Get my new book ‘GET EPIC SHIT DONE’ here: ankurwarikoo.com/getepicshitdone Order my first book ‘Do Epic Shit’: ankurwarikoo.com/doepicshit For all of you requesting the excel sheet! bit.ly/bvrdrive
@viratforever213 жыл бұрын
Me and my father calculate these costs before buying . These videos are really helpful and quite easy to understand
@DEEPAKYADAV-dv4zh3 жыл бұрын
Cng me convert karke sasti pdti
@santoshkumar1153 жыл бұрын
Hi, can you make a comparison video on petrol vs ev scooter
@viqariqbal38873 жыл бұрын
Sir I disagree with 30k as maintenance yearly for a petrol car of hatchback..also ppl might not drive 2000kms per month with petrol car they might buy a diesel which give better mileage..also 23k is shown as ownership cost ..hiring is also expensive as 22k doesn't include petrol..ola uber is cheaper this i agree
@warikoo3 жыл бұрын
@@viqariqbal3887 You can change all these numbers in the excel sheet and see how it works for you
@rohitsoni93253 жыл бұрын
Two more point that you can add in CONS of not having a car: 1. You don't get Ola/Uber all the time. Specially in late night and early morning. 2. At the time of emergency, when we need to urgently drive to hospital/relative/friend, we can't rely on Ola/Uber.
@vivoajmerzone52413 жыл бұрын
Nowadays people are living far from cities due to high cost of owning a flat or renting .which makes owning a car is good decision. Moreover after covid personal car is also need of hour. And everything cannot be thought financially becoz u r earning to give itself a better life.
@STORM-nc3km3 жыл бұрын
Get the context
@skyHigh0083 жыл бұрын
Very good points... Really true
@ankit_singh27043 жыл бұрын
Also if it's raining , surge pricing becomes insane
@abhisheksharma6003 жыл бұрын
And most of the cabs drives rash and many are not clean very dirty. Ola and Uber many times charge higher amount like 1.3 x or 2 x.
@LabourLawAdvisor3 жыл бұрын
Loved it, I bought a second hand car last month😀 (maa baap ka sapna😂)
@akshitsoni63253 жыл бұрын
Congratulations sir.!!
@degfh20093 жыл бұрын
second hand car is a wise decision bro... i have too 😜
@simp_coder3 жыл бұрын
Money minded mandeep
@madhusudanthore7733 жыл бұрын
Good option
@vaastavikgaurav3 жыл бұрын
Achcha Sir aap yaha bhi 🙌 uska bhi ek video ho jaye fir Channel pe
@hheuhxjuhallmxvga3 жыл бұрын
Can we look at a video on "Spending on Marriage"? I feel that is the biggest emotional investment with negligible returns.
@Sheldonmiranda073 жыл бұрын
This would be a must watch request for all the youth in India and parents who prioritize in showing off and having the grandest wedding even if they are a pauper
@haresh35623 жыл бұрын
Totally yes! Much needed topic. That's a kind of wastage of money where in the family can utilise those lakhs of money in investing or saving it for a foreign trip for the couple!
@warikoo3 жыл бұрын
We all know the answer already :)
@darkwizard59433 жыл бұрын
Yeah thats a very good topic i also thought for that We need video on this topic
@divineray78223 жыл бұрын
@@haresh3562 The rituals in themself don't cost much. It's the desire to make it grand and blingy that costs moolah. And forget what older generation did, younger lot are also fanatics. Going for destination wedding, dance parties , almost making it a movie.
@saurabh291019883 жыл бұрын
When you are with friends and relatives and trying to book ola/uber like a jackass since 30 minutes, then these logic wont even matter.
@staycalm-sa773 жыл бұрын
Don’t forget about the last minute cancellation by the driver after waiting for cab to arrive for 30minutes.
@kashifsd173 жыл бұрын
Many times we get rude drivers too... If it rains or during office hours, its difficult to get Ola/Uber and when we get it, we have to pay huge charges. Even though its spacious and you regularly go with your car, many times drivers refuse to go in an alley...and consider you are with your family and its raining...all logic fails
@indigodream563 жыл бұрын
True that !.
@gunajitdevsarma3 жыл бұрын
Having own car adds lot of flexibility, which ola, uber or any rent will not provide. If you translate it to monetary value (assuming u can do that) one would definitely buy a car. There are many hidden reasons beyond EMI, Fuel and maintenance. Found this bit over the top
@siddheshana3 жыл бұрын
if only friends and relatives would contribute to the overall expenses :)
@akashkale31543 жыл бұрын
Jethalal already knew this, that's why he didn't buy a car yet😂😂😂😂
@almostcertainlynotapotato65283 жыл бұрын
Fun fact: in the FIRST episode of TMKOC, Jethalal tells Daya that their car has gone for repair. It was never mentioned again.
@mradulbhardwaj41343 жыл бұрын
I always think that they all are financially stable, then why no one have car… Except sodi as he having his garage !! 😂😂
@nabeelshaikh11033 жыл бұрын
Even taraak mehta had a wagon r and babita had a honda city
@mradulbhardwaj41343 жыл бұрын
@@nabeelshaikh1103 never seen in the show
@nabeelshaikh11033 жыл бұрын
@@mradulbhardwaj4134 in the intial episodes if you wanna see babitas honda city go and search it between episode no. 50 - 60. And if you wanna se taarak mehta's wagon r go and search between episode no. 100 - 115 where champak chacha is lost and jetha and taraak Mehta go finding him in tarak's wagon r
@chintubaba83623 жыл бұрын
You could consider making a followup video in favour of buying a car reconsidering following factors: 1. Resale price of car 2. CNG variant which bring down fuel costs 3. Business factors - it may not look nice to arrive at a meeting in Ola for discussing a client deal. 4. Outstation trips (though car rental is also option here) 5. It is better to cry in your own car rather than in Ola with driver consoling you ;)
@amanupadhyaynitk32923 жыл бұрын
It's better to have it in your own car too lmao
@mansiagarwal69043 жыл бұрын
If you are a garments shop owner, reply to me
@gohan129913 жыл бұрын
Don't buy CNG.
@sparsh55483 жыл бұрын
@@gohan12991 why?
@patni12345613 жыл бұрын
CNG cost increasing now
@jaiminmaurya11213 жыл бұрын
My father always considered second hand car And then he sells it after 3 years. So we get to own new car every 3-3.5 years at only 80k to 1 lakh price for 3 years. I think this is best way to enjoy your youth and also have financial stability.
@pravin31912 жыл бұрын
That legend do 😂😂😂 ❤️
@dangerboy2343 жыл бұрын
Sir with due respect lot of holes in the calculation, dont miss lead people.... 8.5k emi includes principal, aftee 5 years you own the car and sell it back at 2.5 to 3 lakhs... so money is not entirely wasted... My office is about 10 km... never in my life i paid anything less than 200 - 300.... so per km cost is 20-30 inr
@williammichael95372 жыл бұрын
Expect he's legit and his method works like magicI keep on earning every single week with his new strategy
@nancy19292 жыл бұрын
Thanks for introducing me to Mr Albert Renshu
@Luke-dr1re2 жыл бұрын
Mr Albert has changed my financial status for the best all thanks to my aunty who introduced him to me.
@Nathan-kk1bg2 жыл бұрын
Mr Albert Renshu he's obviously the best, I invested $3,000 and he made profit of $28,000 from my trade
@luckyhappy54852 жыл бұрын
Who's this professional everyone is talking about I always see him post on top comment on every KZbin video watched
@ameharmy22352 жыл бұрын
I think I'm interested how can I get in touch with Mr Albert Renshu
@hackbansu3 жыл бұрын
Most important financial thing is missing *TIME* When going for ola/uber you get a lot of issues with booking a drive. Many times it cancels the ride after few minutes of booking. Many times you get rude drives which even abuse for not giving a tip. Many times it takes very very long to book a ride and abnormal weather conditions. Most importantly, it almost takes 2 to 3 times more time to book a ride and reach to a destination compared to you own car for short distances. The times goes in slow booking, driver roams around with the car around your house but never reaches at the pickup spot, and the list goes on. *TIME is MONEY to me* so I prefer time over my money in owning a car.
@RohanKumar-xj2lu3 жыл бұрын
No doubt about that but think like this time spent at petrol station, searching for parking, for servicing etc. How do you compensate for these time ??
@IITIIMCouple3 жыл бұрын
They have ola select or uber priority something for this. You don't get peak pricing and you get first preference and best rated drivers. So if it's regular cab for you then go for it
@305itachi3 жыл бұрын
Exactly!!! The analytic doesn't take account of time and emotions most of the time. If I earn well I don't want my family to see others face. Also one should understand u need something in life to encourage u. It's all person to person. I would buy cheap new car rather than second hand. Mehnga roye ek baar.. sasta roye bar bar.
@dasamabhilash3 жыл бұрын
Uber / ola will get you pissed of.. when most needed... or else make you pay double or thires...
@perspective32763 жыл бұрын
Same reason why I got a vehicle for myself. Ola is so taxing on the mind... I found myself in a bad mood a lot.
@TechnoTweet3 жыл бұрын
I collected the money for 3 years first, then bought the new Honda City full payment no loan and I am satisfied by it. I love cars and I don't care about finance when it comes to cars and bikes.
@abhishek_raj3 жыл бұрын
Correct, some things in life should not be mixed with finance. If we just think about investing, we won't buy anything of luxury or comfort.
@mradulbhardwaj41343 жыл бұрын
It's my dream too to buy honda city & I'll buy that when I will collect that much amount.😁
@srinivasrao23073 жыл бұрын
I love cars and mad for cars, so i bought 3 cars in 4 yrs, innova, skoda, and Hyundai, i will purchase 2 more 1 is bmw and last is audi.
@mradulbhardwaj41343 жыл бұрын
@@srinivasrao2307 *one by one* or *together* ??
@whyzi61433 жыл бұрын
Same bro. Purchased my car after saving for about 3.5 years. Also worked hard and progressed in my career. Also made sure I had enough for emergency. No loan. No tension.
@AbhishekSharma-rz5md3 жыл бұрын
I don’t know where you are living but in Bangalore you get an UBER for 25km(average) at around ₹400-600, i.e. ₹15-25/km. Coz you don’t take into consideration the other charges. Can you get a cab late at night easily? many of the cabs cancel ur ride if you want to go to airport also. And lastly - 22k/month excluding petrol🤣🤣 And then hiring a driver 😝😝
@sumedhtambat50683 жыл бұрын
Agree @abhishek. Including petrol price it will go 34k per month. Also if we sell car, we will get back some money which is not in case of renting it.
@hairLayer2 жыл бұрын
This exactly what I was thinking 😂
@PramodSubramanyam102 жыл бұрын
Yup, the cost of UBER and OLA is freaking ridiculous. Thats y Bangalore is filled with 2 wheelers!!. Advantages of 2 wheelers- -> Can go on footpath 😂 -> Gives good mileage compared to car. -> Easy to manuever in Bangalore traffic!
@devermat2 жыл бұрын
Totally agree. You don't want to bang your head getting a cab late night after office. Time also has monetary value, people forget that.
@armaanalimunnai54633 жыл бұрын
Ankur is the Indian uncle we all wished we had :)
@arnabchatterjee2263 жыл бұрын
Y
@nidhiyadav88023 жыл бұрын
Please don’t say uncle it hurts...he is still handsome
@arnabchatterjee2263 жыл бұрын
@@nidhiyadav8802 app shadi karlo Ankur sir se😂😂
@KP-uj1iq3 жыл бұрын
Tu kya school m h kya ? 🤣🤣
@MrTiwari113 жыл бұрын
Ankur Bhaiya should be better 😜
@raghu_vamsi2 жыл бұрын
I use own car mostly for office (pre-pandemic) commuting and use quickride to share my ride. It covers 75% of my petrol expenses. Worked out very well for me!
@joannebonnett52232 жыл бұрын
*Despite the economic crisis, this is Still a good time to invest in stock and Crypto*
@georgeedward62462 жыл бұрын
The rich spend less and invest more,
@melissabrockman63972 жыл бұрын
Investing in these economic crisis will be one of the best thing to do,
@carlaalpentista4132 жыл бұрын
You're right I think stock and Crypto are the best to invest right now☺️
@ashleyulloalafrance23562 жыл бұрын
As stock's are good but crypto is better
@oscarmichaeltorres25942 жыл бұрын
I wanted to trade crypto but got confused by the fluctuation in price.,
@sha20223 жыл бұрын
You missed a point. Sometimes there are situations where cabs aren't a viable option-at peak times. Cabs are expensive and also difficult to find. You talk about how time equals money, and in this case a lot of time is lost. Having one's own vehicle gives a sense of security and saves a lot of time.
@Mamtasingh-ni2fp3 жыл бұрын
Absolutely B-cities me raat ke 2 baje kha se cab aegi, also in emergencies.
@ronighosh88673 жыл бұрын
Right . a srif apni batko asa rakhna chahta ha ki sunamya sahi lage asalme sahi navi ho ,ish ka target teenagers hota hai jinma Jadatar log non critical hota ha jin ka faida uathake ishbakti apna personal brand building , sells and marketing karta hai.he is a new generation Chester
@JakePeraltaaa993 жыл бұрын
@@Mamtasingh-ni2fp and in A cities, cabs are not safe in the middle of the night. He's got no point just Telling people how you can Eliminate every single Luxurious thing from your life and just use the money for bread and Butter.
@user-xbbsjsjsbna7773 жыл бұрын
@@JakePeraltaaa99 bhai Mai ek example deta hu Ji. Mere society main 80% log ke paas gaadi hai. Agar main kisi emergency main chahiye tho kisi se bhi pooch nahi Saktha kyuki personal gaadi ho gayi. Agar woi society ka common gaadi hai tho sabka Fayda hoga. Raat 2 Bhaje bhi use kar sakta. Car personal nahi sharing hi better hai. Emergency ke liye 3-4 transporters aur ambulance Walon ki number rakhlo. Daily work ke liye bus auto ya train use Karo. Is desh ko Bahuth fayda hoga Bina kuch Kare.
@JakePeraltaaa993 жыл бұрын
@@user-xbbsjsjsbna777 Bhai desh ka fayda aap hi kro hame zindgi jeeni h... ye bus train me zindgi nahi kaatni. Sbki apni apni soch hoti h. Yaha desh apko loot ta rhega aur ap uske fyde ke bare me sochte rhna.
@rohitpatel76203 жыл бұрын
Next time car sales down Nirmala sitharaman : Not Ola uber ankur sir video is responsible 😆
@warikoo3 жыл бұрын
Haha
@arnabchatterjee2263 жыл бұрын
Rohit bhai rocks😀😀
@RohitSharma-gf5yf3 жыл бұрын
😂😂😂
@Abhi-qr2dj3 жыл бұрын
@@warikoo sir what about the income of your driver you didn't added that and ha 5 years ke baad to per km cost kam ho jati he usko bhi consider nhi kiya plese make a vedio again on this topic.
@anushree93 жыл бұрын
😂😂
@vihari-rajupenmatsa48993 жыл бұрын
Subjected to correction bro😂 Final Analysis: cost of ownership after 2 years. Rent a car: 4,80,000/- Hire Ola/Uber: 5,76,000/- Own a car: 3,00,000/- Let's assume as per your example KMS commuting in a month: 2000 Calculate for 2 years Rent a car: For you it's costs about 10rs/km In a month: 10*2000= 20000 In two years : 20000*24= 4,80,000/- Hire ola/uber For you it's costs about 12rs/km In a month: 12*2000= 24,000 In two years : 24,000*24= 5,76,000/- Buy a 5lakh car as per your example: Monthly EMI: 8500/- Monthly Maintenance: 2500/- Monthly Petrol: 12000/- Monthly Insurance:1000/-(you haven't added but let's calculate) Monthly Opportunity cost: 1000/- In a month: 25,000/- In two years: 6,00,000/- After two years you have an option to sell your own car and calculate 10% depression every year. 5,00,000 - 1,00,000= 4,00,000 you should get back in worst scenario your car has some issues and it sold for only 3lakh. 6,00,000-3,00,000= 3,00,000/-
@ankitmittal66363 жыл бұрын
Spot on dost!!! But nowadays people just get dragged on headlines and clickbaits with any Funda...
@hardsvilla62823 жыл бұрын
Rental car petrol is not included
@vedant.patil83 жыл бұрын
Absolutely correct.
@tanmayhaldar75653 жыл бұрын
You have not finished paying your EMI if you choose to sell after 2 years..... So the amount you get in hand will be much lesser than your calculation
@vedant.patil83 жыл бұрын
@@tanmayhaldar7565 please show us tge calculation
@17nirmalya3 жыл бұрын
Two places where I cannot agree with you; 1. Monthly maintenance of owning a car is INR 2,500 !!?? I have been driving a Ford for some years now. My average annual maintenance cost is around INR 5,500. 2. You have done a comparative study upto year 5. But what happens after that? The thing that happens is that one doesn't have to pay the EMI anymore! Then your cost of owning a car becomes way insignificant than getting a taxi / car rental.
@sambodyhere3 жыл бұрын
Yes sir.. I agree with you. Financially hiring a car makes more sense.. But as you also said, and i agree to it... Buying a car gives you: - sense of pride - fulfilling dreams of family (parents, wife, kids) - Safety - Convenience in short and long trips - sense of ownership - family trip - emergencies - etc I think, when you are young, you should rent car and house. But once you reach a level in life, then buying an own car and house is always good.
@prann20103 жыл бұрын
When you hear such things from a CEO of a company then we as a mere mortal should avoid showing off . Thank you Sir . Always inspiring .
@warikoo3 жыл бұрын
I am also a mere mortal :)
@MrMiyagi0053 жыл бұрын
@@warikoo He's trying to say mere mortal with less money 😉
@somkashyap97853 жыл бұрын
@@MrMiyagi005 with dramatically less money 😆
@almostcertainlynotapotato65283 жыл бұрын
@@somkashyap9785 With mind-bogglingly drastically overwhelmingly the-I'm-living-in-poverty-level less money
@HeartistMurali2 жыл бұрын
Mr. Warikoo is a millionaire mortal. Money control says he earns 12 crores per annum.
@santunubhaduri53533 жыл бұрын
Iam working as a govt.school teacher for the last 12 years..I dont have any bike or car.I use public transport and Iam happy with that...😊👍
@nilu8113 жыл бұрын
Sure. Plz also keep just peice of cloth for daily use. U will stay more happy. Live like Mahatma Gandhi .
@santunubhaduri53533 жыл бұрын
@@nilu811 dont compare me with gandhi.Iam just trying being frugal.
@nilu8113 жыл бұрын
@@santunubhaduri5353 yes Gandhi was also one. I know a state government teacher. I know him for 25 years. I see just one piece of Shirt and pant for last 25 years which he wears everyday going to school. Same old chappal repaired 200 times. His hair r full of dandruff. I don't think he ever uses hair oil. Same like u.....not even bicycle. House he lives in was built by his father. The son studies in private school ( govt. School teachers never teaches there children in govt. school) . He has never bought a small cricket ball to play as his father never pays . All money goes to bank. Entire family is so thin. Live like human being man. Not like an lizard
@viveksingh-rb1fz3 жыл бұрын
@@santunubhaduri5353 agr Tu paidha hi nahi hota toh tera sara kharcha bach jata aur tu zada happy rehta public transport b use krne ki zarurat nahi padti😂
@santunubhaduri53533 жыл бұрын
@@viveksingh-rb1fz bachkana aur bewakoofi bhari batein mat karo bhai...bike aur car jo nahi chalate unka koi value nahi hota kya?
@parthoroy50443 жыл бұрын
Buying a second hand would also be a good decision!!
@maneeshk64373 жыл бұрын
Nope
@parthoroy50443 жыл бұрын
@@maneeshk6437 why?
@rajatkumaragarwal15633 жыл бұрын
Additionally using CNG
@abhijeetbhowmik22643 жыл бұрын
In long run, a second hand car would make you lose more money than a new one. Not to miss the fact sometimes a person is so unlucky, he buys a tin box in the name of cheap second hand car
@akashdasoz_yt3 жыл бұрын
Maintenance is higher in old car compared to new one
@thakurshouryapratapsingh35063 жыл бұрын
मुझे 2nd hand/Used कारों के विकल्प के बारे में आपके विचार जानने की जिज्ञासा थी। प्रयास कीजिएगा के कृपया इस विकल्प पर भी वीडियो बनाइये। धन्यवाद।
@amit_sainii3 жыл бұрын
Yes us car ko bech kr apna paisa bhi recover kiya ja sakta h
@_knowhowto3 жыл бұрын
Brother second hand car log kyo bechte unme kuch kharabhi hoti h tabhi bechte hai ab us car ko aap kharidoge to aap uski servicing ke itne pese de dego jitna car ka actual price nhi h
@Zaydfarogh3 жыл бұрын
Hume bhi yahi janna hai
@Ajaykupekar3 жыл бұрын
आपके गाडी का ड्रायव्हर का खर्चा 22 हजार रेंट मे इन्कलुड है क्या ? क्या उसका खर्चा अलगसे देते है यह भी क्लियर नही हुआ और पुराणी कार खरीदना और विकेंड लॉंग ड्राईव्ह के बारे मे बता दे प्लिज
@kushagrabachhil20602 жыл бұрын
@@_knowhowto 3.5 lakh me achhi gaadi mil jaati hai and koi bhi owner mna nahi krta apna mechanic bula kr gaadi check krwane ke liye .Gaadi dekhni aane chahiye achhi gaadiya bahut hai market me .
@chrismorgan20003 жыл бұрын
The real source of inner joy is to remain truthful and honest.i thank Helen Walker for her honesty and trustworthy...
@Geekie2943 жыл бұрын
Finding the best person or best organization to invest your money is one of the most important financial decisions, Helen Walker is one I have seen.straight forward, honesty and trustworthy person.
@janemunsey97533 жыл бұрын
The older I get,the more I see a straight path where I want to go.if you're going to hunt elephant, don't get off the trail for a Rabbit, Helen Walker investment is was what I have been finding for years.i thank my friend Phillip for recommended Helen Walker investment.i will be everly be grateful to Helen Walker for her honesty and sincerity
@melissajeffrey943 жыл бұрын
@@janemunsey9753 you are very right Ms, Helen's investment had help me so much especially my studies fees,may the Good lord bless continue to bless you Ms Helen.
@REACH-HER.0N.TELEGRA3 жыл бұрын
I have always wanted to invest, but I'm very inexperienced.i even watched some video yet difficult to understand.i'm so much interest and in need of an expert.
@sophiaava20843 жыл бұрын
I have been having losses on my trading, please someone should link me to this Ms Helen's investment.
@sahilsingh45293 жыл бұрын
I have made a habit of finding out the rental yield of properties, and on my last visit to Vasundhara, Delhi NCR. I was astonished that my friend's rental property was generating just 0.16% yield. It was a paradigm shift for me. Thank you for such simple yet powerful content.
@swapnilsapkal43 жыл бұрын
Loved the way you explained it in such a simple manner! I myself bought a used CNG car just for fulfilling the emotional aspect and sold it after 5 years of decent usage. I use cabs for relatively long distance and my motorcycle for short distances! At this point I really feel that the notion of owning a car is a scam!
@aditigupta14733 жыл бұрын
I made my mummy see this video.. when he talked about investing the 1 lakh down payment money, she said "itna investment kya budhaape mein chhaati pe sajaake rakhenge?" 😂 She's not wrong 😂😂😂
@puranjanprithu63373 жыл бұрын
Bhai bhai bhai🤣
@sachind40093 жыл бұрын
😂 shi kha ye pura shi bhi nhi bol rha
@swethapavani71853 жыл бұрын
😂😂😂
@swethapavani71853 жыл бұрын
but budhape me khane k liye kuch ni bachega to bheek mangna padega. u will have lots of time after retirement. but no money. agar us waqt apke pas pesa ho to u can travel world. live a beautiful luxurious life. she is not wrong. but money is needed even after 60 to live.
@soberguy29133 жыл бұрын
@@swethapavani7185 as per your logic, aaj se aap sirf daal roti khana, why waste money on other foods. Daal roti is sufficient ,healthy & will save lots of money :)
@reyazk082 жыл бұрын
I have actually evaluated both owning and subscription options and honestly the only positive of the subscription model is that you can upgrade easily however cost wise owning becomes much cheaper. Also maintenance for most is hardly 5k to 10k annually. 1 more important factor is that apart from the petrol, all other costs remain almost the same from year to year when you own a car whereas, your subscription cost is most likely to increase everytime your lock in ends. All in all, subscription is only a good option when you want a car for short term (say a year or 2).
@sa.34573 жыл бұрын
Per month charges of renting a car (i20):22 k rent+ 13k petrol +10-12 k driver salary equal to:35 k per month 35×12 months equal to 4.20 lakh 35×30 months equal to 10.50 lakh Sir 2.5 saal m khud ki gaadi aa jati itne m Or aapne rent p le rkhi h, nayi ko 3 saal k baad bech bi skte ho for almost 7-8 lakh ki bache 3 lakh means 1 lakh per month means 8k per month Buying a new car:8k+12 k petrol+3k service charges equal to 23 k per month Renting a car:35 k per month Kaha h sir aaapka math of financial advise 🤣🤣
@SaugataChatterjee8193 жыл бұрын
Nice logical video. I do want to add on a point that there's another factor which many people may want to consider while taking the decision - Family Emergency. Finding a cab in the middle of the night when your husband/wife/parent/child needs to see a doctor or rush to a hospital may set you in a frenzy
@samirvishvet3 жыл бұрын
I don’t agree with the calculations, he has not calculated the resell value, also the cost of traveling when you want to go on a vacation out of town, he calculated everything but petrol for the cost of renting a car, it’s not sensible to rent a car.
@tushargarg.73 жыл бұрын
Yes. Also he only calculated the Cost after 5 years. If we maintain a car it can easily last 10 years and After 5 years we dont have to pay for the emi. This channel is only for dumb wanna be smart peoe
@mihirshroff69113 жыл бұрын
@@tushargarg.7 exactly
@nosom73 жыл бұрын
Strongly agreed.. paying 22k per month for rent and petrol.. aur last me resale bhi nahi 😂
@YourEverydayGuide3 жыл бұрын
Exactly! I completely agree with this point. Cost of renting is way higher than owning a car. It wastes a lot lot of time waiting for Ola and Uber and specially when it is a peak time in Delhi & NCR very frustrating.
@Tenohekabanzai3 жыл бұрын
BUY A CNG car
@shrenikchoudhary3 жыл бұрын
While the world is confused between two options, introduce them to a third near-perfect solution! Great video, Ankur!
@warikoo3 жыл бұрын
Haha - thanks Shrenik :)
@swapnil07083 жыл бұрын
@@warikoo Sir please, make videos in English. So we can get it in better manner.
@raidon9483 жыл бұрын
@warikoo no sir..pls keep posting in hindi only so that ur videos can penetrate more in Indian towns
@kiranmahamuni13903 жыл бұрын
@wariko I live in rural areas and Car is big prestige symbol. How can deal with this???
@droidgyan72053 жыл бұрын
@@kiranmahamuni1390 rent a car from local garages . or buy a second hand car with full payment
@ShaileshDwivedi13 жыл бұрын
Add one more point for buying a car When in you are in emergency situation and Ola Uber drivers keep cancelling your ride
@buddylove79353 жыл бұрын
This is the same thought process I have @Ankur. Same calculation I ran my husband and family through. I feel confident and proud after watching your videos about my financial literacy.
@d2y_dx22 жыл бұрын
He is financially illiterate.
@buddylove79352 жыл бұрын
@@d2y_dx2 I think it's about what are your priorities and how do you decide to take a step. If you have any video that can help share it here and we can comment on how we feel just the way we did here
@marurram Жыл бұрын
@@buddylove7935 Such a cool reply to a blunt comment. World needs more people like you. :)
@shirazkhan053 жыл бұрын
Perfect presentation with Calculations. That is more convincing and differs you from other youtubers. Keep the same approach sir.
@warikoo3 жыл бұрын
Thank you!
@arnabsingha11333 жыл бұрын
but sir if we buy a car we can make money through selling that car after 5 years....okk it will be depriciated but it will have same money and mostly greater than 1.1 lakh so basically ola,uber or buying is same the difference is the free driver
@joshfootieloud3 жыл бұрын
Thank you so much for this. Not to be cheesy but you're like a father I never had. Wish my dad taught and explained me all this.
@MickeyAppy3 жыл бұрын
Father???
@deepakrastogi6722 жыл бұрын
वाह बेटे मौज करदी।🤣🤣😆🤣
@kaustubhkejriwal1563 жыл бұрын
What about reselling the car, a car bought for 5 lakh can easily be sold for at least 2 lakhs even after 5 years. Ola/Uber make no sense to me for everyday use.
@muhammadmanna39653 жыл бұрын
The invested money grows each year But the car Depreciates every year. After 10 years at 10% return the 1 lakh will be 250000 but the car value after 10 years will be way more less than 2 lakhs
@sumankumarbhowmick23833 жыл бұрын
I sold my first car 7 years back. I bought that for 5.7L and sold it for 4L after 5 years. With that, I can say this calculation misses a big part. Along with that my wife tried to manage with Ola Uber to commute to her work which was 15 kms some time in past. It was horrible. A little rain and she would be stuck for one two hrs before she could get a cab. She was frustrated like anything that time. Calculation with cab and all looks good on paper but in reality things are quite different. Long term renting looks reasonable to me.
@chandrashekharwaghchaure42462 жыл бұрын
Hi Ankur , I think one more option you must add , “ why we should buy a Car “ coz we can rely on our own car in medical emergency , we can’t depend on Ola and Uber specially when we have kids and senior citizens at home
@melinasimranserrao61713 жыл бұрын
Thank you for explaining meticulously the options available, also for clearing it out how it would be a personal choice perfectly suiting/beneficial for one but not the other. This is what makes your content more wholesome and relatable!
@vedant.patil83 жыл бұрын
We should consider one more point which is Freedom. If you own a car you can plan a trip any day anytime. And it's way way useful in emergencies.
@bhabanitripathy67413 жыл бұрын
I don't agree on this point. You can rent a car anytime for a trip and to that to which ever car you want.
@vedant.patil83 жыл бұрын
@@bhabanitripathy6741 No! Consider I book an Ola for tomorrow but I don't know how's the driver or is the car in good condition or not. Same goes with zoomcar, We don't relly know about the condition of car. and most of the times on urgent bookings you end up paying more and dont event get the desired vehicle. Imagine I have only 2 wheeler and there's some emergency at 2-3 midnight, Should I be searching for a ola or uber at that time? That's why now days car has become a necessity atleast for those who can afford it. Will be waiting for your reply! ;)
@ksathaiah70993 жыл бұрын
For emergency ambulance is always Der
@beenagautam76763 жыл бұрын
yes, i don't know, finance is like postponing everything in the name of investment?? what to invest for if I'm not the one enjoying my hard earned money?? Ola uber sucks sometimes as they don't arrive on time, don't go to your location, or keep cancelling until you finally get late for that important meeting. I am a commerce student and i do understand opportunity cost clearly, but i would not put all my emotional comfort aside like blasting my car with my favourite music, going on rides when its raining, pulling off a road trip mid of the night, or in general enjoying with friends. These little moments is what i call life cuz i got way too depressed watching these videos that demonstrate the importance of investment at the cost of life-long struggle. Investment is for sure important but putting our life on hold to enjoy the basic things is where i see capitalism winning.
@vedant.patil83 жыл бұрын
@@beenagautam7676 That's absolutely true. Even I'm a commerce student. Infact last year only I bought Ecosport.
@hritikray90873 жыл бұрын
Sir I have a genuine query if we would always take decisions based on financial interests, then what would we do with the money that we've saved. I mean we're investing money just to create more wealth. So when should we spend it? It is a genuine query and in no way I'm disagreeing to the content in the video.
@kalpeshkalal77363 жыл бұрын
Spending it wisely on the things u need and enjoy. Like family vacation etc.
@AnimalKing-n2k3 жыл бұрын
Agree with you.. we earn for our convenience and comfort.
@priyankagarwal92663 жыл бұрын
u can spend the earned money on something that is value adding like going on long vacation and not worrying about the cost of the vacation!
@Dr.PK183 жыл бұрын
@@kalpeshkalal7736 what if the person enjoys driving ??
@darkhorse67743 жыл бұрын
You can use it in situations like funding your child's education or something that interests you. There's a concept called FIRE ( Financial independence and retire early). All this money you save can give you the freedom to retire early or start your own venture.
@maheshgate72472 жыл бұрын
I have been frequent user of ola, so some corrections 1) You can run your car on CNG( all ola car on cng) which will gives you average around 25 to 30 km per kg, so basically 50% drop on running cost 2) ola or uber charge around 20-25 rs/km And on peak hours it goes to 40 rs/km also 3) you can always get 2nd hand car from good vender. So that way your intial cost reduced, your running cost reduced.
@vivekbharti38152 жыл бұрын
Let us do a quick calculation - If you rent a i20 for 22k per month then for 1 year it would cost 2.64 lacs and in a matter of 4 years, the car rent alone would be 10.56 lacs. If you would have bought a new i20 for 9 lacs On- road on 7 lacs loan with 10% interest for 4 years, you pay additional 1.52 lacs on interest making the cost of car as 10.5 lacs similar to renting a car. For additional 10-12k (Max) you can get your car serviced yearly. *The BEST part is you own your car and can sell it in 4 years for 5 lacs approx making the effective cost of the car around 6 lacs which is way cheaper than renting a car.* I understand your perspective but in this scenario buying a car seems more sensible and if you buy a used car, then that would be the best decision financially. Feel free to share your opinion.
@shaktibrotomandal58483 жыл бұрын
On of the few channels from where i can learn something new everyday in a very methodical and calculative manner...Its a request ANKUR SIR to make more videos on Investing , Prospects of Entrepreneur in India especially after the union budget of 2021 , Long Term career prospects for mid 20's for future and many more.... Loads of love and respect from KOLKATA.
@warikoo3 жыл бұрын
Sure
@kashishmalhotra61653 жыл бұрын
A point that I believe hasn’t been included is the resale value of the car. A car can be sold for 25-30% of the On Road Value which could reduce the overall value of the car. Though, I personally also believe that renting a car is a better option, atleast for me.
@abhayjoshi44793 жыл бұрын
Well if you invest that lets say 1 lakh in stock it has resell value and most likely if you invest in a good stock it's (resell value ) will be higher than Purchase price :)
@umangku993 жыл бұрын
ola/uber is perfect for city use only but there's a need to have a personal car if one lives in villages or travel from cities to villages once a week or so. Ola uber drops to village/other small cities but doesn't pickup. So for the convenience having a car is good option like in emergency situation when one has to rush to a hospital, you can't afford to wait for an ola.
@haresh35623 жыл бұрын
That's what he said, it's more useful if you travel very frequently. If your city has good public transport then there is definitely no need to purchase a new car, or worst case go with the second hand car.
@umangku993 жыл бұрын
@@haresh3562 ola/uber is mainly in tier 1 and tier 2 cities, rarely in tier 3 cities or villages. India is way to big and although his point is good but even living in a city where ola uber is operational, a few times I really miss having my own car, there have been times when the cab was delayed and cancelled when needed to reach somewhere urgently. But overall ola/uber have been a revolution in India. I use it whenever possible.
@haresh35623 жыл бұрын
@@umangku99 Absolutely true, there is no point denying the fact that the level of convenience you would get owning a car is way greater than ola/uber any day! But if you are economically strong enough to manage all the ownership cost then you should not look for any other option but own car. His analysis will be helpful for those who are from middle class, have multiple other options to travel and still want to buy a car!!
@YourEverydayGuide3 жыл бұрын
During this super hot time of the year. I take my car to buy groceries, vegetable market, nearby market to buy stuffs for home and everything else. i don't think one would ever hire an Ola or Uber for this purpose. Way costly. Video and the topic is amazing for a debate and nothing else.
@prafullashelar69972 жыл бұрын
Theoretically correct but practically challenging. 1. Now a days Ola Uber is like local auto wala they deny ride any time. 2. Small cities don't have this option. 3. Sometime its a Privacy issue
@user-ef9si8ob2t2 жыл бұрын
Thank you for your comment.👆Contact the Whatsapp Line above for more info and advice, I've something new to introduce you to.
@akashdasoz_yt3 жыл бұрын
Kids: Buy car Men: Hires a car Legend: Opt car rentals Ultra Legend: Buys Taxi 😆😝
@technicalast2333 жыл бұрын
powerful Ultra legend : uses platina 😂
@akashdasoz_yt3 жыл бұрын
@@technicalast233 😂😂👌🏻
@technicalast2333 жыл бұрын
@@akashdasoz_yt 😂😂
@harshadparab20423 жыл бұрын
Double powerful ultra legends : uses Activa 😂👍
@technicalast2333 жыл бұрын
@@harshadparab2042 Antique Ultra Legend : Uses Atlas with electric motor😂😂🛵
@nithinrao34353 жыл бұрын
Never clicked on a notification so quickly!
@warikoo3 жыл бұрын
Haha
@nagch64013 жыл бұрын
@@warikoo So true...guess it was first time ....getting a feeling from heart to search for subscribing and notify button and I did it...
@kumargaurav34773 жыл бұрын
Well balanced video.... Throughout the video I was thinking, what about emotional side of this and at the end it was addressed and an alternative way was also suggested. This made me to comment on this video. Well done, keep address all the concerns. Being financially right is not always right option, this is life and we have emotions that need to addressed as well.
@thilakdesingh2 жыл бұрын
1. Buy a car 2. Tie up with Ola/Uber, Hire driver and pay EMI (Earnings > EMI) 3. Use for personal use when needed, and earn at the same time. 4. Save earnings & buy another car Now you have a travels as side hussle
@stock_suryawalker98682 жыл бұрын
Thnx, Mr.Warikoo. Leaving a note: Being a hardcore car enthusiast myself, buying a car vs renting all boils down to emotions. If u ask me buying a car is a necessary evil. But it is to be noted that everyine's situation and conditions are unique and needs to make a conscious and balanced decision upon it. Sit down make some charts people then take decision.
@avinashbidkar62263 жыл бұрын
How the hell you read my mind always, just 30 mins before I was discussing this same topic with my friend and then just opened the KZbin and there you are with a proper satisfying answer Thanks
@warikoo3 жыл бұрын
Thank you
@palabinash3 жыл бұрын
Instead of taking a loan invest money & then buy a car from that money.
@rohitkumbehera3 жыл бұрын
totally agreed. buy a car with the profits from investment
@ankitshaw64913 жыл бұрын
But its gonaa take a lot of time
@palabinash3 жыл бұрын
@@ankitshaw6491 Stock market.
@Abhishek91803 жыл бұрын
This video inspired me to make some calculations😅 My Dad own a Xuv 500 for last 7 years It’s odometer is at 2,50,600 some KMs Taking avg price of diesel 75rs🤷🏻♂️ and mileage 12Kmpl Which comes out to be around Rs.15,66,000 for price of diesel in 7 years (which obviously includes 1 year of covid) And total cost of the car it self is about Rs.16,00,000 Lastly the maintenance cost Rs.4,00,000 Total = 15,60,000 + 16,00,000 + 4,00,000 Total = Rs.35,60,000 Comes out to be 14* rupees per Kilometre!
@warikoo3 жыл бұрын
Exactly
@abhishekraj7193 жыл бұрын
then he'll sell the same car for 7-8 lakhs. What would be rupees/km, Let us know that too. Also price of diesel 5-7 years ago was like 45-50rs, why u've taken 75 rs an average.
@anshulguptain3 жыл бұрын
@@abhishekraj719 Warikoo bhai ko khush bhi toh krna hai...
@abhishekraj7193 жыл бұрын
@@anshulguptain Plus ola uber me waganor chalte hain, n jab kharidne ki baat krte hain to price i20 ka compare krte hain... hadd chu*** hai
@mrd80992 жыл бұрын
Toh alto kharid leta if u r worried so much about mileage and maintenance and if safety was not priority
@Manish792 жыл бұрын
Gaadi kharidna hain ki nahi? Agar lena hain toh kyon lena hain? 🏁 Second waali gaadi kya jyada better option hain? Daily Drive Kitna kms gaadi chalani hain?? (New Car ki jhanjat Insurance + Registration+ Road Tx + Parking 🅿On Road Price)
@Rashi043972 жыл бұрын
Petrol price now is 117.. great difference from that day price
@saradindudey50113 жыл бұрын
Recently one week ago I bought a car as per my 10 times in hand salary monthly and trust me sir I did this same calculation considering these factors and still I have managed to manage all my expenses and savings while maintaining the all car related costs, though it was my emotional decision cause we don’t drive daily neither we need, but in a way I am happy 😎
@VASUKIRAN19943 жыл бұрын
Nice video, Ankur! I also wanted to add a time dimension to this thought process. Let's say one wants to purchase a car, use it for 4-5 years(same time frame as you mentioned) and then sell it. Do you still think that buying a car would be an unfavorable option in that case? I haven't done the math, just speaking hypothetically. I actually agree with all of your suggestions, no doubt about that. At the same time I'm also curious to know how this dimension adds to the overall thought process.
@ZantoshGaming2 жыл бұрын
Hey Vasu. I was thinking the same and here's the math I had on my mind. 1. Say, you purchase a Hyundai Grand i10, my fav small car for 8L on-road all inclusive. 2. Say, you made a down-payment of 2L and took 6L loan for 5 years at 8.5%. 3. You'll be paying an EMI of 12,310 per month. Total interest on this is 1,38,595. You'll end up paying 7,38,595 overall for borrowing 6L. 4. Since we're in a pandemic, not all offices are open. Most are WFH. If you are from this audience and say you're having to drive occasionally only around 500km a month, so spending approx. 3200 a month at an average mileage of 18kmpl at an average petrol price of ₹112 over 5 years. 5. Since first 3 services are free for 24,000 kms or 2 years, you're only spending bare minimum for servicing in the first 2 years. 6. It is only from the 3rd year that labour kicks in. And servicing happens only once every 10,000 kms. So, the cost for Y1 = 186120, Y2 = 186120. From Y3, you're typically spending only around 5-6k if you are servicing once every year. Y3 = 191120. So, overall cost = 945600 for 5 years (add another 40-50k to this for petrol and any basic spare part replacements). Say, you clocked 50k kms in the last 5 years and you plan to sell the car after paying off the loan. Now, your car will fetch you around 4L to 4.5L in the used car market because the demand for used cars is incredibly growing and the Nios is sure to fetch a pretty good price if the maintenance has been top notch. If the car was sold after 5 years, your overall cost of ownership 11,45,600 - 4,50,000 = 6,95,600 for 5 years or 11,593 per month. Of course, I haven't considered inflation and the value of currency dropping due to that. This means that your EMIs will become cheaper for you over 5 years since your salary gets hiked. But it also means that the 450000 is actually 450000/1.20 (considering 20% overall inflation in 5 years) = 3,75,000 is the return on your car being sold in the used market. If you have the money, go for peace of mind. Get a new car. If you have less money and have ways to deal with surprises, go for a used car. For me personally, I am seeing more value in a well maintained used car.
@gunjanmaitra76253 жыл бұрын
Actually sir after 5 years of my EMI mera gari tab sirf petrol, maintenance and insurance kahi kharcha mangegi and I think it would be quite a money saving option as compared to Ola and Uber.
@laalgoli82173 жыл бұрын
10 saal me to gadi purani ho jayegi
@JakePeraltaaa993 жыл бұрын
@@laalgoli8217 a good car usually okay for like 12-15 years if used properly. He's actually correct.
@larsonralphpais82303 жыл бұрын
Correct ma'am....this guy has got absolutely a wrong calculation....its actually not a calculation...its called discouraging...this is a dream of almost every person in this planet....if you maintain the car you can use it for 15 to 20 years straight...there are people still driving the good old Fiat and ambassadors.... Maintenance cost goes high if you drive the car like truck drivers...learn and develop your driving skills and love your car... saves you lots and lots of money....and fuel...
@nightcoregiyuu13 жыл бұрын
@@larsonralphpais8230 he is telling truth,but you are good
@JatinKothare3 жыл бұрын
For Renting : 22000 per month and Fuel cost of 2000 Kms would be Rs 40000 ( considering Avg of 12 Kms per Litre for Rs 95/ litre) so effective Price would be Rs 40 per Km For Owing Car : If you consider Resale value it comes to Rs 25 per Km on higher side going by your calculations. So practically Owing a car is better option.
@nobhonilgupta96563 жыл бұрын
Sir Having your Own Car Is Very Convenient and Comfortable, In Case of Bad Weather, Ola Uber is Not Always Available, or they Show High Rate, Secondly U have To Stand For So Much Time and Wait for Your Car, And there R so Many Miscellaneous Problems in OLA Uber .... Earlier I Didn't had a Car, Now I Have A Car, i Can Easily Feel the Difference....
@abir955713 жыл бұрын
me trying to understand all of it even though i take 80rs train pass per month to travel to office lol
@warikoo3 жыл бұрын
Wise choice :)
@JakePeraltaaa993 жыл бұрын
and what life is this? if you have to travel by Local train everyday among those sweaty people? Some things are meant not to be mixed with finance. Don't get me wrong but if your budget allows to buy a car or bike of your choice and still you don't buy it and rather invest it... then what's the use of that? You earning for yourself right now or your future children and grandchildren?
@abir955713 жыл бұрын
@@JakePeraltaaa99 well I earn enough to own a car and a bike at once but I come from a humble background and I prefer to keep it that way . It helps me to keep myself grounded
@JakePeraltaaa993 жыл бұрын
@@abir95571 being humble is a state of mind. Even Many Celebs and Sportsperson are Humble and Down to earth but still drive fancy cars. It's all in your head. If you think owning a car let alone a simple one makes you "NOT HUMBLE", then it's good that you don't wanna buy a vehicle which will make your life simpler, Will bring joy everytime you Take it out...
@abir955713 жыл бұрын
@@JakePeraltaaa99 materialism never end being "simple" ... It just grows from Xiaomi to Samsung to Apple , better curb it in the xiaomi phase
@sumeetsinghal52223 жыл бұрын
I remember reviewing my my uber and ola bills - they typically come down to 18-20Rs/km. Uber has stopped showing the number of kilometres travelled in their receipts to hide such higher per km costs.
@amrit56793 жыл бұрын
Meanwhile Elon Musk: Sala,ye log toh 5 lakh ka gaadi chalata hai mera 1 crore ka gaadi kaun lega bey
kya bey bey laga rakha hai. Saale bolna to seekhle pehlle.
@kabirnayak94252 жыл бұрын
Thank u sir I have learned lesson by spending few lacks unnecessarily Now am using small hatchback polo vw car which is loan free (so no interest and no emi burden) Now am investing in stocks of Bharat petroleum and hpcl so I can earn dividend and spend on fuel
@animeshpanigrahi50533 жыл бұрын
Sir, you know what these huge amount of knowledge jo aap rozana youtube prr free of cost de rahe hai hume, sir hats off to you ! You are my greatest motivation !! I see u as my ideal
@damansharma56533 жыл бұрын
Yeah but if we sell the car after say 4 or 5 years at 40% of the initial cost, I guess buying a car becomes a better deal. It is good financially as well as fulfill the dream of having your own car. That being said, a pretty helpful video by you Sir.
@tauqir_admani3 жыл бұрын
Yes I was thinking the same. Why wasn’t this calculated
@shivsharma65113 жыл бұрын
Yes you’re right.
@lavishagera13023 жыл бұрын
Did you take in account the inflation?
@kartavyaprasadvlogs80563 жыл бұрын
@@lavishagera1302 dude how much will it fluctuate
@abhishekraj7193 жыл бұрын
Sir! with due respect, all the companies including zoomcar or what so ever works for profit. U're paying them 22K a month and they've given you asset of 9 lakhs. If they've invested 9 lakhs on a car and have to make profit out of it then obviously it'll be paid from ur pocket. So is it really a wise decision????
@BabygirlDhani3 жыл бұрын
Rental car = 22000 monthly + Petrol (2200 km ×100) As per your calculations = 242000 ur monthly car expense!! ( driver salary not calculated) A very exaggerated calculations...and 100% wrong advice ur giving! If Daily u have to commute 80-100km then it's always safe to use public transportation or move near to your workplace.
@AnuragSingh-yb5ng3 жыл бұрын
this is exactly how my parents planned.in their early 30s despite both of them having a relatively good job till their 40s they didn't buy any car. only invested in plots and golds(as they had no idea about stock).our first car was when my father turned 45. today they together earn properties worth 3 crore
@Imuser123 жыл бұрын
how old is your dad?
@aviralmittal893 жыл бұрын
One cost factor that is completely missed here is: If you don't own a car, whether it's Ola or Revv, we are liable to pay commercial toll tax at every point. For example, if I am travelling between Delhi & Ghaziabad, I will have to pay 100 rs MCD tax, every time I am coming back to Delhi. Similarly, even toll tax on National Highways is more on commercial vehicles.
@biswasmitlenka3 жыл бұрын
Worst Theory According to the Scenario if we rent a car The avg KM we travel is 2000 Kms Per month so if rate of per KM price is 10 Rs on an avg its 20,000 per month The Price per year is 240,000 The price for 5 years is 1,200,000 The possibility that we can get a cab in a rainy season is near to impossible. Owning a Car is the best option.
@ankitverma17903 жыл бұрын
I think you missed the value of the owned car that it will still be having after five years. may be very less but still.
@sammys52433 жыл бұрын
This is an extremely well articulated video..Covers everything and more with the 3rd option...Good Job Ankur 👍
@abhishekraj7193 жыл бұрын
Sir! with due respect, all the companies including zoomcar or what so ever works for profit. U're paying them 22K a month and they've given you asset of 9 lakhs. If they've invested 9 lakhs on a car and have to make profit out of it then obviously it'll be paid from ur pocket. So is it really a wise decision????
@Akshay-oj3oc3 жыл бұрын
Me watching this video while not having money, investment, car, even having to think twice before hiring a taxi.. like wtf is going on bro😂
@hertranquiltales28253 жыл бұрын
😂 😁
@harikrishnanr10763 жыл бұрын
Owning a car is still a better option. Ola and Uber are not available all the time and it's rate changes depending on the peak hours. Sometimes they are very expensive. Also, what if some emergency comes and you wanna go somewhere urgently say to a hospital. At that time you can't wait for an uber cab to come. Think about a situation where you want to go someplace for a vacation. What if Uber and Ola are not available in that place? Renting a car for the long term isn't that of a good option either. When you have ownership of the car, you can sell the car whenever you want and get a new one. Resale value is not considered in his analysis.
@raviroshan39042 жыл бұрын
Sir i dont agree with you first time. 22k a month for 4-5 years can make you owner of a decent car and most importantly you will have a good resale value.
@suneetkhokhar87313 жыл бұрын
You are making us quite intelligent as per the business side of things is concerned , thank you Mr Warikoo
@abhishekraj7193 жыл бұрын
Sir! with due respect, all the companies including zoomcar or what so ever works for profit. U're paying them 22K a month and they've given you asset of 9 lakhs. If they've invested 9 lakhs on a car and have to make profit out of it then obviously it'll be paid from ur pocket. So is it really a wise decision????
@HarishankarBhatR3 жыл бұрын
Request you to add excel sheet for this. Thank you for quality content !
@RohanWaghmare2 жыл бұрын
Subscription cost 22000+ petrol cost 12000 = 34000 you are monthly paying for 2200 monthly km. Hence the cost of ownership is ~16rs/km is for you.
@VLOGOUR3 жыл бұрын
He pays 22k for only car rent and for petrol (2000km) + driver (8000-10000)= 20000-22000 so total cost is 44 thousand which is much higher than buying a car. And total cost he paid per year is 5,28,000 and the amount he will pay in next five years is = 26,40,000 and In 7 years 36,96,000.... So what is this, we can buy a new car of 5-6 Lakhs at down payment of 1 Lakh plus 8,500 emi and other expenses it will cost me around 7-8 Lakhs including petrol cost, in the next 5-7 years... And at the time of emergency I can take my vehicle Where ever I want to.... So that's the actual point... Thik about this guy's
@abhinoysinha61033 жыл бұрын
nice points Ankur, i think its better to stay near office (for migrant workers), use a two wheeler or public transport for daily commute, and occasionally hire ola/uber for going out with family. Buying a car makes sense for ladies working late at night/if you stay far from office (& public transport is not an option)/if you need to drive a lot. I have been working across different cities since last 10 years, and have managed very well without buying a car.
@iamprakhar13 жыл бұрын
Sir it's not 10/km for rentals but approx 20/km in tier2 cities altleast, considering sedan and 18/km considering wagonr😅
@AnubhavShrivastava3 жыл бұрын
All the best waiting for ola/uber when you have emergency or injury. The driver will keep on cancelling the ride.
@behindthering3293 жыл бұрын
How poor people manage this issue ???? How to manage emergency in case of punctured tyre? .....What if someone is injured on vacations, should he/she comeback home first to take car.....These issues are rare.
@mohitjoc253 жыл бұрын
all the people who have emergency they have car?? For that purpose ambulance is their with proper equipment which is necessary in emergency condition to reach hospital....
@AnubhavShrivastava3 жыл бұрын
@@mohitjoc25 in india except 5-7 top cities you won't get public transport or govt services as promp. Also you would also agree how many times ola uber cancel the ride if you want to go where they won't get return trip. Point is if you can afford, then get at least second hand.
@rohitsoni93253 жыл бұрын
@@behindthering329 They really can't! That's the reason you hear things like man died before reaching hospital or condition worsen coz many hospitals decline the admission. What's the point of having money if they can't be used in emergency situations to help our loved ones.
@rohitsoni93253 жыл бұрын
@@mohitjoc25 This is India bro. You can't really rely on ambulance when at the time of emergencies many hospitals even deny the admission of patient. And I'm not sure but I don't think the hospital denying the admission to patient will let you have its ambulance to transfer patients from hospital to hospital in a hope that next one will be ready to admit the patient. Not saying everyone must have a brand new sedan but one should have a second hand hatchback atleast which you can get in range of 2-3 lakhs also.
@Indiawins99 Жыл бұрын
Additional cost is 1) Every year we have to pay car insurance premium 2) Depreciation cost
@wariko1 Жыл бұрын
Thank you for your comment.👆Contact the Whatsapp Line above for more info and advice, I've something new to introduce you to.
@yuvayana2 жыл бұрын
Dear Sir, Jitne aap rent k de rahe hain uske according dekha jaye to aap ek used car le lete 2 saal k paison me. 22000 x 24 = 528000, 5 Lakh ki aapko kaafi acchi car mil jaati jiski monthly EMI bhi approx 18000 k aas paas aati. Bache hue 4000 aap Car ki maintinance me khrcha kr dete. 2 saal k baad Car aapki ho jaati aur us 5 lakh ki car ko aap bade aaram se 350000 ka to bech hi dete. in 2 saal me aap maintenance me 1 lakh bhi khracha kr dete tab bhi aapke 250000 ya ek car to rahti hi. Short term me rent fayde ka sauda hota hai lekin long term ke liye to own krna hi best rahta hai chahe car ho ya property.
@sarthak.agrawal.2723 жыл бұрын
I'm just thinking what I have to earn to pay 22,000 rupees to rent a car for a month and what warikko earns so he is capable of renting a car
@prabhavvb3 жыл бұрын
Superb in -depth analysis, Ankur. But you missed on the insurance costs (but I'm assuming its included in the maintenance costs)
@maneeshk64373 жыл бұрын
It is there in on road part
@arnabmondal92313 жыл бұрын
Sir, I think we should also consider the resale value around 1.5 L. Correct me if I am wrong. Thank you for this video.🙂
@skullshotgaming71692 жыл бұрын
Cost of owning a car in this video are over exaggerated. For the first time I don't agree with warikoo sir. I have a car of 12.5 lakhs bought last year. It is an off road car and the monthly expenses are not more than 25000 including petrol. Emi 21000 + Petrol 4500 approx for full tank. No expenses above that. Servicing cost is 650 once in 3 months which I have excluded. And the experiences it is giving me each outing are priceless. I am learning new things with those experiences so it is kind of an investment as well for self development. If you rent the car, trust me you won't get the freedom and flexibility of owning a car. Don't go with what's suggested in the video, you will regret or rather will not know the benefits of owning a car. Plus many points of owning a car are missing understandably because warikoo sir don't or didn't own a car. And his point of view is of renting than owning. So it's a kind of a one sided view.
@Atul_Bhardwaj3 жыл бұрын
Why i prefer my own car(my father's actually). 1. Sometimes the driver cancels the cab. It could be because of his mood or because of short distances. 2. Mini cabs are not available and have to book premium or luxery cabs. Costs more. 3. Cab isn't available near you. Have to wait in sun and could make you late if you're in hurry. 4. The company whose car i have claims a mileage of 30kmpl, but i have got around 29 in highways and that too in CNG. So it's pretty affordable. 5. You just want to go to drive with your spouse or girlfriend, you can't ask driver to let you drive and him to get out. It's good though if you want to have fun behind the driver😁😜. 6. You just want to go to drive on weekends. There were few more examples in my mind but i forgot rest while writing above examples. Keep in mind, these are addition to the examples he told and i did not repeated what he said.
@samriddhijain16513 жыл бұрын
A delhi metro traveller & non-earning student watching this like 'hmm interesting'
@Siddharth942053 жыл бұрын
True ... i am the second one but having a startup and looking to raise!
@saikrishna82113 жыл бұрын
The book "Rich Dad, Poor Dad" should be a mandatory read for all citizens. It just gives the principles behind financial thinking.
@parthoroy50443 жыл бұрын
Imagine owning a luxury car in loan!! 😱😱
@akshitsoni63253 жыл бұрын
Status driven society doesn't care untill they get the attention
@JakePeraltaaa993 жыл бұрын
if you have a good business and You can afford the emi very easily then what's the harm? Many Companies or businesses buy car In the name of businesses to get hefty discounts and Tax savings. And If they are able to pay the emi Every month without any hardships then there's no harm in buying a luxury vehicle on loan.
@JakePeraltaaa993 жыл бұрын
also, car loans in india are in favour of the Consumers. After Home and Education loan, car loan is the lowest in indian market. even if you have full cash to pay for a car, it's always advisable to buy on loan... you can checkout Mycarhelpline's video on this topic.
@sagardam29893 жыл бұрын
Driver is a hugely important thing. At least what I feel, time is most important asset. One can invest his own time to his work while sitting in an ola or uber (depending on the type of work). Or at least you can relax to get energized to work more after travel. That is impossible for self driving.
@dreamlenstv3 жыл бұрын
Plan your budget and take a used car instead, which I do and ask my employee to follow (Buy this on cash). Sell the car after using it for 2 years at almost the same price on which you bought it (Is possible if you really understand the market value and demand of the car). Get another Used car - Repeat. I purchased USed i10(2014 model) in 2017 at 4.10 lakh and sold it at 4.05 lakhs in 2019 Purchased Used i20 (2015 model) again in 2019 at 4.95 lakhs (With updated TAX) and using it. If you check OLX, I can still sell the car at around 5 lakhs no matter I have paid the road tax additionally.