Why INDIANs with Low-End Wallets are buying High-End Cars?

[@greyvilgaxmatter]

deleting Instagram would be the best financial decision for the Indian youth imo

[@pinkushakya027]

I deleted 😅

[@awarapan1141]

Great bro

[@ageless1003]

Left Insta, Twitter (x), Facebook since 2019. Just left, never looked back.

[@bot2955]

Exactly.. . Just deleting social media in general

[@vanshrana321]

Mujhe kre hue 1 month ho gya mujhe ab Honda city zada achi lg rhi h fortuner ke samne

[@mesafar]

Using TATA NANO since 2015.. i feel bad for those people who tagged this car with social status.. I can travel anywhere with my Nano with 5 people sitting in it , plus average of 25 & in AC without worrying of rain,cold or heat.. proud of my tata nano..

[@ubiquitous866]

It's unfortunate what happened with Nano

[@tomgirl366]

But light material and low safety . one collision with suv than you are gone.

[@anujartt]

​​​@@tomgirl366In a country where majority of population goes tripsy on a damn 2 wheeler, a nano is anyday way safer than that. And we can't talk about build quality where most of us don't even wear seat belts properly and where people boast about 5 stars ncap but don't have a life insurance. Perhaps we collectively drive more sensibility rather than call anything a tin can or a tank?

[@tomgirl366]

@@anujartt depends on budget I will never buy Nano if I have budget of 8 lakhs. Nano may save much of my money if I only go to office comes back homes with short city distance n repeats everyday or u have no option for tight budget. I travel far a lot on different road condition and compact suv is only option also nowdays base models are giving airbags crash detection etc with global ncap 5 star 4 star etc. So why not to take advantage by spending few lakhs more. Because car is car and bikes are bikes they are two wheeler but if u buy a car nowdays make sure they poor built quality can rise ur medical bill equals to bmw car even with insurance the car can make you forever disable.

[@anujartt]

@@tomgirl366 My point is that build quality isn't the only factor in making a purchase decision, rather its just one of the ways to be safe out there. Bcz even a 5 star rated car can turn out fatal due to another idiot driving rash. So let's just be a responsible driver whether driving a 1 star or a 5 star rated car. Only then will the safety rating make more sense.

[@theridgelinestories]

Unfortunately in India we have a Status Driven or a Status show off culture. Especially in the metro and tier 2 cities. And this affects personal finances and also mental health which many may not even realise.

[@em_india]

Sahi jaa raha hai jamana. Ghar kharidne ki jagha rent pe raho, Badi gaadi kharido paise stock market me lagao. kuch time baad youth ki saving zero hua karegi just like USA.

[@shubhamrane7020]

Ghar ka price jab property mafia inflate kare to desh to aisa hi hoga.

[@jeevanjyotiparida]

Stock market kya kharab hai bhai ?

[@actionjaction7495]

Shi bola bhai

[@adityashukla7849]

Ghar actual me khareed pana aapke control me nahi hai. That is controlled by "bhu-mafias". But true thing.

[@em_india]

@@jeevanjyotiparida kuch kharab nahi hai agar stock market ki samajh ho, jo 99.5% logo me nahi hoti.

[@theap1607]

Thank god finally someone took this issue as a serious one 🙌 Edit: damn I never thought my comment would get so much likes.😳

[@shivamkumarverma5054]

Sahi kaha 👍

[@VickySamuels92]

U mean fake artificially inflated real estate prices ???

[@Justonelife47]

Agree

[@PixelJourney29]

I also agreed but out of 100 per 25 per don't buy for showoff

[@sheetanshurawat]

But trust me, lene walle showbazi walli car hi lenge 😂

[@anirbanmondal94]

3 years back, While buying my hatchback it was very difficult for us not to choose a bigger suv shaped crossover with sunroof... And thank God, it was one of the best decision.. I get better fuel efficiency, much lesser EMI, shorter loan duration...and my Ford freestyle fulfills my everyday need..

[@Anonymous589x]

I also bought Ford freestyle a month after Ford closed its sales in India. Titanium Petrol cost me on road 7.07 lacs, and it fulfils all my needs. Financial and car knowledge is necessary to make great decisions.

[@manojrajkhowa5872]

I too am a proud owner of Ford Freestyle Diesel ... what an engine frugal yet powerful

[@msdadsfsx]

Why difficult to buy hatchback?

[@danka1815]

Same pinch , now I got it cng , mileage of 25 kmpkg

[@divyanshameta9516]

Me father once said that, every individual should buy a used car before going for new one to understand economics and maintenance of having car in family, this strategy simplify everything about owning a car to us also, after that you can save money or invest for you future goals and maybe for your dream car

[@sayanghosh3544]

Check the price of used car nowadays. second hand car market has highly inflated price tag after corona.

[@raunaksingh2043]

​@@sayanghosh3544You are very much right. After comparing you will find that the difference is not a huge amount. The interest rates on second hand cars makes all the difference.

[@shock-t3768]

wise words.

[@chrome-ph7js]

or just start with alto.

[@divyanshameta9516]

@@chrome-ph7js yupp our family started with mahindra marshal 1998 model, still we have this beautiful machine after buying another 2 cars, also we are 4th owner of this car.

[@sindaksindak167]

My father is in decent govt employee and getting almost retired. Our monthly income is approximately 1.2 lakhs. Im happy to say that my father didn't intrested on car's and all.. instead of buying car, my father bought a decent second hand scooty only about Rs 32k for families work,and saved money bought land, build a house renting others and he's saving money for our future.. love you mom & Dad..❤❤❤

[@prashanthgm7097]

Our parents are much smarter than we think.

[@t-t8961]

Downside is for securing kids future our fathers curbed their dreams. Hence it's better to enjoy as we only have one life.

[@adityabhatt6746]

What smarter? Neither is your father going to take land or car when he dies. At least if he had brought a nice vehicle then at least he would have enjoyed his retirement. Why does our parents have to sacrifice their retirement savings so that their children can do everything with their money what they couldn’t do. At his age two wheeler is much more dangerous than a four wheeler I’m not sure if you understand it.

[@arpanmahapatra342]

​@@adityabhatt6746 and why are you so triggered by someone else's financial decisions?

[@adityabhatt6746]

@@arpanmahapatra342 beacuse I don’t want someone to like and get influenced by such absurd comment and engage with their parents in an argument with entitlement that hey look every parent in this world is making sacrifices for their children’s better future than why isn’t my parents doing so.

[@ninadganore]

Saving Indian Youth from immature decisions. Great job bro.

[@heresomewhere7600]

one of the biggest reason nano failed was this cheap car image as people normally resonate car with wealth

[@sunilkumar-iq2oq]

Indian youth are not fools, they do proper research and buy. Spending money isn't a problem at all even if they take it on loans as most of them take it due to cheaper interest rates and get a bigger benefit. If you don't buy cars as we grow then what will happen to automobile industry? What will happen to all those employees who work in production lines? Insurance guys? Marketing guys? Road Taxes? Allied industries? This will only help economy. Spend more and keep up the economy.

[@harsh.rana846]

​@@sunilkumar-iq2oqif you buy car which you can't afford. What will happen to you?

[@token3462]

@@sunilkumar-iq2oqAbbey Dhakkan dhyan se dekh video ko firse! Issey Debt Trap kehte hain joh tujh jese hutiyon ko phasane ke liye banks aur automobile sector waale bichaate hain!

[@anirudhmitra4232]

@@sunilkumar-iq2oq Indian youth are fools , otherwise this video wouldn't get made .

[@patmclaughlin107]

I moved to the US 10 years ago. Back then, most Indians had hatchbacks like Alto, i10 and Swift. If you had a sedan rather than a hatchback, you were considered rich. Now, when I see the cars my folks are driving back in India, it's amazing. There doesn't seem to be much hesitation to spend 20 lakhs for a car.

[@pradyumn2453]

Exactly 💯 These days

[@shubhamrane7020]

For 20 lakhs you get shitty cars today with engine size and power as low as 8-10 lakh sedans back then.

[@zeesworld3371]

Yap so true.. I moved 20 years ago n I go to india every year the amount of car n load is mind blowing

[@vickyyadav5723]

U live in US so think about US folks kiya kar raha back here karna do

[@akashbabu867]

Tu usa main reh wapis aana bhi mat....india ka zayada mat sooch woh Indians k liye rehne de

[@ajaydixitcarbon]

I think you raised it quite aptly, and makes complete sense. I purchased a used 2018 Ecosport NA Petrol Automatic last year, because my driving is very less. I hardly drive 1000-1500 kms a month. Considering that, I don't feel like I was cheated by the car companies. The car drives perfect, looks good, and doesn't feel a bad purchase at

[@SairamBullet350]

My friends teased me when I purchased Bolero Neo, I wanted high sitting as I have back problem and a seven seater within budget. So I went with Bolero Neo and I have no regrets. It is very practical family car, unfortunately very underrated.

[@jethalal_gada6]

Nice choice. It's a rugged, practical and original SUV with RWD and MLD.

[@user-dp48ry5]

I can bet my last nickel that people questioing your choice must be korean fanboys. They're the most vocal and irritating group. I don't know what they think of themselves. You won't find a German British American Japanese or even Italian supercar owner roaming the net and dishing out advice on buying what he bought. But these korean fanboys? They're online 24/7 singing praises of their unsafe crappy cars.

[@janaizeme6937]

This car is ok but very stiff if driven over bad roads.

[@Anoymous464]

It's TUV300 😂😂

[@janaizeme6937]

@@Anoymous464 yes.

[@KiranKumarAshok]

Wow, exactly my thoughts , there are record bookings for SUVs in India with waiting period going up till years ! i am in IT industries for about 15 years and my first and only car is a 10 year old preowned Hyundai, because that's what i can manage

[@Deepak_Dhakad]

I have Baleno 😅

[@GauravYadav-9166]

I have second hand ecosport

[@Akshay-pc3yc]

bought my first car, an alto k10 from 2011

[@logan4441]

Sir can you please tell me what is your net worth now???

[@CollectorFreak]

Glad that I have Rolls Royce. I don't drive it normally but I use it as a show piece on the shelf. Like how it's die cast and small and compact. Zero maintenance and no fuel or service required, only dust is the problem but it's easier to clean it often.

[@tusharnawge9216]

I saw this video after buying a car recently but I can easily relate to this as I had all these things in my mind. Instead of going for SUVs I opted for Grand i10 nios which is as per my budget and keeping my needs in mind. I am enjoying it thoroughly. Thanks for making this video.

[@herambpatkar]

One big issue is regulation..most companies provide all the safety features like 6airbags only in the top end variants...family users who care about safety are basically forced to go for top end variants!

[@himanshutripathi7441]

this is the most important reason.

[@WillowRook]

And even then they don't work. My father was involved in accidents on his Hyundai creta twice. It was high end model with airbags. The airbags didn't open in both cases.

[@ninadganore]

Good point. But we should keep in mind that the chassis structure of the car makes a bigger difference in safety, more than airbags.

[@GymBro9812]

People buying Top model for safety - 0 People buying top model for Moonroof - 1

[@MT_PistonHead03]

​@@WillowRookmaybe he didn't wore the seatbelt..

[@naveendeevi7992]

Thank god.. finally a major KZbinr addressed this madness ..!! Debt for a liability is a major wealth killer.

[@shanusharma4149]

I ear 4 lakh a month, Still bought altroz on loan, paid 80% cash and 20 % EMI,cause want to increase my Cibil score Never took loan before I am happy satisfied with car and status

[@RajukumarRK6]

Bahut se log one time payment kar sakte hai phir bhi car loan par hi lete hai kyuki income sarkar ke nazar me na aaye.😂

[@musicmysteryshorts4405]

Government employees mosty aisa karte hai kyuki sabse pehle nazar me wahi aate hai

[@_Anurag_Thakur_]

😂

[@sportstours24]

Can get better returns elsewhere. So I prefer EMIs

[@aakasharya6918]

Bhai to unlog pura Paisa cash me rakhte hai . Chahe to desakte hai waise bhi one time ek saath cash . Car kharidne time cash bhi use hota hai . 10 lakh se 20 lakh me kisika account Nazar me nhi aata

[@appster445]

You perfectly decoded the 'Consumer Mindset'. Gen-Z should understand difference between wants and needs. It's high time Wealth management should be taught in schools.

[@SurajSinghTomarArya]

Wants are only coming as they are being born in a comfort zone that wasn't available to past generation. As long as the loans are being paid, the country is on a good path. He didnt mention that in the richest country USA 84% of new are being financed.

[@kryptoknight992]

These are not genz. These are dumb millennials in their 30s and 40s.

[@dreamadventure8220]

It's actually the millennials who is responsible for trend. Gen Zs owns only meagre share right now.

[@sunilkumardash4905]

The oldest gen z is 26 the fuck they are buying

[@extremeoasis6617]

He said only 7.4 crore indian taxes.he needs basic economics😂.

[@INSTAFLIXMEDIA]

Now I am 41 and one thing I've learned and followed since my childhood - If you can't buy something with cash, you really can't afford it.

[@kaay358]

Is logic se to aadmi ghar khareed hi nahi sakta 🤦🏻

[@param5396]

@@kaay358 i think voh logic sirf voh cheejo pe lagta hai jinka price ghat-ta hai , naaki appreciate hone waali cheejo pe

[@Ameen_Sha]

​@@kaay358We can build house. Buy land . Then , put foundation after sometime...

[@Bhatakti_Hawas]

@@kaay358 Ghar necessity hai. Gari nahi

[@bucolicpathankotiya]

So no Home Loan 😮

[@mohitdhanwani6431]

In India cars are getting expensive because of compounding effect of high taxes. I bought Nexon in 2021 for 11 lakh and out of this 4 lakh was Taxes/RTO. When i checked on road price of an upper model which was 50k higher but on road price was 1.2 lakh higher due to increased taxes

[@ageless1003]

Yes. For fortuner, people pay 50% of taxes.

[@avvv1641]

Chaprio ki 2 wheeler = ktm Chaprio ki 4 wheeler = thar 😂😂

[@irammadalbijay]

Ekdm

[@Gokul-up3xv]

Sahi baat

[@Aurora-bv1ys]

Not unless Army personnel is driving a Thar.

[@deependrasinghchauhan2215]

@@Aurora-bv1ysrarely any army officer buys it lol

[@agastyazz6522]

Keep your chapri opinion with yourself

[@musicsavesmysoulthedjsaves5010]

Thank god you finally addressed these issues. It shocks and concerns me with the fact that only 2.25 cr people are actually funding the whole services for the rest of the population. There are another issue of Bad loans and NPA'S that our banks face when we unnecessarily take up huge loans and don't repay.

[@mohammadikram687]

Bro club this bad loans and soon to be NPAs with the Fractional Reserve Banking and then you have a by-product "the bubble"😢

[@mohammadikram687]

Banks very well know when they are giving bad loans its just they don't even care. Best case you can study the HOUSING CRISIS happened in Ū*S*@ and now we have something of that kind only unfolding in Canada where the loan period is surpassing 60-70years, just to save the economy from bubble burst.

[@NjK8]

Indirect tax🙂

[@callingbell-ix5se]

Thats income tax bro, most of tax come from GST and other indirect taxes

[@DuskyRisky]

It's biggest lie bpl card holders with 2 acre land etc have 10 lakh income per year without tax. Even salary class show untrue income invade tax etc but our tax base 1.4 billion people gst anti bankrupt policy 😂 Bad loans are being correctly dealt

[@jitkumar5088]

Pehli hi ak correction...only formal sectors earning above 5 lakhs pay tax..but in the informal sector there is 40-50 percent people earning above 5 lakhs but they never pay taxes.

[@deepak316c]

Farmers and Unorganised sectors don’t pay taxes and they also take big cars

[@Ravindra_choudhary1234]

Don't take the power of farmers lightly, only one farmer can buy your family four times. 🗿😎😎

[@mallikarjunhiremath525]

@@Ravindra_choudhary1234 he said the same thing

[@shubhamrane7020]

@@Ravindra_choudhary1234 they can buy my family 10 times as my family gets poor by paying taxes.

[@akashtopder7251]

​@@Ravindra_choudhary1234Still they don't pay taxes. This is the problem. Businessmen and unorganized sector people pay little to no taxes. If they start to pay enough taxes then India will not have any debt to world bank.

[@Edward4Plantagenet]

​@@Ravindra_choudhary1234, Talk after paying Income Tax. My friend's family earn some 60-70 lakh per annum yet pay #Zero Tax. Farmers get most subsidy yet producing only rice & wheat.

[@Keshavmishra79]

Eye opening analysis Sure this one would change the perspective of we Indians

[@Kc_Bonfireheart]

I have driven mutliple cars but my fav car in handling mileage and maintainance was skoda rapid, breaking system was outstanding, trunk was huge and I loved it driving around.

[@harshtripathi1379]

You never disappoint.❤❤ This was the very reason that we decided not to have car. We are in Delhi, paying Home loan EMI around 25k, out of my 85k salary, and my Avenger 220 cruise with 44-48 kmpl score, metro, ola are fulfilling the needs. These days even Volvo, Scania buses from Govt. Operators like UP roadways, Uttarakhnd roadways, HPSRTC, Rajasthan Roadways, Punjab roadways are exceptionally comfortable, superfast and on-time. Expressways and Highways are producing so much competition for Railways, and even Railways are launching trains like Vande Bharat...so overall, we are happy without car.

[@Srrawat9988]

Ya and people need to understand this that developing nations need people to travel through public services it is not compulsory but govt will handle the level of increasing demand of fuel I also use activa for city and buses and trains for interstate travel and now public services are far more better then old public services everything is easy to use and digitalized

[@satyamtripathi1015]

But you can have a second hand car in 3-4lac just for emergency as we have seen in covid condition.

[@harshtripathi1379]

@@satyamtripathi1015 yes sir, but here in Delhi, there are tricky terms and conditions w.r.t. second hand cars. So we are avoiding it as of now.

[@vinayakzanjad8824]

Buying car means having tension of parking it's better to rent a car on app like zoom car.

[@harshtripathi1379]

@@vinayakzanjad8824 I have seen almost every morning and evening some quarrelsome situation in my locality over parking issues. In high-rise apartments too, there have been numbers of incidents of complaining about wrong parking.

[@pranjalsinghrawat4219]

Second hand option is good. You just need to do your thorough checks. Its a bit difficult but pays in dividends.

[@vishalxingh]

My father has been buying second hand cars all his life. I used to be annoyed but I understand him more now

[@SushmaVivek-xq4nv]

Actually this is best thing to do... My boss always buys second hand cars and he recently bought 4 year old elantra

[@lukemenezesdasilva3450]

It’s sad to see how we put our social appearance over things as important as financial stability. Loans are handed out very easily to people who won’t be able to pay them and are stuck for life. Car companies and credit companies don’t care about us guys, they only care about is making money and they prey off hardworking people trying to fulfil their dreams. I really hope society changes and moves away from judgement based on these tangible items. Brilliant video, hope this spreads awareness.

[@anupmanohar3762]

Very relevant content ❤❤❤In Kerala where 75% homes having at least one member working in foreign countries have a culture to buy new model cars on finance which they drive rarely. Without using the depreciating asset they losses a lion share of their income paying emi 😄

[@trilokyamohanchakra6351]

😂😂 what else can you expect from kerala, a state that has state govt run lottery😂, also soon they'll have atleast 1 member of family working for isis

[@nagpal8030]

​@@trilokyamohanchakra6351much better than gau moot drinkers tbh😂

[@619ry7]

​@@trilokyamohanchakra6351man unreal hate

[@trilokyamohanchakra6351]

@@619ry7 truth

[@naveenjose7710]

​@@trilokyamohanchakra6351Governments only profitable income from Lottery and Liquor.........Sadly there are no brothels run by government.

[@VijayKumar-vo5rj]

People are travelling by road these days. They are not taking risk by travelling in trains. So car has become more like necessity. As roads in cities are bad more SUV sales

[@mitetparon8695]

Hello 👋 Sir Great content 🎯 Here in our state (Arunachal Pradesh) every individual's first preference is GROUND CLEARANCE 🚐... That's the reason people buy Big cars... even if the budgets are out of BUDGET 💸💰💸 Salute from the mountains ⛰️ of Arunachal Pradesh. Keep all the great content coming 🤍

[@RP_Ruijard]

That is actually a valid reason. In India, especially the north, I found that many places that are not central locations have somewhat inferior roads compared to metropolitan locations. In such cases, taking a car with a high ground clearance even if it costs more than a regular car makes sense since it plays into the safety aspect of the passengers. Less vibration and shocks received by the passengers = no health complications such as spine problems or neck problems.

[@loseweightusingketo]

But that's a completely valid and practical reason to opt for big SUVs. Unlike the people mentioned in the video. And couple that with often bad roads.. so any smaller car wouldn't last as long.

[@jd9542]

I've just bought honda amaze 2023 as it gives amazing mileage on highways and has very very low maintenance with all necessary features.. I can afford skoda kushaq as well but I realized it's automatic varient will go beyond and also since it's a german car, the maintenance is also much higher

[@georgecarlinn6288]

logical decision, for city use

[@jd9542]

@@bluejar5614 I'm driving my amaze from pune to Rajkot about 1000kms and it's very comfortable.. automatic plays really well because I spend 2-3 hours in continuous traffic and especially in khandala ghat where traffic is too much on heavy slop.. CVT is not complex in automatic.. also, it gives 18-20kmpl for entire journey

[@SharatS]

​@@bluejar5614Driving in places like Delhi and Mumbai in stop and go traffic for hours in a manual transmission car is torture, atleast for me.

[@IbbiAhmed]

@@bluejar5614 not fully true. CVTs are not complex at all, and not very expensive either. It's the same transmission used in your good ol' Activa. But yes, DCTs like the one used by the Koreans are definitely not meant for the usual driving and traffic and usual Indian conditions. avoid it unless u really need it!

[@SurajSinghTomarArya]

@@bluejar5614 Automatic isnt a obsession, its a necessity. Try driving in Bangalore or Delhi during peak hrs and you will know. Secondly manuals are getting phased out globally as automatics have improved a lot. Honda CVT reliability is well known.

[@harekrishna165]

The mantra for Buying a Car should be - "The Cost of the Car that we Buy should not be more than 50% our annual Income".... For Eg - If Someone's Annual income is 12 Lacs, it shall spend Maximum 6 Lacs on its Car.... With this math, there will be no Financial Burden on the Buyer.... I personally follow this principle, my Annual Income is around 20 Lacs and my Car price is 9.7 Lacs ....

[@brucebane5396]

Well if this trend continues further for few years it's better to buy shares of bajaj finance ,M&M & Tata motors

[@gurdeepsingh2837]

Nice insight. I agree with you on sunroof and auto adjust seats. But wireless is no more a gimmick for me. It does have real utility IMO. Quite handy when you do not want to deal with charging cables.

[@debasisghadai3633]

That and 360 camera.

[@vishvrajzala8017]

​@@bluejar5614it's just for emergency usage when you forgot to do charge or on a long trip but powerbank is solution too

[@akshayrajaram123]

Also wireless chargers are damn slow and bakes the battery ..

[@gurdeepsingh2837]

@@bluejar5614 I think it’s the charging coil that heats up & not the battery itself. I charge my iPhone & iWatch through a wireless charging cradle on a daily basis & having absolutely no issues with the same.

[@imnoob7347]

I think the most logical reason for buying an SUV in India would be due to rain. The sewers are most of the time blocked by garbage which causes waterlogging during the rainy season, which is a problem for sedans etc. but not for SUV's.

[@pratikpatil4]

One of the reasons is also that people think that ‘jitni badi gaadi utni safe rahegi’.

[@arghyaprotimhalder5592]

True in some scenarios but the quality control test in India not a single can score 3/5 more So not safe but still better than altos or small cars

[@ishanbarai4334]

Hahahahah wah re badi gaadi safe rahegi 😂 vw virtus polo sab gaadi to pagal logo k liye bani hai😂😂😂😂

[@SChakraborty-kq8yx]

​@@arghyaprotimhalder5592actually monocoque small cars are safer than big body on frame suv. That's why brands like jlr, tata, vw have started using monocoque frame for their suv too. For your extra knowledge pajero was the only suv that was designed on monocoque frame but with a ladder frame chasis design. It's only to make the vehicle safer.

[@ApnaTimeAayegaLol]

I can afford only Alto .. But Aaj kl Alto wale ko dekh ke log bolte hai ye ki ye gareeb hai

[@Biturbomedia]

nope, i Respect lord Alto, because its an ultimate amphibious vehicle

[@farahead157]

Alto k10 is really a nice car bro.

[@KakashiHat4ke]

​@@BiturbomediaAlto aaj ke date mai 4-5 lakh ki aati hai, itne mai 2nd hand mai ek se ek gadiya aa jayengi. Aur agar 2nd nahi leni toh on road 7 lakhs mai Tiago aur i10 nios ke 2nd base varient aa jate hai. Toh 5 lakh cash aur 2 lakh loan sahi hai instead of 90% loan

[@premprabhakar805]

Bhai acha mechanic dudh le aur usko kuch paise deke janch parakh ke 2nd hand lele

[@jhp-mu8jf]

Alto is the best car for indians

[@anmolveer9871]

Totally agree with last point. I bought used city 4th gen for 5.6lakhs 3 years back and still I have offers of 5.5-5.7 lakhs. But don’t want to sell this value for money gem ❤

[@cretios05]

Dude this is a foolish decision , most cars are generally a depreciating asset but if u are able to make a bit of profit then it's really worth it , u can surely sell the car If u are able to make even that much profit😊

[@Zeunknown1234]

Idyot​@@cretios05

[@inv_grade_barman]

During Covid, most of the vehicles that were taken over by the banks were commercial Ola/Uber ones. That is my understanding based on having multiple discussions with Cab owners/drivers.

[@GauravDhage]

You are becoming encyclopaedia of Indian auto sphere! Keep it up.

[@SarcasticAssertive]

Instead of buying car 5 years back, my current mutual funds portfolio is worth 40 lakhs and have travelled to 15 countries already 😎

[@IbrahimShahKhan]

Good message in the end of the video. Thanks for highlighting this issue. Hope this saves people from falling into a deep debt trap.

[@kannnnak]

Bro motivated me that much I was going to finance G-wagon but now I'm happy with my Atlas Goldstar

[@Gunaavi333]

I am happy with my crocs

[@fuji3164]

Who asked?

[@dxgxntx]

My dad bought the base variant of a brand new hatchback back in 2014 (it only had AC as a feature from factory) at a price lower than half of what a new-most basic car sells for in today’s times. I still drive it till date and will continue to do so until I squeeze every inch and drop of the car and its not road legal anymore. It’s sad to see people changing cars every 5-6 years just to stay with the trend. Someone said it true, “If it aint’t broke, don’t fix it.”

[@shalinmodi6748]

We both share same choice brother.....Polo was mine favorite too....I was eagerly waiting for Golf in India but that didn't happen unfortunately......

[@gauravkapoor6331]

Bang on, you have done a fantastic analysis of how people specially youth is tilted for buying a depreciative asset for which they are paying interest also. This easiness of taking loan is also an alarming signal for banks as their NPA ratio on loan will also increase if emi is equal/more than the income. Really admire your research, at least some is doing something for society.

[@fujiwaratakumi1677]

6:34 water getting inside the cabin through the door is due to the damaged rubber sealant . It happens when the car is exposed to a lot of heat outside. It is not a magnite only thing. For instance when i used to park my 10 year alto in the sun outside open i also faced the same issue.

[@talezntravelz]

Covered a good topic & great stats.....👍 Road rage is also one factor, bigger car bigger the hold. Hatchbacks ko to Auto waale bhi kuch nahi samajhte.

[@vashishthparmar7483]

I completely agree with you sir. My father know this theory of Melting ice. He earns 2 lakh/month, my mother also earns the same amount coz both of them are 1st grade. I earn 1.25 lakh/month.. when we were buying our 1st car at that time my family income was arround 3 lakh/month and we could have afford a Harrier/safari or even 2 cars at the same time. But my father decided the budget of 15 lakhs only and we bought a practical nexon xz plus HS model and Im quiet happy with my father's decision😊

[@alok1985]

In my office 70000 earning people taking Nexon to office

[@tanishqc.k.319]

Bhai this is the most genuine channel! Keep this up and don't change man

[@kunal_meenaa]

Totally agree with you. You should only buy vehicle which you can afford and fulfil your need. Don't buy a status symbol just for sake of approval. Back then i badly wanted an Octavia TSI but my budget was only 20L max. Seeing my desperation my Dad pushed the budget till 25L but the Octavia was still 4L over this budget. My dad would have agreed to it as well but i Reconsidered it all. Ended up with a top end XUV500 in 19L and kept the remaining 6L in my account and it actually came out to be a wise decision. XUV fulfilled all my unplanned needs which Octavia wouldn't've till date.

[@tahirshaikh6024]

I liked how you mentioned buying used car that's literally the best thing you should do if you want a car that you can't afford buying new . We did buy a used Q7 and am happy with it . Cause I can literally get 70% of my money back even after using it for 3 years straight.

[@raghavsridhar]

Cost bata do yaar kitna laga aapko?

[@tahirshaikh6024]

@@raghavsridhar we bought 2019 model for 57.30

[@SurajSinghTomarArya]

Used car option is good for essential needs car but not luxury as you arent rich but want to look rich which is what this video was warning about. At that expensive price point you are in the .01% of the creamy layer Indians and spend big money only to drive a used car that someone else is throwing makes no sense but simply to supress the bug in our brains that was created by the marketing team of brand. You will still be riding in the speed limits and you will still face the traffic just like everyone else. After a certain price point the features are only gimmicks, the video was even making fun of features in car over 15 lakhs as they are of much use.

[@fujiwaratakumi1677]

6:27 the magnite is a vfm car. And also the steering response is like fine but not out of the world best.

[@raptor9888]

Tax collection is less does not mean people are poor most of people evade tax altogether and are filthy rich and their number is huge. Informal economy is huge in India

[@rivubose1182]

One thing probably you missed on why people buy SUVs is the condition of Indian Roads in general. SUVs offer significantly better ride quality and higher ground clearance to tackle these roads. Earlier being able to afford an SUV was even more challenging as there were no 'compact' SUVs or low budget ones. This I think is a valid enough reason.

[@chinmaysawant9275]

Yes road play important role in buying decisions of car. Sedan and hatchback perform miserable on poor Indian roads

[@atsonaga5520]

Exactly

[@cidepisodes3786]

Chup bdsk suv lene ke lie indian road to badnaam kAro

[@ishanbarai4334]

Hahahaha suv ride quality is better in terms of Sedan 😂😂😂😂😂😂 dont speak this infront of car enthusiast friend he migh end up slapping you hard 😂😂

[@chinmaysawant9275]

@@ishanbarai4334 he might meant to say less chance of getting under body scraped while dealing poor roads.

[@shishirs2007]

There are a hell lot of non Income tax payers in india who are crorepati..

[@LM0009]

This is called 'Quality Content', always to the point!

[@ultimateshootersop875]

Nyc to see someone addressing this issue bcz in my village one of my neighbour family bought Kia sonet just to show us with a downpayment of 2 lakhs and their monthly earning is 80k and that person has 3 son's who r not even earning and they r in college they have their own bikes while at the sometime my father's monthly earning is 85k and we just recently elite i20 that too 2nd hand so that we won't get much loose yeh our car is almost new it did only 10k and it is top model we have bought it full cash and now we even know we will not loose much while selling it but those people bought that car just to show us I don't know what they r getting by doing this I am thinking what will be the monthly emi of that car but yes this is really a big issue Btw I am only one son of my papa and ryt now I am in a medical College of Assam 😊

[@jethalal_gada6]

Quite relatable, my father earns 1.6lakhs per month and he just bought a used i20 1.4 diesel after selling our 11 years Alto. Really happy with the car. He is Doctor and I am pursuing my engineering and I just have one sister.

[@rudradhir3587]

Othe amlan te hone ne nvede Kise ne ni Teri car puchni

[@ultimateshootersop875]

@@jethalal_gada6 issh bro we searched a lot for i20 diesel it's a gem car but sadly we have not got any so lastly we decided to buy the petrol which really gives very poor mileage 🥲🥲🥲 but okay still fun to drive 😀

[@ultimateshootersop875]

@@rudradhir3587 samaj nhi aya bhai

[@Ayush-yn3np]

And here are we family of 3 earning 2.5laks+ per month still have an zxi plus swift😭😭

[@shashankmallamraju4271]

Biggest victims of social status game is boomers, our parents, always doing everything to show off to relatives

[@AkashSkyTiwari]

Maine aapko 8 mahine pahle subscribe kiya tha ... Mujhe proud hai khud pe..ki me aapka subscriber hu... Mere family me fore wheeler nahi hai..lekin mera sapna hai lene ka.. Or aapke video se mujhe knowledge milta hai ❤ Thanku

[@DrMS96]

Oppenheimer be like, "मुझे क्यू तोड़ा !!?" 😂

[@ayushgarg8316]

Loan sirf isiliye lete hain ki car loan ka interest Mutual fund ke returns se bohot Kam hota hai. Isiliye nahi ki paise nahi hain. Also, tax payers kam hain par tax na Dene waale ameeron ki sankhya bohot zyada hai. Especially north Indian farmers, landowners with rental incomes, traditional moneylenders, and even many doctors and lawyers who collect most of their fees in cash.

[@JitendraGunawat]

Very well picked up topic Me and my brother used to talk about this how everyone one owning thar creta even with age 22 All cauz of the finance game played by that big players

[@SapiensIndica]

Still love my Ford Figo top model. 9 years later, still going strong. Alas, due to Delhi 10 year limit for diesel vehicle, have to give it away. Otherwise it’s engine and body is still as good as the first year.

[@Gauravkumar-om9oy]

Kitbe me doge bhai?

[@ankurchaudhary3515]

Same bhai same … just because of diesel , had to sell it .. from engine to body everything was perfect in ford figo

[@DpakSharmaNoida]

Bhai mere paas chamakti Hui wagonR hai 17 saal ho gaye abhi bhi mast chalti hai koi dikkat hi nahi hai gaadi me. Bas ab Delhi Noida me chala nahi sakta ek to 15year rule ki wajah se dusra society ke pressure ki wajah se

[@BabaBlack-qx7xf]

And my parents earning 15 LPA still using bike 😂 although we are planning to buy a car now , my parents used that money to buy land and plots on highways.

[@chanderbalaji3539]

I bought my first car in 2017, a used 2011 etios petrol for 3L and happily drove it for 45000kms and recently sold it for 1.5L to Car24. Now bought a used 2022 Innova Crysta 2.7 GX AT for 18L. Plan to keep it for next 10 years and I am sure it will sell for 10L+

[@angryskullman8345]

Toyota is anyday best 💯 Will consider a used Innova Crysta 2.4 V in future 💯

[@Heiwa1928]

Really liked your video brother. You have exposed the dilemma of Indian society. We all should mature as a society and do the right thing, which will eventually bring prosperity and joy to this Country.

[@junaidkhalidmir6396]

Amazing video brother ❤, eye opening, really appreciate it

[@ujjawal..720]

Who support biturbo media ❤️🇮🇳💪🏻💀😎

[@tbirdfalcon6545]

Car gives the sense of achievement in young age. When i was an entry level professional, i used plastic chairs for dining table, but expensive leather seats inside my car !! Now i am not ready to spend 10% of my salary on transportation. It is same across the world, Gently driven high end off road SUVs and sports cars are one of the favourite status symbol for economically successful women in places like US.

[@SurajSinghTomarArya]

Yes he forgot to mention that SUV craze is also present in the richest country of the world USA and there too 80% of the vehicles are financed.

[@IND_ShubhamMetha]

Literally you explained very well most important point which Indians should understand.If you can afford car then buy it but if you can't afford then please don't trap yourself in loan / debt. Nowadays second hand car market is also selling their car at very high price so the difference between new and old is very less but yes we can buy second hand 3-4 year or more old cars.

[@AbhiTravelDiaries]

Very well done man, I agree with all the points you mentioned…Keep creating such videos ❤

[@MrHashisz]

Thar is the KTM of Chappri of Cars. A guy I know lives in a bamboo house, has no fridge or ac and still went ahead and bought a Thar when he can't even fit all 6 of his family members in it.

[@muditsharma4384]

Bamboo😂😂

[@hrishikeshbedi1141]

i think another reason for increase in the sale of SUV's is Indian market's shift towards better safety, which we have observed in all of Tata's models, which shows a sign of maturity and understanding of practicality of an Indian Consumer. Spending 8 -10 Lakhs on a Car like Punch or Nexon (which is a crossover of a hatchback and SUV but essentially has that SUV feel ) instead of Swift or Baleno or Brezza which offers shit build quality but high mileage, seems much more practical or better for an Indian Consumer. THere is more nuance in purchasing decision than just 'show off'. Also Financing a used car is shitty process and has a very high interest rate.

[@faizsyed658]

Ever heard of tata Tiago, tigor? Even magnite is safe but cost cutting in other areas

[@HeIsHarsh]

Bro, what'd be the best alternative to Spinny but for bikes. (I've had an extremely bad experience with CredR)

[@ShaikhSalha]

Beep kart

[@dhireanpalsingh9058]

My first preference is for new car but if used car is in better condition so there is no loss

[@GyanPrakash]

Indian Mentality - Ghar bechna pade per iPhone to Chahiye, Kyounki STATUS SYMBOL.

[@gurisingh4258]

Mujhe kya mere pass to tractor h. No car driver is above me 😂

[@ArjunGhosh-f5x]

Bhaiya please batao na ,kitna dam ke gari Lena chahiye?matlab salary aur car loan ke emi ka ratio kitna hona economical hona thik rahega?

[@harshvardhan987]

Apki income ka 30 to 40 percent EMI ho utna thek rehta hai

[@ArjunGhosh-f5x]

@@harshvardhan987 sukriya harsh ji

[@beesetti.d.ssubhash5075]

I'm not a financial expert, but i would suggest to to consider 2 things like, if having a four wheeler is necessity then spending 20 - 30% of your salary in a year and if it only for your needs then 10 - 20% of your salary in a year would not impact your financial stability. And one thing, don't spend too much on EMI...like if you could able to pay all the EMI's within 2 years that would add more stability to financial management and mainly gets rid of your EMI headache. I'm waiting for someone how could correct me if I'm wrong at this... It would be highly appreciated to share their knowledge here.

[@harshmahajan3665]

Exactly and extremely needed information you gave brother ❤ keep it up 🎉

[@rammeharnain5541]

Agar meri annual savings 7-7.5 lakh h to mujhe ek new car par kitna spend krna chahiye. Mera plan 7-8 saal tak car rakhne ka h.

[@niriap9780]

You can buy a car worth twice your annual salary.

[@yashkaushik3853]

Bhai cash h toh lo nahi toh 2nd hand pa chala jao bata rha hu it will be best

[@jd9542]

these showoff trends will ruin youth

[@ShantanuDeshmukh88]

Lot of wisdom packed in small video. Hats off to the team for similar great content on your channel. I went against the market trend of show-baazi and bought Tata Tigor petrol. Literally No one buys this car. But it has spot on handling, steering, great suspension. Cabin comfort is great. Big boot that satisfied my touring requirements. Engine is not spunky and is not that refined. But the car is 4* safety rated. It is also very compact so I feel no stress when driving through tight spots, city traffic etc. With BH registration it costed me just ₹8L. Which is much less than 3 times my annual earnings. I don't worry too much on mileage as I know I haven't spent crazy amount upfront anyways. And I only took 40% of cost as loan, that too to save some liquidity. I may look small, insignificant in front of other 95% financed hulking "SUVs". But I know I have made the most practical decision both requirement wise and money wise. In a way I am standing out in the crowd now and I like it 😅

[@Imazharhkhan]

Thanks Buddy at least you pointed out this For instance I am earning More than a Cr in an annum but I used to drive a Laura TDI and bought it at 3.25 lacs 3 years ago But it’s fun to drive man And I have kept my car thoroughly inspected and checked by Company 😊

[@RightOne1]

Hard to believe your income bro!

[@actionjaction7495]

Driver ko kya bolte hnge tum : Drive Laura nikalo office jana h 🤣🤣

[@JumpingBag]

​@@actionjaction7495🤣🤣🤣🤣

[@RajKumar-rs1ry]

@@actionjaction7495 good one😂😂👍

[@quagmire4412]

Bhai laude pe baitha ke market jata h

[@MECHU20054]

Rocking with 3rd gen honda city 🙂 It is as good as new

[@restinmusic2571]

Car is status symbol in India. Relatives start others treating inferior if they somehow managed to purchase car on finance.😂😂

[@Vartoons]

Wonderful video! SUVs have become a rage and our roads are filled with them. I took a Tata Tiago when others told me to for a Nexon or Ertiga. Didn't see the need to own a larger vehicle with a larger loan and interest. If the basic need is met, then no issues at all.

[@saheb1098]

Impeccable research brother no doubt. Just one point you made about polo gt tsi it made me sad. That car has a niche following and not everyone in india has taste. Bhedchaal is very much prominent in our indian culture.

[@sroy_home]

I too miss VW Polo! I wish we have more intelligent car buyers and push manufacturers to sell good hatchbacks and sedans in India. I don’t understand the craze of SUVs which are not even 4x4 nor they do off-roading, like you said.

[@subtletravelvideos920]

One perspective I like to add is, see car is a big one time purchase and will improve social status as well as specs. Lets say you buy a car with low spec - you will end up thinking to buy a better car in next 5-8 years. Rather then that paying twice. Proper model car even if its a bit expensive need to be bought so you can keep it for next 15 years. Small car will always need an upgrade down the line. I do think Indians are making right decisions because we are known to be good with money. Atleast compared with others.

[@himanshusinghal242]

that is if they buy high efficiency and quality engine. No one replace a car less than ten years.

[@mr_unknown474]

You are giving a true suggestion, logo ke behkawe se bachna bht jaruri hota h 😅

[@najmulsaqib2838]

When u see someone driving a nice car, you rarely think," wow that guy driving that car is cool." Instead, you think, "wow, if I had that car people would think I'm cool."

[@marnungsangimsong4619]

S presso gang give attendance here...😂

[@rohitbisht3416]

I always buy a second hand car. My first car was Renault kwid (used) bought for 2.5L and sold it for 2.20L after using it for 2.5 years. I currently own a ford aspire Tdci titanium which I bought for 4.9L. You can always go for used cars to have a better deal.

[@fouseytube8163]

Nowadays used cars are very expensive

[@harshharsh4190]

@@fouseytube8163reason is they are selling 5 years used car at new cars price with some 1/2 lakh discount 😂🤣🤣🤣

[@subhash1311b]

main reason of suv demand in India is, bade bade illegal speed breakers. maine tiago liya h, gaadi to best h, but kai bar base ground me touch ho jata h.

[@KanagaDeepanN]

Always remember, "Buy the tool, for the Job. Not the status symbol for your ego"