Checklist to buy your own SUV | Money Psychology

[@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?

[@ShiruKa6322]

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?!?

[@aryadave8832]

My father says buy car worth 10% of your liquid assets. Like If you have shares and FDs worth 1cr buy a 10lakh car not more and trust me its really a great advice. I'm a huge BMW fan and my father said when you have 5-6cr worth assets then buy it...chasing that target.

[@kusharora1435]

i actually came to this conclusion myself - and i am happy someone else also thinks the same

[@nayan9672]

Aise to kuch le hi nahi payenge

[@pratikwankhede6218]

Cars are disproportionately more expensive in India. I totally agree about the part of affordability and how it shouldn't eat into much of your savings or EMIs eating into your salary but the actual upper limit of how much should be a bit more relaxed in context of India.

[@rishikeshlal9276]

What a comment💯🔥💥

[@abhijeetchavan13]

Very nice thing explained🏆✅ Now ask your father How much to spend on new car of holding investment based “Real assets like Farm, Plots or flat apartment like Real estate”🙏🏻 I’ll wait for your father’s reply.

[@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

[@rathinamtrainers]

If possible, buy a second hand car for around 1.5 lakhs. The safety and comfort of small can't be provided by 2 wheelers. Even 15 year old MS 800 is ok.

[@thematchless97]

​@@rathinamtrainers but the catch is you won't get a good condition second hand car for 1.5 lakhs. . 😢

[@rathinamtrainers]

@@thematchless97 Choosing a second hand car is always a tricky business. Always go for simpler cars such as Naturally aspirated petrol cars. These engines are easier to service/recover (5 k). Replace 4 tyres (25k). Service suspension and AC (20k). Within 2 lakhs, you will land on a usable car.

[@str8ryder007]

@@thematchless97 Depends on what you want. If you are willing to settle for an omni or an alto you will get one in 1.5 lakhs

[@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

[@rathinamtrainers]

@@ashwina.vardhan5831 True, Business can take advantage of depreciation. Leasing through business is still better.

[@NOZZZZYY]

Don't forget, you will also never enjoy the value of the 2.96L tax you paid. Cause even though India is making strides in AeroSpace, Defence and Nifty is at a new high everyday, ultimately the infrastructure and standard of living here for the common man is not moving forward. Which will eventually eat your mental health and in the long term your physical health. So YAY!

[@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]

😂😂😅😊

[@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 🙃

[@cbazxy2697]

​@Johnwick78ystop with the elitism, this is not blind hate it's criticism(thls is good). You act like a sheep, blindly obeying and doing as "master" says. When one already paying income Tax and is expected to again pay half the price of fuel as tax then they can complain, this ain't no fucking rocket fuel. Use your own logic on yourself, if one should not talk about things being expensive then you should just watch the video and stop replying to comment you don't like, just ignore them. It's not like your opinion is that important that people need to hear.

[@cbazxy2697]

​@Johnwick78yyou ain't no baller you are a sheep. Fortunately you have the choice to change that or keep being a sheep

[@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.

[@umeshmehta18]

😂😂

[@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 ?

[@saketarora]

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

[@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...

[@VarunTomee-kr6nf]

It is already happening to much big cars makes more pollution and take more space

[@SWAPNIL._.12.X]

​@@VarunTomee-kr6nf that's not how it works. All cars have to go through same emissions regulations. Big cars are good for big family.

[@VarunTomee-kr6nf]

@@SWAPNIL._.12.X it works the same way bigger car with big engine produces more emmisons just like truck and bus emmit more emmisons and also more congesting in cities.today we have nuclear families in cities

[@SWAPNIL._.12.X]

@@VarunTomee-kr6nf yeah but they are still following regulations of how much maximum emission they are supposed emit . These regulations are gonna be lower by time which is gonna lead to less overall pollution by vehicles at least. Electric buses are taking over so that is fine . For trucks it will take time. Having some extra seating capacity is never issue.

[@katyarkhukri7003]

The majority of the cars labelled suv are actually hatchbacks!

[@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

[@rishabhbhandari5211]

True max to max 12 lpa in medicine field in early years. Some places even lower.

[@ModestYouTuber649]

@@rishabhbhandari5211 if you work as a JR in Delhi / PSU companies only then you'll make that amount..all other places give you 6lpa and you'll need to work 2shifts to make 12lpa

[@yashk9]

Even in IT only 5-10 % people make that amount with just 2-5 years experience. For most the growth will be linear.

[@srinivasan2208]

So all the big suvs on the road driven by youngsters are all having generational wealth

[@shivammodi8551]

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

[@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 !

[@thedeadwalkingguy]

Over extend that argument.... Clothes also mean nothing....we can wear simple / plain clothes... Social status/ trying to look cool and all....makes us do funny things

[@VarunTomee-kr6nf]

Sunroof is used only for show off your head outside 😂😂😂 nothing else

[@VarunTomee-kr6nf]

​@@thedeadwalkingguyit is illegal to take your head off sunroof outside the show off gone now

[@adityadutta8598]

I don't have a sunroof car. But I would want a sunroof not for the sunlight but for the roomier feel. I know I will never open the sunroof for sunlight for sure.

[@kathange_10]

@@VarunTomee-kr6nf exactly

[@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 ❤

[@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.

[@str8ryder007]

@@mikek7174 exactly..what i wanted to say

[@Guyridesolo]

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

[@atiquesiddiqui6327]

😂😂😂Nice one,,,,

[@rinchentmg21]

😂😂😂😂😂

[@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” 😂😂

[@rajeshrkale]

Kipte means what?? 🤔🤔

[@adityadutta8598]

Very nice. Stick to this until you really feel the need to upgrade. I upgraded from a 12 year old Indica to an XL6 5 years ago only after my family got bigger.

[@rajeshrkale]

@@World_of_aquatics kipte means what???

[@economist84]

Kipte is a Bengali word which means kanjoos in Hindi, or miser in English. Driving an Alto with a ctc of 18 lakh is not probably a sign of kiptemi, but of a prudent mindset 😊

[@aqz5905]

Everyone needs a car nowadays, and we live around 60 years. So, buy an affordable car and enjoy it with your family and friends. Don't think too much.

[@saisrinivaskeshetty5902]

Whether you are going to buy car or not but this conversation has so many details ..and it is super cool 😊

[@Zero1byZerodha]

❤️❤️

[@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 ?

[@rajeshrkale]

​@@SiddharthBhadauriaHe didnt claim Nexon as SUV. He was just telling buying SUV will have higher CENTRE OF GRAVITY point from Road surface

[@pandarusfox]

nexon is a shitty car by any standards

[@iamSubrat_Sahoo]

Thank you Zero1 for clearing what should I do with my money rather than buying a car? A big Thank You and Hug. Love you .

[@XxPREDATORRxX]

skip to 7:30

[@Cosmo_Tale]

Thanks😅❤

[@mpss-41]

Nicely curated video. Keep it up. Society is pushing us to buy things which are 'wants' (SUV, iPhone, international trips) and due to affordability via EMIs, we are moving to more materialistic.

[@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.

[@arunpremkumar3920]

Perfect - I am saying exactly all these for years to my friends. Everyone use to say that I am heavy negative person. Leave all the financial side, 98% of my friends who where using xuvs are driving it like Maruti 800. Saving the vehicle from all the road pits, looking at the speedometer, not even that going to hill station by synthetic road can cause stress on the engine etc... It's ok I am no one to comment on all the material things. Including me 99.9% people are living others life. Alakh Niranjan 🙏

[@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 😅

[@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 .

[@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.

[@mystifyingdude]

Recently got stuck in Bengaluru water logging, I really felt happy that i had creta. Sedans are great, but Indian road infrastructure is just not good for it.

[@abdulhassansayed6099]

I have a 20 lpa job i use my 110 cc jupiter scooty for office where i save my fuel costs and my traffic time by half an hour and use my baleno on weekends as simple as that i love tata harriers safaris so some times i go to showrooms and test drive and enjoy and leave it there only

[@vishaldeshmukh3021]

Bhai Baleno build quality worst hai

[@adityadutta8598]

Waah....yeh sahi idea hai. I wanted a bullet and I didn't want a bullet, so I would once in a year rent it for 2-3 days and get over the itch. Great suggestion. I'll go on a test driving spree now.

[@nayan9672]

Baleno doesnt suit 20lpa

[@abdulhassansayed6099]

@@nayan9672 yes thats the point we r all craving for status

[@humblepawn873]

Bro you deserve at least Brezza....After all if you are earning 20 LPA how can you ignore safety ? What's the point of earning money then ?

[@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.

[@RavindraKumarAmara]

Ten years back...we were having Ritz, I 10 range cars. Those are affordable. That golden era is no more.

[@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 👌

[@samiuddinkhan5958]

Very true. Well explained in a lucid and practical manner. The affordability calculator is really helpful. I own a premium hatch back, 8 years old. Plan to keep it for another 7 years and then i would think about switching to SUV. Car should not be bought impulsively but based on affordability and real need.

[@vedantmungre1702]

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

[@rajeshrkale]

जबसे नं 2 का ज्यादा पैसा आने लगा

[@rajeshrkale]

जबसे नं 2 का ज्यादा पैसा आने लगा

[@nayan9672]

There are no affordable sedans which also have good engine

[@prasadvsp6454]

Good one. Now one would think of checking in an unregulated used car market which has exponentially increased. The fun is used car dealers are quoting atrocious prices too which eventually forces most to just buy a new one for peace of mind. Yeh desh kabhi sudharegaa nahi..

[@sarathchandrarepaka9595]

Loved this topic I was thinking to upgrade my polo to 3xo which comes around 17 lakhs and this calculation makes lot of sense

[@Vignesh-yv6ct]

why dont you buy mid variant it cost 11 lakhs onroad

[@TheGeorgeous]

not Mahindra bro. They are horrible to deal with. You'll feel it more coming from Volkswagen

[@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

[@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.

[@minnininja4777]

Thanks, saved a lot of time 😂

[@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

[@mananshah3620]

Yearly maintenance cost of a 20L car can never be 20k normally. Plus the insurance keeps on reducing and one buying a 20L car wont pay just 3L as DP

[@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.

[@LalitKumar-cs8ey]

Meri annual income 60 lac plus hai..and I drive a wagon R. Recently bought a baleno. I'm happy😅

[@pranayr9284]

Well done brother ❤

[@siddharthsharma1950]

To isme flex karne wali kya baat hai

[@LalitKumar-cs8ey]

@@siddharthsharma1950 kya pata..khud samjho

[@pawarom_0790]

Chilla chilla ke sabko income batade

[@LalitKumar-cs8ey]

@@pawarom_0790 galat batayi hai..tu samjha nahi..

[@itsnavneetr5525]

I am sure abhishek is smart with his finances. But the persona that he is enacting to is exactly how a lot of us Gen-Z think 😂 we all need a mentor like Prateek in our life. Amazing content guys, keep it coming!

[@mridulrathod3681]

Kushaq in background 🔥 🔥 🔥

[@shaikaftab1199]

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

[@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.

[@VarunTomee-kr6nf]

Me too I enjoy the only problem I have is going to village

[@biswaranjanpattanaik]

I will prefer a pre-owned car.

[@rajumunot3109]

One more video in consideration to facts and perceptions is due to sum up all the comments with your personal opinion/advise which means a lot to me.what a nice effort you put in the content and what a variety of comments....give your videos a new out look to connect more people..its an innovative idea..go get do.. dear pioneer..!❤

[@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.

[@stalkingqueen]

I earn 3x , but bought a house worth 60L in full cash and happy with it. Now buying my 3rd car worth 15L in full cash. Don't believe in loans , they r traps.

[@gauravSingh-ij7iy]

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

[@ELDoradoEureka]

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

[@aswinkumarkk]

I have mixed thoughts about this calculator. I own a car for the past 1 year and it sure has added a lot of value to the comfort & safety to my life and people around me. I think one should buy a car if they simply qualify this affordability check. Min 10% of on road price in cash, EMI to finish within 7yrs whereas 4yrs is good. Ensure, your EMI doesn't cost you more than 10% of your annual income after tax and other expenses like fuel & maintenance doesn't eat up more than another 10%. You are already at 20% of your net income put into one EXPENSE for one purpose i.e. to commute comfortably at your pace and from your place. The funniest part is I don't qualify myself in the above mentioned criteria of mine. :D

[@soloflick6579]

total EMI and expenses (all types of expenses including households) should not cross more than 30-35% of the total in hand salary. that will be better. So a person will still be able to save around 50% if he or she is disciplined!

[@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

[@_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.

[@VarunTomee-kr6nf]

You will feel safe in Indian traffic on expressway and highway nobody do off-road 😂😂😂

[@thelayman6189]

What according to you are those "Actual Joys" in your 40s and 50s that you mention ???

[@deepz142]

Kids i guess

[@naughtyUphillboy]

In late 50s, & 60s kids will give you tension

[@himanshugayatriparikh5240]

The answer for this dilemma is, JOINT FAMILIES! We are 6 earning members of a family of 7 where 7th is my 3 years old child. We have one 5 seater SUV and one 4 seater city car. The expenses are so affordable among all of us. Its amazing!

[@agentxhindi9644]

See you make videos on money then you should make a video on marriage expenses,my friend's sister got married they spend around 19 lakhs all loan I thought this to be crazy mad thing to do but he would never agree. And for context he earns 30k

[@TheGeorgeous]

Insane. How can he afford the emi on 30k a month ?

[@rajeshrkale]

​@@TheGeorgeousprivate lian hoga 24-36% per annumwala PATHANI KARJA

[@kannapi]

The car has a resale value after 10years . You should have considered it too . If it has a 25-30% price after 10yrs , the cost of ownership becomes , 23-24 lakhs . Now thats under 15%

[@hewhoexplain]

Just buy second hand car, your all aspirations will be fulfilled

[@ananddeshmukh9503]

Problem today with cars are very high taxes, sky rocketed fuel charges and costly insurance (with recommended covers) and services. If you are not driving it everyday and less than 1000 km in a month, it would always be a depreciating asset. In short, see car as luxury and not as necessity so hiring them will look much better over owning them.

[@anakingaming3687]

@0:03. YOLO Abhishek Woohoo !

[@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

[@piyushsahayvlogs]

It is simple , purchase Tata punch

[@nikunjraval3883]

Bro I am planning to purchase Punch or Tiago (second hand) later this year.. Is it worth buying?? Please share your experience..

[@piyushsahayvlogs]

Tata punch has 360 litre boot space , Tiago me luggage issue hoga , seat is more wide in Tata punch , Hight is more , comfort is more , only thing would be tiago would be more faster due to less body weight , lower to ground , so if you want to buy for family go for punch , if you don’t care of luggage , then buy tiago

[@piyushsahayvlogs]

@@nikunjraval3883I purchased punch in sept 2023 , bs6 phase 2 , purchase only bs6 phase 2 product , i purchased base model , and saved from loan and all , you can also buy base punch , go for base model test drive and purchase new cng punch , it has more mileage

[@Om_namah_shivay_1080]

I will give one advice after owning a car for 8 years , for most people in India they do not need anything more than second base varient of baleno,i20 ir amaze.. amazing cars with minimum running cost and good resale.

[@anakingaming3687]

Yeh Zero1 wale host, papa wali baat krte h ki yeh ni kro woh ni kro. Invest krdo FD krdo, bhai aise toh koi ladki ni milegi agar thoda show off ni kro toh.

[@tejbahadursjngh5958]

Following this channel is worth every second

[@tejbahadursjngh5958]

Like de Diya Bhai ne

[@alphahalogaming3123]

My Rules Buy Material Things Only if i have 400% of the Price Example IF i wanted a trash iphone whoch is 2 lakhs per phone i should have atleast 8lakhs cash Other wise i wont but that trash iphone Even if i have 1 crore i aint buying that shit Maybe if i have 10 crores i think of it

[@lets_see_777]

cool, raho rent pr aur karo uber/auto, fr jab tk tumhare paas 4x paise honge tab vo item bhi 4x ho chuka hoga

[@alphahalogaming3123]

@@lets_see_777 I'm saying 4x Money Then Ok to buy

[@TravelWithDhami]

@@lets_see_777 arey Bhai 🤣

[@pruthav123]

nicely done...at first this channel seemed lame but really good acting amd dialogues..I liked it, you guys cover all the things a common man thinks about

[@pg-nm]

Add, driver's cost, garage rent, annual insurance, road tax, pollution test, parking fees, road expenses for case etc

[@KewlRt]

Really informative video. The estimated calculation of owning a car is very well explained.

[@adcool5944]

This video is oriented more for audiences in age group of 20s and early 30s. For a single person, having no responsibilities, spending 40% of current income on their dream car is acceptable. Then again, its not an advice just my personal opinion. Planning is a must but able to live and enjoy life is also important.

[@bikigcc2007]

Pura life excel ke hisab se chalenge toh zindagi mey kamai karke jiyenge kab . .in short live within your means ..showk pura karna bhi zaroori hai if its reasonably within budget..

[@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

[@mystickal6342]

Live your Life and enjoy Life while you can , People dont live Longer anymore .. Young people die now a days with Heart Attacks.. This thinking of Saving for future is very 90’s . Spend on Things that matter use some comminsense but again dont compromise on Quality and Live in Now! Present Moment is all we have!

[@kunaldani5189]

Best Video 📷...i really like when you show reality through numbers

[@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.

[@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

[@amnhere]

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

[@ashoksengupta3668]

Very useful reality check eye openers. Continue with these excellent videos

[@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.

[@mallupagan]

I subscribed your channel...❤ the advices we are getting from this channel is simple things everyone knows but never think so some reminder like these advice videos are an eye opener ❤

[@Debraj1978]

I like this Abhiskek guy. He is exactly like how the younger generation is.

[@artus198]

Prices have gone up dramatically in recent times. Its insane. On road price of basic SUVs is at least 18 lakhs.

[@johnybrokeit]

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

[@SK-ud3eg]

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

[@pankajsalmuthe6931]

Just paid booking amount 😢for scorpio N z8 select and this video got recommended 😂😂

[@simranjeetsingh6742]

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

[@saurabhmukherjee9757]

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

[@cherryblossomsandwisteria855]

Make a similar video for house buying too, also more important the excel sheet

[@codwzgaming]

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

[@LNJP13579]

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

[@MuditSehgal]

Very well executed calculator for affordability. However, you are missing one key factor here which is the residual value of vehicle after completing 10 years, which you get back on selling the car (I know you have mentioned it in the notes). It should also be subtracted from the annual cost of ownership at the end of the sheet (for people who are doing calculation based on it). Residual value can be anywhere between 15-20% of the vehicle on-road cost (I think), but other folks might know better. 😅

[@vikneshwarl4115]

Residual value after 10 years acocouting for inflation is minuscule compared to current value, so subtracting that won't create a drastic difference

[@TheGeorgeous]

Almost nothing if it's ICE vehicle. There are murmurs that going forward they will allow ev kits for ice vehicles to increase life span of the existing vehicles

[@karansmittal]

Exactly my thought process while buying a car

[@UdayGuleria]

Great topic, hope this X generation will try to implement it

[@SchwiftyFingers]

Love the casual comedy sprinkled between the deep financial segments 👻

[@Anustupism]

Very good info I was also thinking to buy an SUV car but now I have dropped the idea