Shocking Reality of Buying Luxury Cars Revealed | The 1% Club Show | Ep 8

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The reality of buying luxury cars in India is SHOCKING to say the least.
Are you a petrolhead? If so, this video is a must-watch for you! Introducing Ramesh Somani, he’s the founder & CEO of the Exhibit group and the chief editor and publisher of Top Gear India.
In this podcast, we discuss everything about cars, from how someone can buy high-end cars to whether luxury and sports cars are investments.
A big thanks to Ramesh for joining me on the show. And I highly recommend you watch the episode in full. Trust me, this is one ride you do not want to miss.
Ramesh Somani : www.linkedin.com/in/somaniram...
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Time Stamps:
(0:00) : Highlights
(0:36) : Ramesh's luxury car collection
(1:08) : How to become a fast drifter?
(1:36) : Drift School in Iceland
(2:25) : Why the rich buy luxury car?
(3:28) : SHOCKING Mercedes sales: India vs China
(3:59) : Super luxury cars sold in India, cost and add-on charges
(5:15) : Why Bollywood celebs can't buy luxury cars?
(6:17) : How Ferrari invites you to purchase
(7:00) : Luxury cars are appreciating assets?
(8:04) : Hack to get luxury car for FREE
(9:21) : Average networth of a person who buys luxury cars
(10:27) : How often do the owners drive their car?
(11:50) : What is the fastest car in the world?
(12:19) : One car Ramesh would choose for the rest of his life
(13:03) : Dangers of driving too fast
(14:41) : Luxury car in 30 Lakhs to 40 Lakhs range
(15:33) : The 0.001% club of luxury cars
(16:43) : Taboo in India about luxury cars
(18:05) : Top Gear India
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Sharan Hegde is a personal finance expert who has been featured in Forbes, Economic Times, Mint, Times of India and many more. He is the Founder of The 1% Club, India's biggest finance community which helps people achieve financial independence.
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Instagram: / financewithsharan
Facebook: / financewithsharan
LinkedIn: / sharanhegde
Twitter: / financewsharan
KZbin : / @onepercentclub12
#financewithsharan #finance #sharan

[@likhith-lexus]

If govt removes the stupidly ridiculous 100% tax for supercars and actually not construct stupidly high speed bumps, you can see a significant number of supercars

[@jishamp7539]

Then you actually Need SSSTUUUPIDD HOSPITALS... AND A LOT MORE STUPIDDILY RIDICULOUS accidents..😊

[@veeresh_22]

Well the 100% tax is not a stupidly ridiculous idea... If govt don't tax the richy rich, it will then have to come up with REAL stupidly ridiculous policies to tax poor & middle class more to compensate for its loss in income from taxation.

[@liketheterminatortoldya7297]

It's more than a 100% It's around 240% all said and done by the time the cbu is imported

[@tushargoel3870]

In India the roads are already full with cars if tax will come down then we can't drive the car on roads as there will be no space to drive

[@_aditya.sawant_]

It’s not the government but the Indian car manufacturers which don’t want foreign companies to sell those high end products for cheap

[@rithikgandhi3685]

This is how you conduct a podcast. Let the expert talk on their topic and as the host, ask great well reserched questions.

[@RobertDamanii]

The 1% of rich people think of how to invest their money to increase their wealth during the recession. While 99% of struggling hard-luck people think of how to survive without food and daily necessities in the recession and the coming hyperinflation

[@TheRothschild770]

I am a dividend investor for the most part but I have bought Tesla stock a couple of times. However I have bought Tesla stock again and will hold for the long haul this time.

[@TheRothschild770]

I don't think I need a finance advisor. I can manage my own money and investments. I don't want to pay someone else to tell me what to do with my hard-earned cash.

[@RoseBalerus]

@@TheRothschild770 That's a risky attitude, My friend. You might be missing out on some valuable opportunities and strategies that a finance advisor can offer. A finance advisor can help you plan for your short-term and long-term goals, optimize your tax situation, diversify your portfolio, and avoid costly mistakes.

[@LeeParkchu]

@@RoseBalerus I agree with You. A finance advisor can also provide you with objective and unbiased advice, especially when you are facing emotional or stressful situations. They can help you stay on track and avoid making impulsive decisions that can harm your financial future.

[@ThomasColt]

@@TheRothschild770 I used to think like you. I thought I knew enough about finance and investing to handle everything myself. But then I realized that I was spending too much time and energy on researching, analyzing, and monitoring my finances. I was also overwhelmed by the amount of information and options available. I decided to hire a finance advisor and it was one of the best decisions I ever made. They saved me a lot of time and money, and gave me peace of mind.

[@praveenkrishnan4935]

What i really like about this podcast is that sometimes he ask question for audience which is something most of the audience really want to hear. Like the luxury cars within 40-50 lakhs etc. He knows the audience pulse.❤

[@shrih8891]

This is the example of a unique topic and type of podcast we can do. Please bring in more of such type. Thanks.

[@73dpk]

I almost never comment on KZbin videos, but had to mention the fact that this guys seems to be a Humble guy who has some good communication skills. Appreciate it !!

[@daforddp]

So informative! This is one of very few YT videos I watched without fast forwarding!

[@hemantlahale6593]

The appreciation of the car, Applies to a selected few cars. Which are produced in limited quantities like the McLaren's F1. Other mass produced supercars deprecate at a rapid pace.

[@pavitravirani5293]

I think much more wider available cars such as the 911 platform of Porsche also appreciates

[@Deepanshu_hooda]

McLaren Speedtail and Ferrari LaFerrari is also in appreciation

[@pavitravirani5293]

@@Deepanshu_hooda yes coz they are in a limited production run

[@pabitra7556]

​@@pavitravirani5293 Yeah majority of the limited production cars appreciate in value

[@Deepanshu_hooda]

@@pavitravirani5293 that's the main reason

[@yogensachdev]

Quite insightful episode Sharan! Looking forward to a part 2 with Ramesh Somani.

[@financewithsharan]

Soon! Thank you :)

[@jollypaul6737]

@@financewithsharan yes! need another episode with him

[@user-xt4sg4qz4n]

It was quite an informative show and i enjoyed watching it. Keep up the good work , good going Ramesh

[@jollypaul6737]

I appreciate Ramesh's candid insights into the luxury car market

[@Sanjay_Learning]

Very well narrated q&a that gets completed before our attention span exhausts.

[@arunkumar-wx1xw]

Damn Man!!! I really loved this one. The way the question and answers. Thank you both ❤

[@financewithsharan]

Thank you so much

[@lokeshwaraachari6781]

Sharan bro doing absolutely great....i think this is very unique video in this 1% club episode . Eagerly waiting for 1% episodes.keep doing like these❤

[@financewithsharan]

Thank you so much :)

[@jayantadeka007]

This man is just amazing!! He knows everything…. well almost everything about luxury cars👍👍 loved the content of the podcast 👏🏻👏🏻

[@RameshSomani]

Thankyou

[@Jalebilovefafda]

I bet , Mr Boopesh Reddy would be one of 5-6 person who will get the allocation of Ferrari Purosangue ( means pure blood ) . This is because he is one of two person who in India who got allocation for Ferrari Competizione. And that car when launched was about half a million and now sky rocketed to about 2 million usd .

[@yugmajithiya4771]

For kind information to other, he owns BREN Corporations which involved in real estate in and around Bangalore .

[@vijay-oe7qh]

There are 4 competizione in india

[@SiddharthGaurs]

Very knowledgeable guy and he knows how to out forward the points in a conversation

[@BrunoNara]

I love the way he asks questions like a curious kid, i got all the answers to the questions.

[@karthikmaxxi]

Your questions were on the Mark 🎉🎉,, superb 🤘 Bro

[@vishalbarot8588]

Excellent and Unique content. Thanks brother 🎉❤

[@__ayushman__]

I got the chance to go for a spin in the Lamborghini Urus Performante. A car with that power is just crazy. It just blew my mind and as a car enthusiast it was the best moment of my life.

[@marrylobo9182]

11:14 Ramesh being extremely honest 😅

[@rupashetty2577]

Simply awesome interview . Something new information of 1% club.

[@shashankmh2000]

Amazing video bhai 😊❤❤❤ Unbelievable fact of ultra rich people 💎🙏🥰❤️

[@reenauparie2536]

I learned something new today... thanks to both of you

[@dipanjanbiswas8159]

Very very nice and practical discussion 👌🏻👌🏻

[@gaganchaudhary9908]

I always wondered what an Indian Top Gear Show would look like and more then that who all will be perfect to host and match the craziness of the og gang.....i guess we are finally going to get the answers. Really excited for it.

[@noshwhiakdhssdd]

14:53 one of a luxury car that is a competitor to audi q3 and bmw x1 is the vw tiguan, Highly underrated, and mod friendly, kodiaq is also a pretty tough competitor for those . These cars can be bought for less, as alot of profit margin is left for dealer.

[@richie.kxr_]

Loving the 1 percent club. Keep them coming.

[@user-gz3rn5po6w]

Wow! The best content for a car enthusiast like mee!

[@mallikjan2180]

Sharan bro this some serious motivation video for everyone,thank you for this video 🙏🏻❤❤❤

[@financewithsharan]

Glad you enjoyed it

[@gauravpatil9558]

Being auto enthusiasts I can feel the podcast thrill

[@aartigavit5845]

Listening to Ramesh was really informative

[@jayk7662]

Superb video 👌 very informative

[@bhuvanbhola8413]

Same as in case of mustang in india even 5-6 years old are sold for approx 75 lakhs whereas new costed around 65 lakh

[@karthiksudhan3406]

Why do people buy a old car when the new one is cheaper?

[@dyno-qe2vk]

@@karthiksudhan3406sale of mustang is stopped

[@Khavengers]

Hats off Sharan, you've the ability to keep the storm at bay. #iykyk

[@parimalrahulgaurkhede222]

Loved it Can you make video how to save on mobile recharge i think that telecom companies are earning very much .they are cutoff incoming call if we don't recharge how to tackle that ?

[@sakshi9411]

Such an important topic 👍

[@Rajdsmart]

Great Topic !! learnt a lot of things !

[@ibrahimbakshi2007]

Please make more videos of reality of finance of supercars ❤

[@manojkumars2427]

Good Podcast. Is there a complete video to watch..

[@keerthivasan3643]

High economical imbalance creates lifestyle differences, If i want to tell a classic example, I would mention actor rajinikanth as an outsider i have seen him using only commuter vehicles like Honda City, Toyota Innova,Tata Hexa etc. but their adorable daughters uses only expensive models on all brands like GLS, URUS, 760li etc. So this small story tells us That it is all upon human's mindset whether what to buy or not. A hard working father at age of 72 thinks 20 lakh ₹car is enough to ride over city, Still their daughters who probably never went for a job still needs an 7series bmw to ride as their father earns a lot.

[@bhooshanvp]

Most interesting podcast 🎉

[@AdamMontoya6326]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Anna Williams

[@julienolke-vx5lk]

The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional.

[@FrankWilliams790]

Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.

[@DonaldHuge]

What impresses me most about Anna Williams is how well she explains basic concept of winning before actually letting you use her trade signals. This goes a long way to ensure winning trades.

[@karenrobinson598]

Isn't that the same Mrs Anna Williams that my neighbours are talking about, she has to be a perfect expert for people to talk about her so well

[@elizabethkarvelas308]

I'm new at this, please how can I reach her?

[@mohamedsanoob1434]

Sharans ability to navigate through complex topics and extract valuable insights is truly remarkable.

[@financewithsharan]

Thank you so much :)

[@manishnaik8783]

Agree

[@chefmnd]

great podcast. enjoyed it.

[@miteshchaudhary6592]

Amazing amazing podcast.

[@rajeshkamath822000]

Very good content. Unpacking it for the non technical people.

[@sureshroyala6296]

Informative. Good stuff

[@nikhiljain3917]

New cars getting more expensive is inflation, not appreciation.

[@ZioMatrix001]

To be successful in markets, traders should understand the crossover between asset classes & liquidity flow. Evelyn Infurna focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch.

[@BrianNicole11]

The best strategy to use in trading is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed, I'll highly recommend Evelyn Infurna, she is my current trader and her strategies are working

[@ZioMatrix001]

Run a quick online research with her name.

[@ZioMatrix001]

She's quite popular for her services. She can work with anyone irrespective of where you're located.

[@lucassilva-ib9rx]

You invest with Mrs Evelyn Infurna? Wow that woman has been a blessing to me and my family.

[@memikaoru]

Crypto has opened doors for global financial inclusion. It's time for a more equitable world!

[@dipak1293]

Watched non stop !!

[@kallachnadra]

Amazing knowledge and enthusiasm

[@tstcikhthys]

Why is it that almost nobody in India can get basic count words correct? It's not "lakhs" and "crores", but _lakh_ and _crore._ In the same way that one does not say "5 thousands" and "5 millions", one does not say "5 lakhs" or "5 crores". And 10:36 the symbol for "kilometres per litre" is km/l, not "kmpl" (which would mean "kilometre-picolitres").

[@nom.nom789]

Sad that Sharan has been reduced to cheap tricks like click baiting.. There is no info here that gave anyone any idea abt what ur caption Pic says.. So lame. This is how KZbinrs fall down after peak

[@anmolsinghgaba9666]

Really enjoyed this video❤

[@letstransform1012]

Amazing Insights 🔥

[@khurram4589]

Money is not meant to control people, rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place.

[@LydiaLopez-yh7wo]

Oh yea! Thanks dude, been looking on a way to get his contact. I’m happy I came across this now.

[@LoveYouEnglishLessons]

Loved it. I never knew any of these things before.

[@syedazhar8554]

loved watching this video!

[@financewithsharan]

Thank you :)

[@BikrantaMandal]

lovely content Sharan sir.

[@Joysonhd]

Very practical guy. 👍

[@georgekurian9]

Icici Lombard gives NIL Depreciation or Bumper to Bumper insurance till 10yrs.

[@karneetsingh8864]

This is actually the content what we want to see in an podcast rather than 2 people sitting in a room and talking about aliens

[@TheHasmukhmali]

😂

[@anantnd393]

Nothing wrong in that. You consume what you like, only.

[@sunnyramchandani]

That's Awesome content!

[@mahmadhanifchotaliya3946]

Wow ,nice interaction

[@Abhi_Art_2111]

Every car guy dreams to own these beauties.❤

[@financewithsharan]

Correct.

[@evolutionstudio1037]

Got motivated by watching this video❤

[@sanishchirayath4149]

If you have claimed the depreciations, then you sell it for a higher amount/same amount then it will be considered as capital gain, and will get taxed accordingly, right?

[@ItsKuver]

Thanks bro I understand cars much better now 😉 Edit:- Also understood the Henry Ford's quote - "If I had asked people what they wanted, they would have said faster horses."

[@kpb9010]

One look at the guy who is being interviewed and the little voice in the mind says "stay away". He has Mr. 420 written all over 😂

[@balesh_chemagination3359]

9:38 The laugh for no free service😂😂

[@SatyaVlogInKannada]

Very informative video Sharan, beep boop beep boop.

[@financewithsharan]

Thank you :)

[@SujitDas-ek6dw]

Amazing...................

[@utkarshdixit669]

perfect host and perfect guest . enjoyed every sec

[@drstrange404]

But after charging depreciation every year at 20%, how will one sell the car at the same price? Will it not be inconsistent with previously reported values after depreciation?

[@udhayakumarMN]

Car value appreciate in market You got 20% yearly depreciation for tax benefits.,..

[@munawaralamnewdelhi]

This person legit knows his stuff

[@Ak-pr1wg]

Is this a clip of a longer video ? Odd that this didn't start with an intro😅

[@iitian-hrushikeshpatil7430]

18:53 dubibudidubu

[@mrinaldutta1812]

Where is the tax part discussion teased in the intro?

[@mr.sarangkoli5064]

bro living my dream life!!

[@dad0g]

Happy for those who are able to get their hands on such vehicles and such life .. they would've for sure worked hard for it .. main apne bullet me theek hu ..

[@mayankupadhyay1059]

Well said though. RSQ8 is one of the most underappreciated luxury sports suv. One of my favourites over Urus

[@bhabhutiji1169]

Bmw X5

[@DeepanshuCodeDaily]

65 litre tank, 2-3 km average, so basically you have to fill it up after every 150 km?

[@idreespadela8148]

Don't know who the guest is, but love him

[@chaostheory0101]

More tha 60lac cars zero depreciation issue is a very valid point. Also wont that affect the resale value? I find it hard to believe becos selling a large ticket car is fraught with a lot of issues. Can you do a segment on how and when to sell a car for the best bang for buck. Its 4 years i know but a full format will be appreciated with this kind gentleman

[@arunkumars2928]

Hi brother, I have a doubt, I saw that during the month JAN, FEB, MAR of ever year the nifty50 performed negative, if I have invested during that months, only in a year, a bulk amount,for 20 years ,instead of normal sip, will i get high returns.

[@viragjain8299]

13% instead of 12.5%

[@akshayrajsheakaran8]

Very nice interview Sharon and Ramesh I just share to my friends this interview Complex things told in simple way Great video editing I love it

[@yuganshvirmani7958]

Fastest EV Hyper car is Rimac Nevera. Rimac is now a joint venture with Bugatti

[@kushagrasaxena9458]

Bro is a pseudo enthusiasts. He wouldn't know that. If an enthusiast wants a Bugatti, there's only one. The cheapest. Rest all Buggati's are the production game and that's all. Go buy a Chiron. Maybe a SS if you dig top speed.

[@exhibitmagazine]

@@kushagrasaxena9458 Get your facts corrected Rivac used to be one, also do you even know how many variants of buggati are there? its just not Chiron , Please get your facts checked before your call your self a true enthusiast

[@kushagrasaxena9458]

@@exhibitmagazine all current variants are based on Chiron. Same platform, same W16. The only difference between the variants are designs and production units. Go eat a brain somewhere else.

[@paarthd2]

@@kushagrasaxena9458 Can't believe how TG actually sold themselves to a chump like this.

[@saumabhobagchi5547]

​@@kushagrasaxena9458The cheapest Bugatti is actually an electric scooter

[@sansarbhandari3819]

Appreciating cars in the future are Ferrari 458 Italia. Ferrari 458 speciale. SLS AMG. GT3 manual. Gt4 manual. Svj.

[@potato_bear842]

And all other hyper cars like Pagani, Koenigsegg, Bugatti and more.

[@chhammadzahid-ks3fk]

it was superb and very interesting

[@iRushab]

Can someone send me the link to buy the shirt Sharan is wearing?

[@ariesaakash]

Didn't expected too see such content on this channel.

[@Sudhan_kishore]

Wo man not even a second skipped well scripted q&a👌

[@MuhammadQasim-id8fi]

4:50 and in our country Pakistan Urus will cost you around 25 crores and custom duty on import of a normel car is around 400% except sales tax,RD etc

[@edwinlawrence7694]

Hey i would love to answer your first question there are racing teams in india certified by the fmsci and fia who teach to drive a car or a bike faster the teachers themselves are champions of a racing league i am am member of prudent motorsport and i have a official racing license in india most of the luxury car owner might not know about these types of institutions but the right people are who to talk to who are aspiring to be a racing driver you can talk to jaime shaw he is a young talented racer and would love to see him in your podcast

[@edwinlawrence7694]

Please hopefully you read this comment cause the guy in your podcast gave wrong information about drift schools

[@edwinlawrence7694]

Drifting is not fast drifting is a controlled oversteer of the car drifting is slow it decreases your lap time and you wouldn’t want to drift your car of u wanted to go fast. ability to do something doesn’t mean u have complete knowledge about it

[@edwinlawrence7694]

I hope you read this i am hoping to see jaime shaw in Your podcast motor sport is a rising industry in india really very few people have knowledge about motor sport in india i hope your channel will hope to give knowledge about motor sport to your viewers

[@edwinlawrence7694]

The Ferrari you showed in the image was a la Ferrari is the la Ferrari would cost around 40 crores in India

[@edwinlawrence7694]

Top gear india ceo and still have no knowledge about the development programs from manufacturers😭

[@user-ib2to3bj5b]

I feel we should learn to make these super cars Why we are not making them when these many enthusiasts are ready to buy at 2 X price !

[@senotriusneo6354]

I think depreciation for cars is capped at 15%.

[@lakshnaramesh9733]

3:10 It's NOT rupees, it's quantity

[@waqaskhalid8295]

Good discussion loved it.