Car Decision: Renting vs Buying | Vehicle Purchase Tips 2023 with EXCEL SHEET! | Ankur Warikoo Hindi

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In this comprehensive guide, I dive into the age-old debate of renting vs buying a car. We'll explore the financial, practical, and lifestyle factors that influence this decision, aiming to provide you with a balanced perspective. By the end of this video, you'll be equipped with the information and insights necessary to make an informed choice that aligns with your financial goals, lifestyle needs, and personal preferences. Remember, it's not just about cost; it's about value, convenience, and freedom as well.
#carownership #financialplanning #warikoo
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[@warikoo]

Make your own calculations, here: bit.ly/3OAP9fv Get my new book ‘GET EPIC SHIT DONE’ here: ankurwarikoo.com/getepicshitdone Order my first book ‘Do Epic Shit’: ankurwarikoo.com/doepicshit Subscribe to warikoo Shorts for tips in less than 60 seconds: t.co/pMdPNe4Quf My Money Apps My Money Links Indian Stock Investing (Zerodha): bit.ly/3iYKROh US Stock Investing + Investment Tracking (INDMoney): bit.ly/37M1rik Portfolio Investing (Smallcase All Weather Investing): bit.ly/3u0is0I Life Term Insurance (PolicyBazaar): bit.ly/3XsEGWi Health Insurance (PolicyBazaar): bit.ly/46hvbNL Corporate Bonds (Wint): bit.ly/3sbUI8c How to pick the right insurance (Ditto): bit.ly/3xFh7OU Crypto Investing (WazirX): bit.ly/3O4KC2 My gear for shooting this video: 🎥 Sony a7III camera: bit.ly/3M42wAV 🎬 Sony FE 24-70 f2.8 Lens: bit.ly/3KCCiF0 🎙 Shure SM7B Microphone: bit.ly/3O1NAVA 🔆 Fill Light 60W: bit.ly/37aJolP 💡 Key Light 150W: bit.ly/3O9nyjs 📽 Benro IT15 Tripod for Sony a7III camera: bit.ly/3O4PvJ1 Useful links: 20 books for your 20s: bit.ly/WarikooBooks 20 online courses for your 20s: bit.ly/WarikooOnlineCourses Gadgets that I use: bit.ly/WarikooGadgets

[@mdhammad3460]

Sir, Make a video for how to cars,bikes or any vehicles buying process...

[@vishalghosalkar3013]

Sir, please make a book review on Where are the customer's yatchs by fred shrewed. Its my request to you.🙏

[@ankurjain6268]

Hi Ankur, why is petrol cost not considered under the subscription model??

[@bhavinlakhara1282]

CA student things 😂😂

[@mbgmasterofbusinessguru8830]

Ok good

[@neetpreparation1874]

After some time he will be talking about marriage vs live in relationship. And adoption vs giving birth to a child useing these excel sheet. He is just awsome person so far considered . I 😂😂 like and respect him very much and adore him also .

[@YOGIADITYANATH05]

😂😂😂😂

[@allenjoseph4433]

😂😂😂😂

[@MrMit007]

😂😂😂

[@shuv031]

😂😂

[@PranavkumarGuptaMIND]

😁😄🤣🤣🤣

[@abhinav.007]

Owning a car for a middle class salaried person, that emotion can't beat in renting and riding in ola or uber. The feeling of your family member when they get to see first time your new car comes to ur home is unbeatable.

[@saadathanikar4663]

Obviously. Even it is Alto 800 only. That too showroom car.

[@8dtime441]

Worst case buying a car Emi will eat you alive. Car buying before certain age is foolishness 😡

[@mancunianfc752]

This is a social trap. You can never get out of middle class mentality if you keep taking loans and pay emi's for half of your job life. This trap is to make sure middle class people stays in the bracket and never get financial freedom

[@mancunianfc752]

@@saadathanikar4663 what about the expenses that will be incurred by using a car which has low or zero safety features in case of accident. The problem with indian car buyers is that they dont take into consideration of safety while buying a car. And thus just for the sake of social pressure and social status they invest in a cheaper car with less safety features.

[@prasadvsp6454]

This is the reason why banks are able to thrive. Their investment is not in cars or loans but the mindset of people who think owning a car, ON LOAN, is somehow indicative of being of a higher status. Wealth and money are two very different things..

[@coruscated]

Nothing compares having the comfort of a car at your disposal. Everything is not maths

[@evilnightbot3131]

RENT or BUY Car ❌🤡 STEAL IT ✅🗿🔥

[@abhisheksnehi5039]

😂

[@humblerajesh.9129]

😂😂😂😂😂😂

[@JourneyWithNandrales365]

Hello Ankur Sir, I greatly appreciate your informative video. I wanted to share a thought: If our plan is to hold onto the car for over a decade, would you still recommend leasing over securing a car loan? I'm eager to hear your insights. Thank you!

[@poddarakhil]

Hi Ankur - Thanks for this informative video. Just a thought if we intend to keep the car for 10+ years then do you still feel that leasing is a better option as compared to taking a car loan. Let me know your thoughts.

[@puneetbirmaan2940]

Used to be a spreadsheet aficionado for life decisions, so buying a car seemed impractical. Came to this conclusion after previous such videos you made. Fast forward to today, where I drive to places on my own, and what an awesome change it has been. Went through a family medical emergency a couple months back and having a car at time felt such a blessing. Life's decisions aren't mere Excel. results.

[@gail35361]

absolutely correct. Thoda jyada hi excel ho gaya.

[@ashisharora6800]

Life is not Excel , there should be a parameter called " emotions " which have a huge weitage to the dedicisons not just inflation , appreciation etc etc. In an organize cost optimisation is the key but not everywhere.

[@sirius-harry]

We shouldn't fall into binary thinking - it's not about only excel based calculations or only emotion. It's about making an informed decision. We can do all the calculations and yet decide to choose the other thing - that's fine. But at least we would know the trade-off we are making and that's the most important part.

[@roshnishaikh8954]

U got ur own car or u rented?

[@Saumyagrow]

I believe that if we have a car, we should sell it and receive at least 40% of the original amount.

[@nabeelkhan694]

Renting a car vs owning a car is probably one of the stupidest thing people compare, imagine in case of any medical emergency in your family or any uncertainty will you wait for a cab? A small car like Alto will also do the same work ( if you're worried about spending too much money on car). Sometimes it's better not to compare things rather just buy them and be happy.

[@amithnayanar6747]

You are talking about booking a cab while he is talking about renting a car. That car will be with you like your "own" can until the subscription period is over.

[@neetpreparation1874]

After some time he will be talking about marriage vs live in relationship. And adoption vs giving birth to a child useing these excel sheet. He is just awsome person so far considered . I 😂😂 like and respect him very much and adore him also .

[@englishwithpk5128]

I saved my mother due to owing a small car Alto... She is still alive due to my car, she got heart attack & I rushed to hospital by my car Alto..

[@neetpreparation1874]

@@englishwithpk5128 bhai excel sheet jese life nahi hoti ha . Life mai randomness hota hai aur yeh marketing wala nahi samaj sakta hai. Apki mummy ko lambi umar de bhagwan . Tanks to alto.

[@VijayKumar-fb2mj]

What if i use the car for zoomcar or any other services for income on the owned car on the days when i do not use, What does your excel suggests? Whether to buy or rent?

[@torik7987]

What if a good condition 2nd hand dezire is purchased at 2.5 lakh? Pls do a video for 2nd hand car scenario as well.

[@kunalpal369]

Sir 1 Q i have a Hyundai eon. My took it on a loan for 5 year now the loan is completed and car is around 6-7 years old but it's only travel around 30k km . I like your point for renting a car (subscription) but is it possible that whenever i want my only that time i order the company for renting the car . Because we want a car but don't have that much use

[@ashiworld102]

What about if we purchase a secondary hand budget car (

[@smitaagrawal7409]

The only sad reality is that materialistic things are synonymous to success in our country. If a person buys a car, he/she is seen as a successful person. Just for being seen as a respectful person, creating a burden on your pocket is normalised in our country!!😂😂

[@neerajthakur6200]

Totally agree with you smita. Most of the people make the decision of purchasing cars not on the basis of whether they travel a lot or not but because of social status.

[@akashchowdhury1942]

Social status is also necessary..If you have lots of money but you don't own a car than it's affect your social status and comfort lifestyle.... Everything matters

[@smitaagrawal7409]

@@akashchowdhury1942 Agreed. If you have people around you who support you without you having a car, its the best. But if people judge you on the basis of your material things , disrespect you, then owning a car is worth it. Afterall, respect is also important in life.

[@prsiva21]

I feel buying a car should be use case based decision rather than social status. There are many who end up buying car and crib regarding driving problems in congested traffic. Of course there will be societal pressure but then our money is ours. We should not let others drive our decisions. If we feel a car would help us or family practically, then no doubt, its necessary. Had there been no ola or uber, there would have been no debate perhaps.

[@saadathanikar4663]

Car is a need now a days. It was social status once upon a time. Many middle class family who are leaving in metros where parking is a big problem even though they have their own car they take auto/ola/Uber rides. Having a car we can roam around with family.

[@mycutiepie2864]

And sir when we are using a rental car can we give the service on bla bla on our way to home or office so we can earn while we are going for our own work

[@mahendrapodder8471]

Loan period 3years and rent period 5 years? Isn't it unfair? also handling your own car vs handling someone else's car and accidental charges included that will cost much more

[@peacefulandjoyful5558]

Hi, One query Company Leasing vs Financing option, which one is better? I find Company car lease better because it helps in saving the tax as well, if I am paying 35 percent at the end of term in order to have that vehicle, am I thinking correct?

[@Saumyagrow]

I need assistance to resolve my problem with vlookup and hlookup.

[@thinklogically2042]

Thanks .mujhe humesha confusion rehta tha ki uber mehenga padega ya car kharidna. So cab is a good choice rather than buying one

[@mohdsufiyanashraf145]

Can i use the same excel for estimation for Bikes?

[@rajeevroy4383]

Hi Ankur, You have repeated the episode to calculate the car ownership cost to person if (s)he is not a business (wo)man. Usually companies buy or lease vehicles on which they get tax breaks. Do a similar episode for a business. That would be interesting ve

[@MrMit007]

Why it feels like same video everytime? 😢

[@neerajsingh-fz4gq]

Sir - You have not given access to edit the spreadsheet and make our own calculation. Request you to please share an editable spreadsheet so that we can calculate.

[@ushaswinitirunagari9070]

Please do a same video for renting and buying a flat. It will be helpful

[@hiteshgandhi5889]

It's really interesting for someone from middle class

[@SagarPatil-gu5gp]

Ola Uber cost in Whitefield - I am paying around 450 inr for 9 kms. That’s 50 inr per km

[@shashwatrocks1]

100% True, on average, Ola-Uber will never be 13 RS per km, it should be minimum 25-30rs per km. In my experience nowdays, it's never below 30rs per km, even more for short distances

[@MrAswinprabhakar]

I dont think he uses actual price we are paying for the calculations, 13rs will be the effective price considering that we dont have to pay tax, insurance, maintanance etc

[@ratneshparekh]

Sirji, unable to edit the excel sheet after downloading the file. Please help.

[@vishalsavade3867]

Hi Ankur, Can you make a another video on snowball and avalanche method but considering that extra payments over the periods of loans to invested in mutual fund or any other investments.

[@anup.............]

Sir how to use your spreadsheet link in Android tab

[@bharsanta5029]

Thank you so much for the effort n for sharing this.

[@asurakengan7173]

Please make a sheet on taking care of parents vs leaving them in old age homes or streets, also assume saved money will be invested in mutual funds 😍

[@saadathanikar4663]

Taking care of parents is always better. We can't compare it with money. Parents are priceless.

[@XEAIXAE]

Sarcasm ni smj ata apko

[@vishal.shetty]

🤣🤣🤣

[@sahilchamp]

Very Nice Ankur :) I tried the sheet and found it really helpful. But, I also want to understand the financials of buying a used car (a second hand car). How will that change the game. As getting a used car is fairly easy in NCR but getting a good used car is purely luck or research.. But in case - someone got a good used car with less maintenance, will that be a better decision?

[@neveravilable]

Used second hand car will only increased its maintenance cost and its mileage

[@kapileshnaidu6865]

How many people actually consider buying a used cars? They're actually very good value for money (assuming we're street-smart enough to not get scammed)

[@positive_vibe.eduworld3345]

Which one is better afterall plzz answer me?

[@SHINDAJTT]

My friend have Baleno 2016 Model & driving near about 1lac. He purchased for rs 8.2 lac, now after 5 year he's selling for rs. ,5.5 to 6lac bcoz of condition of car is awesome no accident, company service record also applied alloys wheel extra. So my question is that is it best car value if i want to buy from them

[@Nageshmokashe]

Mobile se download ni hota kya?

[@gamingzone_2024]

Hi Ankur, When you are talking about a rented car it can be possible only in major cities or mostly in Metro cities. What about small towns where we are living with a government or private job with the same pay scale and the same amount of travel. What's your opinion about it

[@nirvaishnaw]

this question I asked to all the youtubers, who made this video but no clarification even now. Its all for metros only

[@bonesearcher]

Basically, "too bad, so sad", because all these financial youtubers seem to target this crowd of urban metro dwelling people in their 20s, mostly working tech jobs with high salaries.

[@vishwatejp.9286]

Make a video which cars to buy. CNG, Petrol and doesel

[@AkshayKumar-hv9lz]

I have downloaded couple times your sheet.. But it has only read access... So what is the use of it

[@rahilshaikh2778]

You can make a copy of it in Google sheets and can edit it

[@ahameddiean5499]

Thank you so much, love from Bangladesh.

[@dt1944]

This is great video But how to calculate feeling and emotions connected to car And In case of emergency not having a car or required to traval beyond given limit (given by renting company) what is adversity cost ???

[@meenaal33nirmale52]

Too good man🎉

[@deepakgarg2764]

Kindly make the sheet editable....its in view mode only....requested multiple times for access

[@MrSourindra]

Hi Ankur, On Subscription Vs Buying: Just a suggestion, You can also consider selling your car. It will be depreciated by a lot but still will definitely reduce little /KM cost in comparison to subscription.

[@MrMit007]

It was already included. 🙄

[@HavishG]

​@@MrMit007depreciation was included but drop in mileage was not included.

[@likhithsinghani5122]

Thanks for the comparison. But I think the comparison is missing a key element here. If a middle class person is planning to rent a car, it is more likely due to unaffordable down-payment and insurance costs that need to be paid upfront. Considering that as an investment wouldn't give the accurate results. This is completely my opinion, would love to hear your thoughts on the same.

[@bhatia.18]

1000th video, congrats.

[@chetanrathod9794]

Great video sir👌👌👌👌👌👌

[@nileshahir6650]

Sir 10lac ki car mein insurance bhi increase hoga.

[@ankitahamana07]

Brilliant idea sir🔥

[@akashchowdhury1942]

I became your big Fan now sir❤❤❤❤

[@PulkitGupta4444]

What about taking car from company lease policy? pls make one video for that also

[@rajeshs1961]

I was looking to rent a car. However I am unable to edit the green cells.

[@sameermawani6614]

wow brilliant hack !!

[@swapnilmagar344]

Thanks for making us clear about buying or renting car . It almost save me 10lakhs ❤I was going to buy a car. Now I changed my mind . Thank you sir

[@nileshnarkhede3205]

Hello Ankur sir.. i think calc could have been different if you have considered selling a car after 3/5 year.. thats still amount we can subtract from total cost while buying new car which is not available in case of renting a car..

[@lostsoul4317]

Yes that's what 😂😂

[@bhaskarphatak711]

Hi ankur & team, would like to know if renting a car has any tax benefits, if yes than could you pls add to the excel or replyfor my comment. thanks again for posting the video, ye excel-excel is really excellent !!

[@NavZ909]

buying ev's can give you rebate on interest payments made, not sure about renting (unless you run a biz)

[@shreeguroshreshti1460]

Cab will never be 13 rupees per km for dzire 😂😂 Autos are also more expensive than 13 rupees/km. You can't casually put in numbers of your choice to suit the results you require 😂

[@papiyalahiri7109]

Thank you!

[@ankurjain6268]

Under subscription option, running cost (petrol) is not considered

[@jitendrasoni3150]

But emergency me kya karoge

[@imdhemant]

I bought my 5th used car VW vento 2012 model in dec 2022 for 2.6 Lakhs, excellent condition. 800 kms per month, 13 kmpl, avg per month expense - 8000/- fuel + toll, 850/- insurance, 1000/- periodic service 1500/- parts replacement, 12000/- approx total per month. Reason for buying, i am really passionate about cars, before vento i had polo Diesel 1.2 for 5 years, i wanted naturally aspirated 1.6L petrol engine for performance with more comfort and driving dynamics. I will use it for max 2-3 years and then sell it off at around 1 lakh. 3-4 saal ke passion ke liye 5 lakh ka expense kuch nahi hai.

[@Raju-qf4is]

Yar tu Banda sahi hai. Life enjoy Karo yaro. Kya pata future me kya likha hai. Aaj hai apne pas bas ji lo es pal ko enjoy Karo. Aivi Excel sheet Excel sheet 😂

[@aviraljhalani8306]

Sir binance app use pe video banae

[@mihirmistry4520]

Brilliant

[@DemonDivyesh07]

What about buying a 2nd hand car vs renting?

[@pratyushkryadav]

How much charges have given by MS. to makeing this video ?

[@prasadvsp6454]

Cool. Many people must do such calculation to identify opportunity cost. Owning cars makes sense for those that drive more than 4000 kms a month. For anyone that doesn't drive even 1000 kms a month, renting a cab is the best option EVs on the the other side might be a a losing proposition at this stage. The batteries in an EV are probably as costly as the car itself. Batteries need to be replaced at an interval. Hybrid might be the best choice and gives the best of both worlds IMHO experience.

[@punyashlokmohapatra7219]

This calculation makes sense only if u are a single man . If you have a family with a young kid or an elderly or a female member who may need occasional hospital visits, a car is a must .

[@kiranvardham]

When you changed the tenure to 3 yrs or increased the price to greater than 10L, you are keeping the selling price constant around 4.8L and I believe the SP is not constant and change and hence renting a car will get more expensive no matter what.. Isn't it better to Keep life simple and not calculate and over complicate life in every decision we make..

[@sheldon6972]

PLZ share one comparing with EV too. Renting a car or buying EV

[@BACHOUDHARY]

Itna kisi ko problem h to used car lelo mast raho

[@Prateekroc]

Hi Ankur, while calculating expense of owning a car shouldn’t you consider the SIP of the amount which otherwise you would be paying for subscription? The reason for asking this is when you are calculating for subscription you are considering the return on the down payment which you didn’t have to pay if you went with the subscription. Just think about it.

[@Ashwajeets]

Right! If one can afford SIP equivalent to subscription cost, net cost of buying a car can come down making buying a car more financially attractive

[@gandharvanand4642]

While buying a car, you are also paying off the loan + interest on monthly basis, which kinda takes away your investment ability. Not something which ankur dealt in the video but just putting it out there to think about.

[@inderyadav2420]

Sir ,aap ki calculation sahi h, humare yaha tho showoff ke liya car lete h loan pe ,vho bhi emi pe ,chalti kuch bhi nahi h ,2month mai 50-60 kilometers . Salary 20 -25k hoti h.

[@premkalyani]

Hi, would be great if we can compare electric cars also

[@rohansamanta7819]

Till date rarely have booked a cab at 13rs/km unless going outstation. That too not from ola uber and these operators, also they charge extra for nights.

[@japanpadaria6922]

Please make a video for EV as well.

[@harshitrkhatri]

One problem with this calculation is that cost of maintenance of car goes up with time doesn't come down as is assumed in your calculation based on value of the car.

[@princesehrawat906]

Hello Ankur, but i will buy a CNG or EV car for 15 years.

[@gkkhemka]

Ankur at 3000km , I will want to have a driver so if we add the cost then this might still be close to Ola/uber..

[@mohit4success]

good stuff

[@Yog988]

I am just addressing my point of view and don't want to hurt anyone's thought and I may be too young to talk in front of Warikoo. It is true that buying car (or any other liability) needs huge money and there are other assets which can give us far better returns, But I believe happiness is priceless. If we saved money and there are cores in the bank when we get old, but does anyone want to die without using that money? Definitely NOT! I believe we should 'Keep Growing...Keep Earning...Keep Enjoying'. So, at the end balance should be zero for all these three. Why we are separating out financial from emotional. I think they are not much different, add emotional value in excel and then we will come to know the exact returns. Financially returns may be too less but emotional returns are far better, I think that is the only purpose of life. It is not like we will start begging on road immediately after buying such thing, we will keep learning and keep earning.

[@gogoi.]

Hi sir. Have baby or not to have baby. Need calculation please.

[@sagarmahajan4726]

This video is very useful for understanding all financial scenarios related to car. I watched it carefully and I have following observation on it. In case of renting a cab or a car, you have invested the amount of down-payment and insurance + maintenance with some 6% interest and then you calculated the effective rate per km. This is ok. Now, in case of car buying, one is paying down-payment and insurance + maintenance amount but at the same time, monthly subscription is not applicable. So, similar to renting scenario, one can invest this monthly subscription of 22k with same interest for decided period which will also generate returns. This returns should also be considered in buying car scenario. It will be more comparable.

[@tannmaysmahajan2638]

Although the downpayment is considered in case of buying a car but the balance amount payable is funded via loan and hence EMI was considered This EMI would somewhat be similar to the rental amount and hence that amount must have not been considered for investment purpose in the buying option

[@khabirulislam999]

Sir, Excel ka video series shoro kijiye. Beginners to advanced level please

[@deveshmaheshwari6598]

Rent everything in life....car, house ....if possible wife and children....don't own anything ....then whatever money u save put it in SIP - stocks, bonds and crptos....

[@sapankansal641]

SIR PLEASE CREATE A VIDEO FOR CORPORATE LEASING AND TAX SAVING CALCULATIONS

[@SM-hk6ff]

Bangalore mein auto hi 20Rs per km leta hai.. 13 Rs. Kahaan hai ?

[@vinodyadav-cl3cy]

Leasing car mein fuel ka kharcha koun uthata hai?

[@preetishsrivastav9785]

If you are watching this video. My suggestion would be but a second hand car that will be most economical option ..

[@sankalpagrawal5846]

@warikoo Please don't keep the beats as background music, it is tooooooo irritating, otherwise video is awesome

[@mahendrapodder8471]

While renting a car the overall cost comes greater than what it was for owning a car including insurance, service etc. Now if someone has that tight budget how could even after renting the car would invest the savings as he has no savings even though he won't have to pay insurance...

[@8dtime441]

Then don't even think of buying a car...........

[@NoubeTrader]

Buying car also has a oppertunity cost and other variables as well. Good comparison but not very fair

[@dheerajmishra3366]

Zayda chalne se per km cost kam hota h but sale k time value kam lagegi

[@arghasantra5420]

Bhaiya asehi same costing chart ev vs fossil fuel car ke liye banao

[@arghyarakshit999]

Sir, Ev ke sath comparison important tha

[@harshalkotarwar8603]

Agar ye segment sabhine apnana shuru kar diya to auto stock main investment risky ho jayega

[@abhishekjagtap1990]

Hi Ankur, i feel there was a small error made in the calculation. When you considered a 10 lacs car to buy, you had considered analysis period of 3 years but the subscription plan was considered for 5 years. Will the calculation change if you subscribe it for 3 years? Just thought of pointing it out. I may be wrong Otherwise a great analysis and i always enjoy watching your videos.

[@tannmaysmahajan2638]

True, infact the subacription amount changes even with the change in the kms which I think was not considered later

[@suhrtInsights]

Car is a fast depreciating asset. Don't go for loans unless you absolutely need the capital. Having the headache and burden of a high EMI in these uncertain conditions is just not worth it.

[@LILSLB]

Why are you driving a Nissan Magnite

[@2107sumanta]

It is eyeing towards proving something. Selling of owned car is not considered.