Checklist to buy your own SUV | Money Psychology

In India, owning a car is still considered a luxury, with only 1 in 12 people having one. This makes buying a car a significant milestone for many.
With over 65% of India’s population under the age of 30, it's no wonder that cars have become a popular topic. However, it's important to remember that much of our desire to own a car is fueled by smart marketing strategies.
In this video, we'll explore two crucial aspects to consider when buying a car:
The Social Side: How societal influences shape our car-buying decisions.
The Financial Side: How to assess what you can afford, ensuring you choose a car that meets your needs rather than just your wants.
Happy watching!
Pre-purchase Money Checklist: drive.google.com/file/d/1yoIx...
Car Affordability Calculator:
1. Click this link: docs.google.com/spreadsheets/...
2.Once the Google Sheet is open, click on 'File' and then 'Make a copy.' A new sheet named “Copy of Car Affordability Calculator” will open in a new tab. You will be using this to check the affordability status.
3. Fill in all the values in the calculator as explained in the video. The cells highlighted in “green” need to be filled in. Please note that this sheet is in an editable format. Any changes to the format or the formulas will alter the calculator's settings.
0:00 - Let’s begin
1:47 - Why are you buying a car?
2:27 - Buying a car because others are buying it?
4:20 - Why have SUVs become cheaper?
6:08 - Upsell effect
7:30 - Car affordability calculator
10:48 - Bloopers!

[@Zero1byZerodha]

Hey everyone, If you'd like to use our Car Affordability Calculator, you can find the link below. Please make a copy to use it. For detailed instructions, refer to the description above. docs.google.com/spreadsheets/d/17SM0nY5ChFvyXzDFPXK4fOyaJhDkD7zl53wLd8sAiCU/edit#gid=0 And make sure you subscribe to the channel for more such content!

[@FaintArt]

Hi, can you guys make a video on managing personal finance? I find myself overspending after starting to use UPI. Great job, keep it up!

[@MA72110]

The calculation is missing the sales after depreciation. Suppose the individual will sell the car after using it for 5 years with a depreciation of 50-60%. Hence, the total cost of owning the Car will be down by 30%. Any comments?

[@nareshvaluelabs6322]

The operational cost assumed just around 500km per month. But I think on an average it will be around 1500-2000 km per month.

[@up6427]

What has music got to do with financial planning ? That background music is highly irritating to say the least.

[@bsn90]

No one noticed that fuel cost cannot be Rs. 40,000 per year. You a have just multiplied fuel rate with months, not taking into account the consumption of fuel by the vehicle (Mileage). A 10 KMPL SUV will cost you atleast Rs. 40,000 PER MONTH, NOW multiply this 40k into 12. Got it?

[@rathinamtrainers]

Consider GST (48%) + Road Tax (20%) + Income Tax (33%) + Fuel Expense + Maintenance Expenses (Insurance, Service, Wash package, Accident repairs over insurance claim,...).... Decided to keep my 15 year old car for another 5 years 🙂

[@deepakm3668]

Prepare to use it for your lifetime coz world is gonna become more expensive to live, eventually..

[@akhilmittalji6816]

How did you apply for the registration extension?

[@vishwasreddy9742]

The car cost increase is not counted.

[@true_indian987]

Taxes are crazy in India.. and it has become even worse since 2014 ..it will become worse in future!!

[@soulful2665]

MS 800 here 23 year old still run like anything

[@nrbgamingYT]

This drops 4 days after I order my car and after a whole year of research.

[@TheGeorgeous]

As long as you didn't pay, you can reconsider

[@Ramgautam12345]

which car?

[@abhinandankaranth8597]

If you can afford it . Why not....???😅

[@varun2250]

Well it all depends on your choice of the car as mentioned in the video

[@roshanjethani6336]

Looking at your username, you seem like a 14 Y/O trying to look cool?!?

[@funnyguy0472]

Repeat with me, FWD sub 4 meter cars are NOT SUVs, just jacked up hatchbacks !

[@TheGeorgeous]

In India and on Indian roads those are SUV enough. PS : Thar is also sub 4 meter

[@funnyguy0472]

The Thar is atleast a RWD or 4x4, so it does qualify to be an SUV unlike others.

[@gsingh660]

​@@funnyguy0472Not all versions are 4×4 bro

[@naughtyUphillboy]

😂 CrossOver for comfort

[@naughtyUphillboy]

​@@funnyguy0472Now most selling, nearly 70% Thar are RWD😅

[@vinodr.g4665]

Some add ons from my side 1. Fuel cost is considered on the lower side for suv. It will cost atleast 1 lakh per year 2. Insurance cost too is on the lower side 3. Tyre needs to be replaced every 50k km. Replacement cost of 50k every 5 years needs to be added 4. Car detailing costs to be added 5. Car parts replacement cost ( expected after 7 years) needs to be added. And these are damn expensive. 6. Repair cost due to minor damage/ accident. Now the true.cost of ownership zooms.

[@nikhilhalyal1296]

I own a car from past 7 years and some one who tracks all the expenses I drive a maruti vitara brezza. I ride about 10k kms Max a year and get around 50k for fuel. Replaced my tires at 80k. Insurance cost is as per the video. I haven't done any detailing nor I have faced a accident. Since it's maruti replacement of car parts won't be much expensive.

[@rakeshkk3185]

True

[@cherianphilip4707]

@@nikhilhalyal1296 brezza is basically a hatchback tho

[@nikhilhalyal1296]

@@cherianphilip4707 ok boss not gonna argue!

[@Mrmaert]

1 lakh is too much you won't spend 1 lakh on fuel. hardly 10 % people do detailing.

[@VikasJaink]

This videos really make sense, I am posponing My car purchase from 2 years for the same reason, Once I really need car I will buy it untill then I will use my 2 wheeler.

[@shaileshbhat6131]

If public transport works well then you don't need a car

[@saketarora]

The only difference in me and Abhishek is that I do not have a guru like ‘Abhishek’!

[@sidmishra8252]

Issue is not with the car, issue is with the fuel

[@MD-zr8xi]

ya Piss should be the fuel

[@TheGeorgeous]

Thank you. Somebody said it. Once you buy and start driving. Every distance is automatically in rupees in your head. You'll reduce driving unnecessarily and wonder if the purchase was worth it

[@parjanya5968]

even bigger are the taxes we pay everywhere: when we buy the car (gst, cess), when we pay for fuel (excise duty), whenever we do servicing, etc 🙃

[@Johnwick78y]

If you can't foot the fuel bill, don't bother splurging on a car. Stick to what's within your means, like a Platina. It's absurd how folks scrape by on loans for cars, then gripe about fuel and taxes. Why dive into luxury when you can't keep up

[@Johnwick78y]

If you're too broke to fill the tank, just stay off the road. Stick to your lane, Platina's for you. It's a joke seeing poor people rolling in on loans, then moaning about fuel and taxes. Stop playing pretend baller when you can't even afford the basics.

[@ModestYouTuber649]

One thing that I've come to understand over time is knowing your 'Aukaat ' at each and every stage of your life. And that 20lpa figure which you quoted is made by a select few that too in IT industries..Rest all industries,govt jobs even people in medicine make way less in the early years of their working lives for them to afford a SUV.

[@vedantmungre1702]

Trueee

[@anakingaming3687]

Was missing Abhishek in last few videos. Badiya aadmi h, we have common interests and financial condition

[@rohitpromise3815]

badiya aadmi ki english nhi aati kya

[@anakingaming3687]

@@rohitpromise3815 Bhai isko Hinglish kehte h, which is very common in cities. (I did the same here again). Aap kbhi Sheher aao toh batana, will teach you.

[@yogeshsharmaiitbhu]

I can't afford a car worth 2.92 lakh a yr after grinding for all my life , but need to pay 2.96 lakh as taxes which also i can't afford 🙂

[@arjunn6816]

You brought out the BS of this video properly.

[@ashwina.vardhan5831]

this is exactly where business owners win and individuals (salaried) lose. A business owner can expense this car to their company and get a tax write-off, but an individual would have to pay it as income tax no matter what

[@Guyridesolo]

The only thing stopping me from buying SUV is my 'Gareebi' 😅

[@atiquesiddiqui6327]

😂😂😂Nice one,,,,

[@nishanthn6543]

Actual video starts from here 6:30 😂

[@piyushgupta1606]

Thanks 👍🏻

[@sumangupta7676]

thanks bhai.. u r angle

[@Johan-kb3lw]

lol bro angle or Angel 😂​@@sumangupta7676

[@deepeshsao1008]

I went to the Affordability Calc. straight away.

[@te098jgjgbjjkjkhk]

You don’t buy SuV and invest same money with zerodha etc. Then their owners buy expensive yatchs with your money. How does that sound??

[@praveeny3337]

Message is "buy a car which you can afford & according to financial status, not the social status".

[@naughtyUphillboy]

😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

[@gamesong6600]

It sounds wonderfool😅

[@mikek7174]

Investment never made zerodha rich but trading did.

[@HeyCoop]

Actually thses videos helping me a lot , im 22 and learning a lot through these videos, keep up the great work guys ❤️

[@Zero1byZerodha]

Thank you ❤

[@ambedkarambedkarjaybhim1504]

This is really practical things which is discussed here.... Today SUVs craze but notedown...after 10 years people will buy hatchback due to parking and maintenance issues...

[@amarnath4438]

Wow! this guy sounds like my dad. Thank you dad, I saved a lot of money and went with my fit in buying a car.

[@MazziniFan]

Buddy 😂😂😂

[@reticent8446]

😂😂😅😊

[@adithyanmb494]

The simplest method i use : If you can afford to buy a car 2 times , then you can buy that 1 car . It can be a bit over exaggerated , but it works

[@nivk9445]

Tbh it's the same with any purchase. If you're going to buy on EMIs, follow "If you can't pay the 5X that EMI, you can't afford that EMI".

[@soloflick6579]

if you can afford to live your life 2 times then you can live your life one time. :D joke!

[@daydreamers710]

That's what I always think when I feel to buy an iPhone with all my savings.

[@shridharvannam8408]

Same thought process

[@ujwalkuckian]

This method is best for buying luxury purchases but not for all the things.

[@karansmittal]

Exactly my thought process while buying a car

[@parasrshah9918]

This is very nice as being in business- we used to calculate on similar way , Moreover we need to consider - 1. when the car is to be disposed / shift in ownership . Ideally not more than 6 years according to us. 2. Resale estimate ( be very prudent ) 3. Buy new or Second Hand if it’s a Good deal. 4. See your actual usage of the car - KM per year and decide too - if high wiser to go with a low maintenance car brand like Toyota. Etc . And if usage is low see if you have to spend that much amount .

[@gauravSingh-ij7iy]

Great video. I have an emi free Hyundai nios grand i10 and I am absolutely happy with my small family.

[@sumitkumardhule1082]

Perfect timing.. was thinking about buying

[@binusam9437]

All videos are indeed very helpful. Thanks for making these. Thanks for the checklist. Awesome!

[@Mr.Siddhesh.Khandare]

What an eye opener 😅 thank you guys

[@chiragkeswani541]

Brilliant script and nice acting as well. Commendable how much effort you put to teach such basic finances. I am slowly getting hooked to your videos. Keep it up.

[@vnc59]

These videos are indeed very helpful. Thanks for making these❤

[@vmsrinivas6230]

The sudden craze for sunroof in every kind of vehicle shows how much our people understand the feature and the need for it. They are showing similar understanding in their choice of type of vehicle they want to buy. Happy days for car manufacturers , so easy to extract more money from customers who don't mind to pay for needless features as long as it impresses others !

[@aakashjain9392]

Kudos on the affordability part We own a Tata Nexon Petrol Top Model, Annualised EMI + Fuel + Service + insurance Cost +misc is 13% of my annual income and 7% of household income Plus SUV is not always the most comfortable given the higher Centre of Gravity

[@SiddharthBhadauria]

Nexon in not an SUV. All such cars are just hatchbacks on steriods.

[@sweettruth8039]

When did Nexon ( a raised hatchback) become a suv ?

[@shivammodi8551]

The issue is not with the car.. it's about the money you earn.

[@Commonman19000]

Happy wkth two oldies...one brio automatic and a dzire diesel... Both aren't giving any issues... Less maintenance... Will use them along along as i can

[@raghunath1612]

Car is an inescapable requirement for us now a days. These calculations are pretty decent.., like insurance, maintenance cost, emi etc. Have to plan a car practically, is that suits to our budget or not.. Good information 👌

[@hariprasadbolar7945]

superb , this is the kind you financial advice currently need . I am in my early 40's it works exactly the way you said . how you plan you 20's 30's really gives the financial independence when you reach 40.s

[@fadilrahman2157]

How much should be the monthly income in order to get a 5 Crore car ?

[@arcchitjain]

Wow...very well explained! Thanks for the info.

[@nithviews]

Just WOW! Another great episode, go forward and educate people more. 💯

[@saurabhmukherjee9757]

At least Some one telling truth for the first time. Thanks

[@25manishsingh]

The other doesn’t pretend to be dumb, but he actually is! They got a good deal!

[@dpaktyagi]

Prateek is a good guy he started an earlier platform for traders It's good to see a collaboration with nitin Kamath and prateek Hope to see him grow and succeed

[@togarladeepak7174]

Can you also make a similar video on owing a house in 20's Vs renting + investing some money into mutual funds over a period of 20 years , which eventually gives me the same house which I planned to buy in my 20's

[@AkashJobanputra5]

One point to take a note of if you're an employee, is to see if you might need to relocate to some other city or state. Then buying a home in 20s will cost you more as you'll have to pay Rent in the new city, as well as EMI of the house you bought.

[@shivendrasingh8484]

Thanks for putting it out! Enjoyed it

[@TheVRview]

waah bhai, Must needed video in current situation.

[@sauravraychaudhuri7474]

Useful information. Loved it. Will use the calcy

[@kishannageshshanbhag4359]

Great video thank you team!

[@im_karthik7]

This vedio has good explanation on calculation for buying the car over it's life span. Considering the financial aspects of the person this helps to find the price range of the car.

[@sandeepintown]

Absolutely makes sense

[@adarshagarwalla5554]

Thanks for sharing the calculator!

[@oneworldpeace1]

This is just INCREDIBLE - content!

[@santinama6069]

Thanks

[@user-gj5qg2sk2j]

I am glad that I bought a Hyundai Venue S(O) at 12.5L on-road instead of top-model which was going for around 14.8L on-road. I didn't go for DCT, instead went for iMT which solves the pain of driving in heavy traffic. I didn't wanted sunroof, Air Purifier and all other extras which weren't of any good use. Just because top-model sounds rich & luxury doesn't mean you have to buy it.

[@akhilmittalji6816]

Rule of 4: if you can afford 4 of sth that thing is affordable for you. But this rules doesn't apply for everything whicj you actually need e.g. a decent house. Also, life is not all about assets and liabilities, its for living and once in a while its okay to make yourself happy 😊, to nake your parents happy, your loved ones happy.

[@SK-ud3eg]

Excellent guys... Was in a pressure both inside and outside to buy an SUV atleast a compact one... Now I clear...😂

[@desidovah]

Man i just love this!

[@johnybrokeit]

Beautifully done! That was fun to watch. Funny screenplay and amazing animation too. Good insight. Thank you for this well done video.

[@arunghosh4230]

nicely done, thanks.

[@MovieMemez]

Great work , thank you for educating people 🎉❤❤

[@gauravdhawan7011]

very sensible , very informative, very relevant , Thanks , subscribed

[@alladapraneeth4450]

Can you make a video on "What to expect in 30s & 40s". What do you mean when life actually hits you and what are some of those actual joys that would be there in 30s and 40s for which we should plan

[@anmolnigam9409]

Marriage and having kids

[@shaileshbhat6131]

health issues

[@Chewin.]

More financial responsibilities

[@alladapraneeth4450]

In the video he has mentioned "joys in 30s & 40s". All of these are not joys na 😅

[@HariOm-cv3jv]

You are doing great work, eye opener video

[@ravitejaganni9759]

Awesome video bro... No one listens to me when I say this.. Its just awesome .. Im amazed looking at The calculations in my mind , on your video

[@nitinkamath.A]

❤great calculator...please share such calculators...

[@bobbyisac]

There is some abstract value to always having a safe commute option, the travels it makes possible and especially for enthusiasts, the joy you get out of driving. Most calculator see car as an appliance which is true for a lot of people. But there are a lots of exceptions in every case

[@Randomcomment7699]

One of the best video

[@_M_D_M_]

I couldn't afford SUV. Yet I took it. I want to feel safe and have better visibility in the circus of Indian traffic. I know money wise it's a bind but atleast I get my peace of mind.

[@amnhere]

Loved the video editing! Kudos to the editor! Especially at 00:21

[@akhilmittalji6816]

At the speed the roads condition is improving, sedans will be in fashion again very soon. I own both and I like sedan for its maneuverability and stability over a SUV any time.

[@simranjeetsingh6742]

I was so much like Rathore, damn this video blew up my mind , thanks a ton

[@vaibhavshinde4965]

Great video. Very informative

[@vedantmungre1702]

Sedan is actually pretty good. I didn't know when people began to like big SUV cars like those in America.

[@prithiviraj5848]

Very nice and conscious thing a typical Indian should be aware of . Bcoz success metric have changed to the model of the car an individual is having

[@mohitdaiya444]

Thanks for the video that success and stess is actual true buy luxury thing and hope that in future we earn more I am now learning the lesson 😅

[@indrajeetrai1561]

Great way of presentation. Makes it very close to reality

[@paul7m12d]

Thank u guys♥️🙌

[@nabin_gh4946]

Really helpful. Eye opening moment 😂

[@EXPLORADVEN]

👌👌👌 Valid video for a lot of reasons... Jub tak itni akal aa jaati hai, shakl kharab ho jaati hai, adhiktar ogon ka yahee rona hota hai 😛😛 I usually advise younger generation, life is not about a few sprint races, life is mostly about marathons & ultramarthons for years and years. Prize for winning the race is immaterial, satisfaction for completing the marathons while looking forward to the next one is amazing.

[@allenmano]

I llove the way you made the video, like a normal convo haha

[@Thedigitalalex]

Such lovely video

[@praveenbhatt6085]

Thank You sir 👍🏻

[@vijayaragavan440891]

Subscribed,, great content bros

[@codwzgaming]

Life is all about the Risk and Management of it. You need to take it, we all take someday in our life.

[@zeeshanahmed8595]

Excellent

[@SomjitNag]

I neeeded to see this video man! Thankyou!

[@Zero1byZerodha]

Glad you found this useful!

[@vinodpersistent585]

I like the way of explaining with comic and awesome editing

[@srinivasang1062]

Love this type of content. Keep making more videos.

[@Zero1byZerodha]

Thank you 🙌Stay tuned!

[@mahendras9238]

Bhaiyaji I earn 13 lacs per Month post tax 😂 , only have Activa scooty no car 🚗

[@matthaitm8945]

Very good advice.

[@tejbahadursjngh5958]

Following this channel is worth every second

[@tejbahadursjngh5958]

Like de Diya Bhai ne

[@saisindhugurram9834]

Want same video on buying a house......my salary is 50k and i am planning to buy a house of 1.5 cr 🫣....pleaseeeeeeee make itttttt

[@Vaddipalli]

If my salary 1.5, do not have dare to by 1cr house 😢

[@RishavBaruah]

Whats the downpayment amount and can you afford the EMI?

[@meghdoot8608]

I think the emi itself would be much more than your salary

[@ponssap]

Just go through financial analysis before you buy that house for 1.5 crore. From my side, I will not do that.

[@Boyinthecircle]

Let's buy a cycle guys

[@dhaksjaj]

Better for environment too 👍🏻😄

[@sharadrai6138]

I actually did buy a cycle after evaluating all the options 😂

[@Boyinthecircle]

@@sharadrai6138 How do you deal with heat & Speed & Long distance?

[@sidarthg2477]

​@@BoyinthecircleActually I have both a cycle and a car. So I use cycle when the climate is good or I want to go for a joy ride. And it costs crumbles maintaining a cycle. So yeah

[@sharadrai6138]

@@Boyinthecircle speed and long distance are not really a problem. Cycles can catch pretty good speed too and for long distance u have public transport. However, i don't ride in heat like we have right now

[@jaylalakiya]

Ur video editor is best in the country

[@harshithachar8186]

Learned something new 💗

[@mridulrathod3681]

Kushaq in background 🔥 🔥 🔥

[@shaikaftab1199]

It is Kodiaq not Kushaq. Looks amazing in that colour. 🔥

[@gaurrysharma7654]

Can you suggest that going for a second hand car is a good decision and if yes can you also share some formula like this to evaluate that ?

[@mirzashahnawaz2984]

Literally jisko suv lena hai uske paas itna time hi nahi hai ki ap ki ye video dekhe.

[@Jayraj.Mohite]

Disposable income 17L 15% of income can Affordable Then 15% of 17 L 2.55 L Total owning cost 2.9 So, he can afford this...... It is affordable for him.....

[@biswaranjanpattanaik]

I will prefer a pre-owned car.

[@World_of_aquatics]

Very informative content, my disposable income is around 18 LPA and I own an Alto K10 AGS since 2018, now everyone instigate me including my juniors at work to buy a bigger car. Considering my financial liabilities and city traffic I have a plan to continue with this car for at least next 3 years and then buy again a new car within 7-8 lakhs. Irony is I can see people are with disposable income of 10 LPA are buying SUVs with a hefty EMI and when I try to make them understand they always tag me as “Kipte” 😂😂

[@chetanyadav]

How did you calculate fuel cost? I think you should put modifiable fields there - Avg no of km drive / year, Fuel type CNG Petrol Diesel Electric etc, Car mileage for better results

[@LNJP13579]

The black tshirt guy's dialogs and over-acting(required as per theme) are awesome 😅. Edit - white one is also good 😊

[@Thebiologyguy]

Finally a good video.

[@mayursonowal601]

awesome video 👍🏼

[@user-hx9gt5mn6m]

Solution for the Problem is accumulation of Rs5 on every spend of Rs100. Accumulated money is returned in a systematic way back to consumers. Imagine its a 3 trilion economy now.