV enough.
PS : Thar is also sub 4 meter
The Thar is atleast a RWD or 4x4, so it does qualify to be an SUV unlike others.
@@funnyguy0472Not all versions are 4×4 bro
😂 CrossOver for comfort
@@funnyguy0472Now most selling, nearly 70% Thar are RWD😅
I can't afford a car worth 2.92 lakh a yr after grinding for all my life , but need to pay 2.96 lakh as taxes which also i can't afford 🙂
You brought out the BS of this video properly.
this is exactly where business owners win and individuals (salaried) lose. A business owner can expense this car to their company and get a tax write-off, but an individual would have to pay it as income tax no matter what
@@ashwina.vardhan5831 True, Business can take advantage of depreciation. Leasing through business is still better.
Don't forget, you will also never enjoy the value of the 2.96L tax you paid. Cause even though India is making strides in AeroSpace, Defence and Nifty is at a new high everyday, ultimately the infrastructure and standard of living here for the common man is not moving forward. Which will eventually eat your mental health and in the long term your physical health. So YAY!
Issue is not with the car, issue is with the fuel
ya
Piss should be the fuel
Thank you.
Somebody said it.
Once you buy and start driving.
Every distance is automatically in rupees in your head.
You'll reduce driving unnecessarily and wonder if the purchase was worth it
even bigger are the taxes we pay everywhere: when we buy the car (gst, cess), when we pay for fuel (excise duty), whenever we do servicing, etc 🙃
@Johnwick78ystop with the elitism, this is not blind hate it's criticism(thls is good). You act like a sheep, blindly obeying and doing as "master" says.
When one already paying income Tax and is expected to again pay half the price of fuel as tax then they can complain, this ain't no fucking rocket fuel.
Use your own logic on yourself, if one should not talk about things being expensive then you should just watch the video and stop replying to comment you don't like, just ignore them. It's not like your opinion is that important that people need to hear.
@Johnwick78yyou ain't no baller you are a sheep.
Fortunately you have the choice to change that or keep being a sheep
One thing that I've come to understand over time is knowing your 'Aukaat ' at each and every stage of your life.
And that 20lpa figure which you quoted is made by a select few that too in IT industries..Rest all industries,govt jobs even people in medicine make way less in the early years of their working lives for them to afford a SUV.
Trueee
True max to max 12 lpa in medicine field in early years.
Some places even lower.
@@rishabhbhandari5211 if you work as a JR in Delhi / PSU companies only then you'll make that amount..all other places give you 6lpa and you'll need to work 2shifts to make 12lpa
Even in IT only 5-10 % people make that amount with just 2-5 years experience. For most the growth will be linear.
So all the big suvs on the road driven by youngsters are all having generational wealth
You don’t buy SuV and invest same money with zerodha etc. Then their owners buy expensive yatchs with your money. How does that sound??
Message is "buy a car which you can afford & according to financial status, not the social status".
😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
It sounds wonderfool😅
Investment never made zerodha rich but trading did.
@@mikek7174 exactly..what i wanted to say
This videos really make sense, I am posponing My car purchase from 2 years for the same reason, Once I really need car I will buy it untill then I will use my 2 wheeler.
If public transport works well then you don't need a car
If possible, buy a second hand car for around 1.5 lakhs. The safety and comfort of small can't be provided by 2 wheelers. Even 15 year old MS 800 is ok.
@@rathinamtrainers but the catch is you won't get a good condition second hand car for 1.5 lakhs. . 😢
@@thematchless97 Choosing a second hand car is always a tricky business. Always go for simpler cars such as Naturally aspirated petrol cars. These engines are easier to service/recover (5 k). Replace 4 tyres (25k). Service suspension and AC (20k). Within 2 lakhs, you will land on a usable car.
@@thematchless97 Depends on what you want. If you are willing to settle for an omni or an alto you will get one in 1.5 lakhs
The only difference in me and Abhishek is that I do not have a guru like ‘Abhishek’!
Was missing Abhishek in last few videos.
Badiya aadmi h, we have common interests and financial condition
badiya aadmi ki english nhi aati kya
@@rohitpromise3815 Bhai isko Hinglish kehte h, which is very common in cities. (I did the same here again). Aap kbhi Sheher aao toh batana, will teach you.
😂😂
My father says buy car worth 10% of your liquid assets. Like If you have shares and FDs worth 1cr buy a 10lakh car not more and trust me its really a great advice. I'm a huge BMW fan and my father said when you have 5-6cr worth assets then buy it...chasing that target.
i actually came to this conclusion myself - and i am happy someone else also thinks the same
Aise to kuch le hi nahi payenge
The only thing stopping me from buying SUV is my 'Gareebi' 😅
😂😂😂Nice one,,,,
😂😂😂😂😂
Wow! this guy sounds like my dad. Thank you dad, I saved a lot of money and went with my fit in buying a car.
Buddy 😂😂😂
😂😂😅😊
superb , this is the kind you financial advice currently need . I am in my early 40's it works exactly the way you said . how you plan you 20's 30's really gives the financial independence when you reach 40.s
How much should be the monthly income in order to get a 5 Crore car ?
The sudden craze for sunroof in every kind of vehicle shows how much our people understand the feature and the need for it. They are showing similar understanding in their choice of type of vehicle they want to buy. Happy days for car manufacturers , so easy to extract more money from customers who don't mind to pay for needless features as long as it impresses others !
Over extend that argument....
Clothes also mean nothing....we can wear simple / plain clothes...
Social status/ trying to look cool and all....makes us do funny things
Sunroof is used only for show off your head outside 😂😂😂 nothing else
@@thedeadwalkingguyit is illegal to take your head off sunroof outside the show off gone now
I don't have a sunroof car. But I would want a sunroof not for the sunlight but for the roomier feel. I know I will never open the sunroof for sunlight for sure.
@@VarunTomee-kr6nf exactly
I have a 20 lpa job i use my 110 cc jupiter scooty for office where i save my fuel costs and my traffic time by half an hour and use my baleno on weekends as simple as that i love tata harriers safaris so some times i go to showrooms and test drive and enjoy and leave it there only
Bhai Baleno build quality worst hai
Waah....yeh sahi idea hai. I wanted a bullet and I didn't want a bullet, so I would once in a year rent it for 2-3 days and get over the itch. Great suggestion. I'll go on a test driving spree now.
Baleno doesnt suit 20lpa
@@nayan9672 yes thats the point we r all craving for status
Bro you deserve at least Brezza....After all if you are earning 20 LPA how can you ignore safety ? What's the point of earning money then ?
This is really practical things which is discussed here....
Today SUVs craze but notedown...after 10 years people will buy hatchback due to parking and maintenance issues...
It is already happening to much big cars makes more pollution and take more space
@@VarunTomee-kr6nf that's not how it works. All cars have to go through same emissions regulations. Big cars are good for big family.
@@SWAPNIL._.12.X it works the same way bigger car with big engine produces more emmisons just like truck and bus emmit more emmisons and also more congesting in cities.today we have nuclear families in cities
@@VarunTomee-kr6nf yeah but they are still following regulations of how much maximum emission they are supposed emit . These regulations are gonna be lower by time which is gonna lead to less overall pollution by vehicles at least. Electric buses are taking over so that is fine . For trucks it will take time. Having some extra seating capacity is never issue.
The majority of the cars labelled suv are actually hatchbacks!
The simplest method i use :
If you can afford to buy a car 2 times , then you can buy that 1 car .
It can be a bit over exaggerated , but it works
Tbh it's the same with any purchase. If you're going to buy on EMIs, follow "If you can't pay the 5X that EMI, you can't afford that EMI".
if you can afford to live your life 2 times then you can live your life one time. :D joke!
That's what I always think when I feel to buy an iPhone with all my savings.
Same thought process
This method is best for buying luxury purchases but not for all the things.
The issue is not with the car.. it's about the money you earn.
Can you make a video on "What to expect in 30s & 40s". What do you mean when life actually hits you and what are some of those actual joys that would be there in 30s and 40s for which we should plan
Marriage and having kids
health issues
More financial responsibilities
In the video he has mentioned "joys in 30s & 40s".
All of these are not joys na 😅
Kudos on the affordability part
We own a Tata Nexon Petrol Top Model,
Annualised EMI + Fuel + Service + insurance Cost +misc is 13% of my annual income and 7% of household income
Plus SUV is not always the most comfortable given the higher Centre of Gravity
Nexon in not an SUV. All such cars are just hatchbacks on steriods.
When did Nexon ( a raised hatchback) become a suv ?
@@SiddharthBhadauriaHe didnt claim Nexon as SUV. He was just telling buying SUV will have higher CENTRE OF GRAVITY point from Road surface
nexon is a shitty car by any standards
Thank you Zero1 for clearing what should I do with my money rather than buying a car? A big Thank You and Hug. Love you .
Can you also make a similar video on owing a house in 20's Vs renting + investing some money into mutual funds over a period of 20 years , which eventually gives me the same house which I planned to buy in my 20's
One point to take a note of if you're an employee, is to see if you might need to relocate to some other city or state. Then buying a home in 20s will cost you more as you'll have to pay Rent in the new city, as well as EMI of the house you bought.
Actually thses videos helping me a lot , im 22 and learning a lot through these videos, keep up the great work guys ❤️
Thank you ❤
skip to 7:30
Thanks😅❤
How did you calculate fuel cost? I think you should put modifiable fields there - Avg no of km drive / year, Fuel type CNG Petrol Diesel Electric etc, Car mileage for better results
Ten years back...we were having Ritz, I 10 range cars. Those are affordable. That golden era is no more.
Perfect - I am saying exactly all these for years to my friends. Everyone use to say that I am heavy negative person.
Leave all the financial side, 98% of my friends who where using xuvs are driving it like Maruti 800. Saving the vehicle from all the road pits, looking at the speedometer, not even that going to hill station by synthetic road can cause stress on the engine etc...
It's ok I am no one to comment on all the material things. Including me 99.9% people are living others life.
Alakh Niranjan 🙏
Brilliant script and nice acting as well. Commendable how much effort you put to teach such basic finances. I am slowly getting hooked to your videos. Keep it up.
Nicely curated video. Keep it up. Society is pushing us to buy things which are 'wants' (SUV, iPhone, international trips) and due to affordability via EMIs, we are moving to more materialistic.
Very informative content, my disposable income is around 18 LPA and I own an Alto K10 AGS since 2018, now everyone instigate me including my juniors at work to buy a bigger car. Considering my financial liabilities and city traffic I have a plan to continue with this car for at least next 3 years and then buy again a new car within 7-8 lakhs.
Irony is I can see people are with disposable income of 10 LPA are buying SUVs with a hefty EMI and when I try to make them understand they always tag me as “Kipte” 😂😂
Kipte means what?? 🤔🤔
Very nice. Stick to this until you really feel the need to upgrade. I upgraded from a 12 year old Indica to an XL6 5 years ago only after my family got bigger.
@@World_of_aquatics kipte means what???
Very true. Well explained in a lucid and practical manner. The affordability calculator is really helpful. I own a premium hatch back, 8 years old. Plan to keep it for another 7 years and then i would think about switching to SUV. Car should not be bought impulsively but based on affordability and real need.
What according to you are those "Actual Joys" in your 40s and 50s that you mention ???
Kids i guess
In late 50s, & 60s kids will give you tension
Whether you are going to buy car or not but this conversation has so many details ..and it is super cool 😊
❤️❤️
Meri annual income 60 lac plus hai..and I drive a wagon R. Recently bought a baleno. I'm happy😅
Well done brother ❤
To isme flex karne wali kya baat hai
@@siddharthsharma1950 kya pata..khud samjho
Chilla chilla ke sabko income batade
@@pawarom_0790 galat batayi hai..tu samjha nahi..
@Zero1byZerodha what are your thoughts about company car lease policy?
Sedan is actually pretty good. I didn't know when people began to like big SUV cars like those in America.
जबसे नं 2 का ज्यादा पैसा आने लगा
जबसे नं 2 का ज्यादा पैसा आने लगा
There are no affordable sedans which also have good engine
Yearly maintenance cost of a 20L car can never be 20k normally. Plus the insurance keeps on reducing and one buying a 20L car wont pay just 3L as DP
Actual video starts from here 6:30 😂
Thanks 👍🏻
thanks bhai.. u r angle
lol bro angle or Angel 😂@@sumangupta7676
I went to the Affordability Calc. straight away.
Thanks, saved a lot of time 😂
There is some abstract value to always having a safe commute option, the travels it makes possible and especially for enthusiasts, the joy you get out of driving. Most calculator see car as an appliance which is true for a lot of people. But there are a lots of exceptions in every case
Kushaq in background 🔥 🔥 🔥
It is Kodiaq not Kushaq. Looks amazing in that colour. 🔥
Good one. Now one would think of checking in an unregulated used car market which has exponentially increased.
The fun is used car dealers are quoting atrocious prices too which eventually forces most to just buy a new one for peace of mind.
Yeh desh kabhi sudharegaa nahi..
Loved this topic
I was thinking to upgrade my polo to 3xo which comes around 17 lakhs and this calculation makes lot of sense
why dont you buy mid variant it cost 11 lakhs onroad
not Mahindra bro.
They are horrible to deal with.
You'll feel it more coming from Volkswagen
This is very nice as being in business- we used to calculate on similar way ,
Moreover we need to consider -
1. when the car is to be disposed / shift in ownership . Ideally not more than 6 years according to us.
2. Resale estimate ( be very prudent )
3. Buy new or Second Hand if it’s a Good deal.
4. See your actual usage of the car - KM per year and decide too - if high wiser to go with a low maintenance car brand like Toyota. Etc . And if usage is low see if you have to spend that much amount .
I will prefer a pre-owned car.
At the speed the roads condition is improving, sedans will be in fashion again very soon. I own both and I like sedan for its maneuverability and stability over a SUV any time.
Me too I enjoy the only problem I have is going to village
Let's buy a cycle guys
Better for environment too 👍🏻😄
I actually did buy a cycle after evaluating all the options 😂
@@sharadrai6138 How do you deal with heat & Speed & Long distance?
@@BoyinthecircleActually I have both a cycle and a car. So I use cycle when the climate is good or I want to go for a joy ride. And it costs crumbles maintaining a cycle. So yeah
@@Boyinthecircle speed and long distance are not really a problem. Cycles can catch pretty good speed too and for long distance u have public transport. However, i don't ride in heat like we have right now
Any suggestion on the insurance premium. Which one to go with - Any private insurance or the one that offered by the dealership? Any helps would be appreciated. Ty!
Want same video on buying a house......my salary is 50k and i am planning to buy a house of 1.5 cr 🫣....pleaseeeeeeee make itttttt
If my salary 1.5, do not have dare to by 1cr house 😢
Whats the downpayment amount and can you afford the EMI?
I think the emi itself would be much more than your salary
Just go through financial analysis before you buy that house for 1.5 crore.
From my side, I will not do that.
I earn 3x , but bought a house worth 60L in full cash and happy with it. Now buying my 3rd car worth 15L in full cash. Don't believe in loans , they r traps.
nicely done...at first this channel seemed lame but really good acting amd dialogues..I liked it, you guys cover all the things a common man thinks about
See you make videos on money then you should make a video on marriage expenses,my friend's sister got married they spend around 19 lakhs all loan I thought this to be crazy mad thing to do but he would never agree. And for context he earns 30k
Insane.
How can he afford the emi on 30k a month ?
@@TheGeorgeousprivate lian hoga 24-36% per annumwala PATHANI KARJA
I was just thinking about this. Can you also help us with statistics like how many people are buying cars which cost around 20L with loan.. when I look out , like everyone looks arrived..
Track vehicle sales, less than .1% of total population buy car above 20 L
@0:03. YOLO Abhishek Woohoo !
One more video in consideration to facts and perceptions is due to sum up all the comments with your personal opinion/advise which means a lot to me.what a nice effort you put in the content and what a variety of comments....give your videos a new out look to connect more people..its an innovative idea..go get do.. dear pioneer..!❤
Bhaiyaji I earn 13 lacs per Month post tax 😂 , only have Activa scooty no car 🚗
Following this channel is worth every second
Like de Diya Bhai ne
Just buy second hand car, your all aspirations will be fulfilled
That Skoda Kodiaq looks 🔥. Does it have a Satin Matt pff ?
Yeh Zero1 wale host, papa wali baat krte h ki yeh ni kro woh ni kro. Invest krdo FD krdo, bhai aise toh koi ladki ni milegi agar thoda show off ni kro toh.
Loved the video editing! Kudos to the editor!
Especially at 00:21
It is simple , purchase Tata punch
Bro I am planning to purchase Punch or Tiago (second hand) later this year.. Is it worth buying?? Please share your experience..
Tata punch has 360 litre boot space , Tiago me luggage issue hoga , seat is more wide in Tata punch , Hight is more , comfort is more , only thing would be tiago would be more faster due to less body weight , lower to ground , so if you want to buy for family go for punch , if you don’t care of luggage , then buy tiago
@@nikunjraval3883I purchased punch in sept 2023 , bs6 phase 2 , purchase only bs6 phase 2 product , i purchased base model , and saved from loan and all , you can also buy base punch , go for base model test drive and purchase new cng punch , it has more mileage
What is registration fees at 8:15? isnt that included in on-road price of a car?
No
Yes
My Rules Buy Material Things Only if i have 400% of the Price
Example IF i wanted a trash iphone whoch is 2 lakhs per phone i should have atleast 8lakhs cash Other wise i wont but that trash iphone
Even if i have 1 crore i aint buying that shit
Maybe if i have 10 crores i think of it
cool, raho rent pr aur karo uber/auto, fr jab tk tumhare paas 4x paise honge tab vo item bhi 4x ho chuka hoga
@@lets_see_777 I'm saying 4x Money Then Ok to buy
@@lets_see_777 arey Bhai 🤣
Very useful reality check eye openers. Continue with these excellent videos
👌👌👌 Valid video for a lot of reasons...
Jub tak itni akal aa jaati hai, shakl kharab ho jaati hai, adhiktar ogon ka yahee rona hota hai 😛😛
I usually advise younger generation, life is not about a few sprint races, life is mostly about marathons & ultramarthons for years and years. Prize for winning the race is immaterial, satisfaction for completing the marathons while looking forward to the next one is amazing.
I will give one advice after owning a car for 8 years , for most people in India they do not need anything more than second base varient of baleno,i20 ir amaze.. amazing cars with minimum running cost and good resale.
Please can you create an excel sheet when buying an EV as I'm expecting fuel charges and maintenance to be less.
I think the cost of daily commutes with present means can be subtracted while calculating the net cost. Since it is assumed directly that the current daily commute cost is 0.
I think you meant ex showroom price instead of on road since on road price includes car registration and insurance
Great video. I have an emi free Hyundai nios grand i10 and I am absolutely happy with my small family.
Car is an inescapable requirement for us now a days. These calculations are pretty decent.., like insurance, maintenance cost, emi etc. Have to plan a car practically, is that suits to our budget or not.. Good information 👌
Can you do a similar video on buying iphones and iPads even though people can't afford it.
I'm fed up with my friend who still spent a lot more than he earns, today he got a new job and the first thing he told me is he wants to buy an ipad.
I asked why? You already have 3-4 emi and were jobless for almost an year with no savings and you wanna buy an iPad.
He just cut the phone...
I'm worried he might end up in a bad shape by the time I see him again 😔
He just wanna show off in front of all. 😢 Some people only will be changed through their own personal experience.
Can you suggest that going for a second hand car is a good decision and if yes can you also share some formula like this to evaluate that ?
If you are getting a good deal , go for it. I bought an esteem 2007 in good condition for 1 lac when I was not having a car after selling my first car after 11 yrs.
Excellent guys... Was in a pressure both inside and outside to buy an SUV atleast a compact one...
Now I clear...😂
I subscribed your channel...❤ the advices we are getting from this channel is simple things everyone knows but never think so some reminder like these advice videos are an eye opener ❤
Prateek is a good guy he started an earlier platform for traders
It's good to see a collaboration with nitin Kamath and prateek
Hope to see him grow and succeed
You shall have given car alternative like using Ola/Uber/Namma yatri if in Tier 1 or renting the car and compare the cost between owning vs Renting/Uber
Cabs look very cheap when you open your calculator and calculate with total KMs per day x Rs per KM but when you go out into the real world and have to pay 300 for small trips close to house, they become very uneconomical.
@@memesofproduction3 Cabs are cheap when you don't own a car, you shall compare owning which includes Interest/maintenance/insurance/operation cost vs Using cab or public transport... You can observe the Rapido/Uber are cheaper than Yearly Maintenance of owning a car.. Or second hand cars also have option
My post tax income is Rs 3.75 PM, i need to change my car next year. Currently i am driving 2016 duster diesel and it looks outdated and my wife & son think, its high time for me to change a car.
Can you suggest which car i should consider?
BTW we have a family of 5, a full grown pet and 4 people.
Well i have request a write access on excel, please approve if possible
Can you also make an excel to suggest, what is an ideal saving amount based on certain salary?
Beautifully done! That was fun to watch. Funny screenplay and amazing animation too.
Good insight. Thank you for this well done video.
Awesome video bro... No one listens to me when I say this.. Its just awesome .. Im amazed looking at The calculations in my mind , on your video
Problem today with cars are very high taxes, sky rocketed fuel charges and costly insurance (with recommended covers) and services. If you are not driving it everyday and less than 1000 km in a month, it would always be a depreciating asset. In short, see car as luxury and not as necessity so hiring them will look much better over owning them.
Can you guys do one for used car paid off with just fuel cost wear and tear , services and insurance.
9:26 Maintenance calculation is too high, insurance is too low. Both balance each other. Bigger maintenance items start after warranty. You can get extend warranty up to 7-8 years. If you don't increase his salary for 7-8 years, he will probably start working for someone who will.
AND, the annual cost of ownership does not consider the fact that the car will be sold. Even if it gets sold for 5 lakh, the TCO reduces from 2.9L/yr to 2.4L/yr or 20k/month. 17 lakh disposable income is 1.4lakh per month. 21k/month is 15%. So in fact the car was actually affordable when you mentioned it was not.
Bruhh the scripting done here is fireeee!!!!🔥🔥
Happy wkth two oldies...one brio automatic and a dzire diesel... Both aren't giving any issues... Less maintenance... Will use them along along as i can
Is it recommended for corporate employees to buy a car on lease?
How would it be if company gave us a car, takes care of its maintenance and fuel expenses.
It even may be a small car like Tiago
Everyone needs a car nowadays, and we live around 60 years. So, buy an affordable car and enjoy it with your family and friends. Don't think too much.
My company offers me car leasing. Do you have a calculator for that
There are some needed features in cars which are unfortunately offered in upper variants, which often come with useless ones like sunroof...
what about buying a preowned car?
Sir how did you arrive at No, total disposable income some 18 lacs and the car owning exp per year came to some 2.9 lacs but how did you arrive at No, what was the formula boss
Green colour car is skoda?
One question. What if we get a lease from the employer and 0% interest on car from employer. Wouldn’t it be a good investment to reduce the taxable income?
I have mixed thoughts about this calculator. I own a car for the past 1 year and it sure has added a lot of value to the comfort & safety to my life and people around me. I think one should buy a car if they simply qualify this affordability check. Min 10% of on road price in cash, EMI to finish within 7yrs whereas 4yrs is good. Ensure, your EMI doesn't cost you more than 10% of your annual income after tax and other expenses like fuel & maintenance doesn't eat up more than another 10%. You are already at 20% of your net income put into one EXPENSE for one purpose i.e. to commute comfortably at your pace and from your place. The funniest part is I don't qualify myself in the above mentioned criteria of mine. :D
total EMI and expenses (all types of expenses including households) should not cross more than 30-35% of the total in hand salary. that will be better.
So a person will still be able to save around 50% if he or she is disciplined!
At 8:27 (in the video) By what logic was annual running cost per year calculated as 39k ??? 🤦♂️😱
Till now I only heard about( monthly running / average of car) * fuel cost * 12
Why do you have an Apple Watch Ultra when a Fire Boult essentially does the same thing?
This vedio has good explanation on calculation for buying the car over it's life span. Considering the financial aspects of the person this helps to find the price range of the car.