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

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warikoo

warikoo

11 ай бұрын

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In this comprehensive guide, I dive into the age-old debate of renting vs buying a car. We'll explore the financial, practical, and lifestyle factors that influence this decision, aiming to provide you with a balanced perspective. By the end of this video, you'll be equipped with the information and insights necessary to make an informed choice that aligns with your financial goals, lifestyle needs, and personal preferences. Remember, it's not just about cost; it's about value, convenience, and freedom as well.
#carownership #financialplanning #warikoo
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Пікірлер: 288
@warikoo
@warikoo 11 ай бұрын
Make your own calculations, here: bit.ly/3OAP9fv Get my new book ‘GET EPIC SHIT DONE’ here: ankurwarikoo.com/getepicshitdone Order my first book ‘Do Epic Shit’: ankurwarikoo.com/doepicshit Subscribe to warikoo Shorts for tips in less than 60 seconds: t.co/pMdPNe4Quf My Money Apps My Money Links Indian Stock Investing (Zerodha): bit.ly/3iYKROh US Stock Investing + Investment Tracking (INDMoney): bit.ly/37M1rik Portfolio Investing (Smallcase All Weather Investing): bit.ly/3u0is0I Life Term Insurance (PolicyBazaar): bit.ly/3XsEGWi Health Insurance (PolicyBazaar): bit.ly/46hvbNL Corporate Bonds (Wint): bit.ly/3sbUI8c How to pick the right insurance (Ditto): bit.ly/3xFh7OU Crypto Investing (WazirX): bit.ly/3O4KC2 My gear for shooting this video: 🎥 Sony a7III camera: bit.ly/3M42wAV 🎬 Sony FE 24-70 f2.8 Lens: bit.ly/3KCCiF0 🎙 Shure SM7B Microphone: bit.ly/3O1NAVA 🔆 Fill Light 60W: bit.ly/37aJolP 💡 Key Light 150W: bit.ly/3O9nyjs 📽 Benro IT15 Tripod for Sony a7III camera: bit.ly/3O4PvJ1 Useful links: 20 books for your 20s: bit.ly/WarikooBooks 20 online courses for your 20s: bit.ly/WarikooOnlineCourses Gadgets that I use: bit.ly/WarikooGadgets
@mdhammad3460
@mdhammad3460 11 ай бұрын
Sir, Make a video for how to cars,bikes or any vehicles buying process...
@vishalghosalkar3013
@vishalghosalkar3013 11 ай бұрын
Sir, please make a book review on Where are the customer's yatchs by fred shrewed. Its my request to you.🙏
@ankurjain6268
@ankurjain6268 11 ай бұрын
Hi Ankur, why is petrol cost not considered under the subscription model??
@bhavinlakhara1282
@bhavinlakhara1282 10 ай бұрын
CA student things 😂😂
@mbgmasterofbusinessguru8830
@mbgmasterofbusinessguru8830 7 ай бұрын
Ok good
@neetpreparation1874
@neetpreparation1874 11 ай бұрын
After some time he will be talking about marriage vs live in relationship. And adoption vs giving birth to a child useing these excel sheet. He is just awsome person so far considered . I 😂😂 like and respect him very much and adore him also .
@YOGIADITYANATH05
@YOGIADITYANATH05 11 ай бұрын
😂😂😂😂
@allenjoseph4433
@allenjoseph4433 11 ай бұрын
😂😂😂😂
@MrMit007
@MrMit007 11 ай бұрын
😂😂😂
@shuv031
@shuv031 11 ай бұрын
😂😂
@PranavkumarGuptaMIND
@PranavkumarGuptaMIND 11 ай бұрын
😁😄🤣🤣🤣
@abhinav.007
@abhinav.007 11 ай бұрын
Owning a car for a middle class salaried person, that emotion can't beat in renting and riding in ola or uber. The feeling of your family member when they get to see first time your new car comes to ur home is unbeatable.
@saadathanikar4663
@saadathanikar4663 11 ай бұрын
Obviously. Even it is Alto 800 only. That too showroom car.
@8dtime441
@8dtime441 9 ай бұрын
Worst case buying a car Emi will eat you alive. Car buying before certain age is foolishness 😡
@mancunianfc752
@mancunianfc752 9 ай бұрын
This is a social trap. You can never get out of middle class mentality if you keep taking loans and pay emi's for half of your job life. This trap is to make sure middle class people stays in the bracket and never get financial freedom
@mancunianfc752
@mancunianfc752 9 ай бұрын
@@saadathanikar4663 what about the expenses that will be incurred by using a car which has low or zero safety features in case of accident. The problem with indian car buyers is that they dont take into consideration of safety while buying a car. And thus just for the sake of social pressure and social status they invest in a cheaper car with less safety features.
@prasadvsp6454
@prasadvsp6454 5 ай бұрын
This is the reason why banks are able to thrive. Their investment is not in cars or loans but the mindset of people who think owning a car, ON LOAN, is somehow indicative of being of a higher status. Wealth and money are two very different things..
@coruscated
@coruscated 11 ай бұрын
Nothing compares having the comfort of a car at your disposal. Everything is not maths
@puneetbirmaan2940
@puneetbirmaan2940 11 ай бұрын
Used to be a spreadsheet aficionado for life decisions, so buying a car seemed impractical. Came to this conclusion after previous such videos you made. Fast forward to today, where I drive to places on my own, and what an awesome change it has been. Went through a family medical emergency a couple months back and having a car at time felt such a blessing. Life's decisions aren't mere Excel. results.
@gail35361
@gail35361 11 ай бұрын
absolutely correct. Thoda jyada hi excel ho gaya.
@ashisharora6800
@ashisharora6800 11 ай бұрын
Life is not Excel , there should be a parameter called " emotions " which have a huge weitage to the dedicisons not just inflation , appreciation etc etc. In an organize cost optimisation is the key but not everywhere.
@sirius-harry
@sirius-harry 10 ай бұрын
We shouldn't fall into binary thinking - it's not about only excel based calculations or only emotion. It's about making an informed decision. We can do all the calculations and yet decide to choose the other thing - that's fine. But at least we would know the trade-off we are making and that's the most important part.
@roshnishaikh8954
@roshnishaikh8954 19 күн бұрын
U got ur own car or u rented?
@JourneyWithNandrales365
@JourneyWithNandrales365 11 ай бұрын
Hello Ankur Sir, I greatly appreciate your informative video. I wanted to share a thought: If our plan is to hold onto the car for over a decade, would you still recommend leasing over securing a car loan? I'm eager to hear your insights. Thank you!
@poddarakhil
@poddarakhil 11 ай бұрын
Hi Ankur - Thanks for this informative video. Just a thought if we intend to keep the car for 10+ years then do you still feel that leasing is a better option as compared to taking a car loan. Let me know your thoughts.
@smitaagrawal7409
@smitaagrawal7409 11 ай бұрын
The only sad reality is that materialistic things are synonymous to success in our country. If a person buys a car, he/she is seen as a successful person. Just for being seen as a respectful person, creating a burden on your pocket is normalised in our country!!😂😂
@neerajthakur6200
@neerajthakur6200 11 ай бұрын
Totally agree with you smita. Most of the people make the decision of purchasing cars not on the basis of whether they travel a lot or not but because of social status.
@akashchowdhury1942
@akashchowdhury1942 11 ай бұрын
Social status is also necessary..If you have lots of money but you don't own a car than it's affect your social status and comfort lifestyle.... Everything matters
@smitaagrawal7409
@smitaagrawal7409 11 ай бұрын
@@akashchowdhury1942 Agreed. If you have people around you who support you without you having a car, its the best. But if people judge you on the basis of your material things , disrespect you, then owning a car is worth it. Afterall, respect is also important in life.
@prsiva21
@prsiva21 11 ай бұрын
I feel buying a car should be use case based decision rather than social status. There are many who end up buying car and crib regarding driving problems in congested traffic. Of course there will be societal pressure but then our money is ours. We should not let others drive our decisions. If we feel a car would help us or family practically, then no doubt, its necessary. Had there been no ola or uber, there would have been no debate perhaps.
@saadathanikar4663
@saadathanikar4663 11 ай бұрын
Car is a need now a days. It was social status once upon a time. Many middle class family who are leaving in metros where parking is a big problem even though they have their own car they take auto/ola/Uber rides. Having a car we can roam around with family.
@rajeevroy4383
@rajeevroy4383 11 ай бұрын
Hi Ankur, You have repeated the episode to calculate the car ownership cost to person if (s)he is not a business (wo)man. Usually companies buy or lease vehicles on which they get tax breaks. Do a similar episode for a business. That would be interesting ve
@ashiworld102
@ashiworld102 11 ай бұрын
What about if we purchase a secondary hand budget car (
@evilnightbot3131
@evilnightbot3131 11 ай бұрын
RENT or BUY Car ❌🤡 STEAL IT ✅🗿🔥
@abhisheksnehi5039
@abhisheksnehi5039 11 ай бұрын
😂
@humblerajesh.9129
@humblerajesh.9129 Ай бұрын
😂😂😂😂😂😂
@Saumyagrow
@Saumyagrow 11 ай бұрын
I believe that if we have a car, we should sell it and receive at least 40% of the original amount.
@torik7987
@torik7987 11 ай бұрын
What if a good condition 2nd hand dezire is purchased at 2.5 lakh? Pls do a video for 2nd hand car scenario as well.
@SagarPatil-gu5gp
@SagarPatil-gu5gp 11 ай бұрын
Ola Uber cost in Whitefield - I am paying around 450 inr for 9 kms. That’s 50 inr per km
@shashwatrocks1
@shashwatrocks1 11 ай бұрын
100% True, on average, Ola-Uber will never be 13 RS per km, it should be minimum 25-30rs per km. In my experience nowdays, it's never below 30rs per km, even more for short distances
@MrAswinprabhakar
@MrAswinprabhakar 11 ай бұрын
I dont think he uses actual price we are paying for the calculations, 13rs will be the effective price considering that we dont have to pay tax, insurance, maintanance etc
@ushaswinitirunagari9070
@ushaswinitirunagari9070 11 ай бұрын
Please do a same video for renting and buying a flat. It will be helpful
@bharsanta5029
@bharsanta5029 11 ай бұрын
Thank you so much for the effort n for sharing this.
@VijayKumar-fb2mj
@VijayKumar-fb2mj 11 ай бұрын
What if i use the car for zoomcar or any other services for income on the owned car on the days when i do not use, What does your excel suggests? Whether to buy or rent?
@nabeelkhan694
@nabeelkhan694 11 ай бұрын
Renting a car vs owning a car is probably one of the stupidest thing people compare, imagine in case of any medical emergency in your family or any uncertainty will you wait for a cab? A small car like Alto will also do the same work ( if you're worried about spending too much money on car). Sometimes it's better not to compare things rather just buy them and be happy.
@amithnayanar6747
@amithnayanar6747 11 ай бұрын
You are talking about booking a cab while he is talking about renting a car. That car will be with you like your "own" can until the subscription period is over.
@neetpreparation1874
@neetpreparation1874 11 ай бұрын
After some time he will be talking about marriage vs live in relationship. And adoption vs giving birth to a child useing these excel sheet. He is just awsome person so far considered . I 😂😂 like and respect him very much and adore him also .
@englishwithpk5128
@englishwithpk5128 11 ай бұрын
I saved my mother due to owing a small car Alto... She is still alive due to my car, she got heart attack & I rushed to hospital by my car Alto..
@neetpreparation1874
@neetpreparation1874 11 ай бұрын
@@englishwithpk5128 bhai excel sheet jese life nahi hoti ha . Life mai randomness hota hai aur yeh marketing wala nahi samaj sakta hai. Apki mummy ko lambi umar de bhagwan . Tanks to alto.
@mahendrapodder8471
@mahendrapodder8471 11 ай бұрын
Loan period 3years and rent period 5 years? Isn't it unfair? also handling your own car vs handling someone else's car and accidental charges included that will cost much more
@asurakengan7173
@asurakengan7173 11 ай бұрын
Please make a sheet on taking care of parents vs leaving them in old age homes or streets, also assume saved money will be invested in mutual funds 😍
@saadathanikar4663
@saadathanikar4663 11 ай бұрын
Taking care of parents is always better. We can't compare it with money. Parents are priceless.
@XEAIXAE
@XEAIXAE 10 ай бұрын
Sarcasm ni smj ata apko
@vishal.shetty
@vishal.shetty 10 ай бұрын
🤣🤣🤣
@likhithsinghani5122
@likhithsinghani5122 10 ай бұрын
Thanks for the comparison. But I think the comparison is missing a key element here. If a middle class person is planning to rent a car, it is more likely due to unaffordable down-payment and insurance costs that need to be paid upfront. Considering that as an investment wouldn't give the accurate results. This is completely my opinion, would love to hear your thoughts on the same.
@sahilchamp
@sahilchamp 11 ай бұрын
Very Nice Ankur :) I tried the sheet and found it really helpful. But, I also want to understand the financials of buying a used car (a second hand car). How will that change the game. As getting a used car is fairly easy in NCR but getting a good used car is purely luck or research.. But in case - someone got a good used car with less maintenance, will that be a better decision?
@neveravilable
@neveravilable 11 ай бұрын
Used second hand car will only increased its maintenance cost and its mileage
@bhatia.18
@bhatia.18 11 ай бұрын
1000th video, congrats.
@vishalsavade3867
@vishalsavade3867 11 ай бұрын
Hi Ankur, Can you make a another video on snowball and avalanche method but considering that extra payments over the periods of loans to invested in mutual fund or any other investments.
@hiteshgandhi5889
@hiteshgandhi5889 11 ай бұрын
It's really interesting for someone from middle class
@nileshnarkhede3205
@nileshnarkhede3205 11 ай бұрын
Hello Ankur sir.. i think calc could have been different if you have considered selling a car after 3/5 year.. thats still amount we can subtract from total cost while buying new car which is not available in case of renting a car..
@lostsoul4317
@lostsoul4317 7 ай бұрын
Yes that's what 😂😂
@thinklogically2042
@thinklogically2042 11 ай бұрын
Thanks .mujhe humesha confusion rehta tha ki uber mehenga padega ya car kharidna. So cab is a good choice rather than buying one
@MrSourindra
@MrSourindra 11 ай бұрын
Hi Ankur, On Subscription Vs Buying: Just a suggestion, You can also consider selling your car. It will be depreciated by a lot but still will definitely reduce little /KM cost in comparison to subscription.
@MrMit007
@MrMit007 11 ай бұрын
It was already included. 🙄
@HavishG
@HavishG 11 ай бұрын
​@@MrMit007depreciation was included but drop in mileage was not included.
@vishwatejp.9286
@vishwatejp.9286 11 ай бұрын
Make a video which cars to buy. CNG, Petrol and doesel
@SHINDAJTT
@SHINDAJTT 10 ай бұрын
My friend have Baleno 2016 Model & driving near about 1lac. He purchased for rs 8.2 lac, now after 5 year he's selling for rs. ,5.5 to 6lac bcoz of condition of car is awesome no accident, company service record also applied alloys wheel extra. So my question is that is it best car value if i want to buy from them
@kunalpal369
@kunalpal369 11 ай бұрын
Sir 1 Q i have a Hyundai eon. My took it on a loan for 5 year now the loan is completed and car is around 6-7 years old but it's only travel around 30k km . I like your point for renting a car (subscription) but is it possible that whenever i want my only that time i order the company for renting the car . Because we want a car but don't have that much use
@kapileshnaidu6865
@kapileshnaidu6865 11 ай бұрын
How many people actually consider buying a used cars? They're actually very good value for money (assuming we're street-smart enough to not get scammed)
@peacefulandjoyful5558
@peacefulandjoyful5558 2 ай бұрын
Hi, One query Company Leasing vs Financing option, which one is better? I find Company car lease better because it helps in saving the tax as well, if I am paying 35 percent at the end of term in order to have that vehicle, am I thinking correct?
@dt1944
@dt1944 11 ай бұрын
This is great video But how to calculate feeling and emotions connected to car And In case of emergency not having a car or required to traval beyond given limit (given by renting company) what is adversity cost ???
@ankitahamana07
@ankitahamana07 11 ай бұрын
Brilliant idea sir🔥
@imdhemant
@imdhemant 11 ай бұрын
I bought my 5th used car VW vento 2012 model in dec 2022 for 2.6 Lakhs, excellent condition. 800 kms per month, 13 kmpl, avg per month expense - 8000/- fuel + toll, 850/- insurance, 1000/- periodic service 1500/- parts replacement, 12000/- approx total per month. Reason for buying, i am really passionate about cars, before vento i had polo Diesel 1.2 for 5 years, i wanted naturally aspirated 1.6L petrol engine for performance with more comfort and driving dynamics. I will use it for max 2-3 years and then sell it off at around 1 lakh. 3-4 saal ke passion ke liye 5 lakh ka expense kuch nahi hai.
@Raju-qf4is
@Raju-qf4is 10 ай бұрын
Yar tu Banda sahi hai. Life enjoy Karo yaro. Kya pata future me kya likha hai. Aaj hai apne pas bas ji lo es pal ko enjoy Karo. Aivi Excel sheet Excel sheet 😂
@meenaal33nirmale52
@meenaal33nirmale52 6 ай бұрын
Too good man🎉
@inderyadav2420
@inderyadav2420 11 ай бұрын
Sir ,aap ki calculation sahi h, humare yaha tho showoff ke liya car lete h loan pe ,vho bhi emi pe ,chalti kuch bhi nahi h ,2month mai 50-60 kilometers . Salary 20 -25k hoti h.
@gamingzone_2024
@gamingzone_2024 11 ай бұрын
Hi Ankur, When you are talking about a rented car it can be possible only in major cities or mostly in Metro cities. What about small towns where we are living with a government or private job with the same pay scale and the same amount of travel. What's your opinion about it
@nirvaishnaw
@nirvaishnaw 11 ай бұрын
this question I asked to all the youtubers, who made this video but no clarification even now. Its all for metros only
@bonesearcher
@bonesearcher 10 ай бұрын
Basically, "too bad, so sad", because all these financial youtubers seem to target this crowd of urban metro dwelling people in their 20s, mostly working tech jobs with high salaries.
@akashchowdhury1942
@akashchowdhury1942 11 ай бұрын
I became your big Fan now sir❤❤❤❤
@prasadvsp6454
@prasadvsp6454 5 ай бұрын
Cool. Many people must do such calculation to identify opportunity cost. Owning cars makes sense for those that drive more than 4000 kms a month. For anyone that doesn't drive even 1000 kms a month, renting a cab is the best option EVs on the the other side might be a a losing proposition at this stage. The batteries in an EV are probably as costly as the car itself. Batteries need to be replaced at an interval. Hybrid might be the best choice and gives the best of both worlds IMHO experience.
@ahameddiean5499
@ahameddiean5499 11 ай бұрын
Thank you so much, love from Bangladesh.
@deepakgarg2764
@deepakgarg2764 11 ай бұрын
Kindly make the sheet editable....its in view mode only....requested multiple times for access
@mycutiepie2864
@mycutiepie2864 11 ай бұрын
And sir when we are using a rental car can we give the service on bla bla on our way to home or office so we can earn while we are going for our own work
@kiranvardham
@kiranvardham 10 ай бұрын
When you changed the tenure to 3 yrs or increased the price to greater than 10L, you are keeping the selling price constant around 4.8L and I believe the SP is not constant and change and hence renting a car will get more expensive no matter what.. Isn't it better to Keep life simple and not calculate and over complicate life in every decision we make..
@Prateekroc
@Prateekroc 11 ай бұрын
Hi Ankur, while calculating expense of owning a car shouldn’t you consider the SIP of the amount which otherwise you would be paying for subscription? The reason for asking this is when you are calculating for subscription you are considering the return on the down payment which you didn’t have to pay if you went with the subscription. Just think about it.
@Ashwajeets
@Ashwajeets 11 ай бұрын
Right! If one can afford SIP equivalent to subscription cost, net cost of buying a car can come down making buying a car more financially attractive
@gandharvanand4642
@gandharvanand4642 11 ай бұрын
While buying a car, you are also paying off the loan + interest on monthly basis, which kinda takes away your investment ability. Not something which ankur dealt in the video but just putting it out there to think about.
@neerajsingh-fz4gq
@neerajsingh-fz4gq 11 ай бұрын
Sir - You have not given access to edit the spreadsheet and make our own calculation. Request you to please share an editable spreadsheet so that we can calculate.
@rohansamanta7819
@rohansamanta7819 10 ай бұрын
Till date rarely have booked a cab at 13rs/km unless going outstation. That too not from ola uber and these operators, also they charge extra for nights.
@sheldon6972
@sheldon6972 11 ай бұрын
PLZ share one comparing with EV too. Renting a car or buying EV
@chetanrathod9794
@chetanrathod9794 11 ай бұрын
Great video sir👌👌👌👌👌👌
@swapnilmagar344
@swapnilmagar344 11 ай бұрын
Thanks for making us clear about buying or renting car . It almost save me 10lakhs ❤I was going to buy a car. Now I changed my mind . Thank you sir
@bhaskarphatak711
@bhaskarphatak711 11 ай бұрын
Hi ankur & team, would like to know if renting a car has any tax benefits, if yes than could you pls add to the excel or replyfor my comment. thanks again for posting the video, ye excel-excel is really excellent !!
@NavZ909
@NavZ909 11 ай бұрын
buying ev's can give you rebate on interest payments made, not sure about renting (unless you run a biz)
@ankurjain6268
@ankurjain6268 11 ай бұрын
Under subscription option, running cost (petrol) is not considered
@sagarmahajan4726
@sagarmahajan4726 9 ай бұрын
This video is very useful for understanding all financial scenarios related to car. I watched it carefully and I have following observation on it. In case of renting a cab or a car, you have invested the amount of down-payment and insurance + maintenance with some 6% interest and then you calculated the effective rate per km. This is ok. Now, in case of car buying, one is paying down-payment and insurance + maintenance amount but at the same time, monthly subscription is not applicable. So, similar to renting scenario, one can invest this monthly subscription of 22k with same interest for decided period which will also generate returns. This returns should also be considered in buying car scenario. It will be more comparable.
@tannmaysmahajan2638
@tannmaysmahajan2638 8 ай бұрын
Although the downpayment is considered in case of buying a car but the balance amount payable is funded via loan and hence EMI was considered This EMI would somewhat be similar to the rental amount and hence that amount must have not been considered for investment purpose in the buying option
@mohdsufiyanashraf145
@mohdsufiyanashraf145 10 ай бұрын
Can i use the same excel for estimation for Bikes?
@shreeguroshreshti1460
@shreeguroshreshti1460 11 ай бұрын
Cab will never be 13 rupees per km for dzire 😂😂 Autos are also more expensive than 13 rupees/km. You can't casually put in numbers of your choice to suit the results you require 😂
@Saumyagrow
@Saumyagrow 11 ай бұрын
I need assistance to resolve my problem with vlookup and hlookup.
@PulkitGupta4444
@PulkitGupta4444 11 ай бұрын
What about taking car from company lease policy? pls make one video for that also
@anup.............
@anup............. 6 ай бұрын
Sir how to use your spreadsheet link in Android tab
@ratneshparekh
@ratneshparekh 7 ай бұрын
Sirji, unable to edit the excel sheet after downloading the file. Please help.
@MrMit007
@MrMit007 11 ай бұрын
Why it feels like same video everytime? 😢
@papiyalahiri7109
@papiyalahiri7109 11 ай бұрын
Thank you!
@mahendrapodder8471
@mahendrapodder8471 11 ай бұрын
While renting a car the overall cost comes greater than what it was for owning a car including insurance, service etc. Now if someone has that tight budget how could even after renting the car would invest the savings as he has no savings even though he won't have to pay insurance...
@8dtime441
@8dtime441 9 ай бұрын
Then don't even think of buying a car...........
@japanpadaria6922
@japanpadaria6922 11 ай бұрын
Please make a video for EV as well.
@sapankansal641
@sapankansal641 3 ай бұрын
SIR PLEASE CREATE A VIDEO FOR CORPORATE LEASING AND TAX SAVING CALCULATIONS
@DemonDivyesh07
@DemonDivyesh07 10 ай бұрын
What about buying a 2nd hand car vs renting?
@harshitrkhatri
@harshitrkhatri 4 ай бұрын
One problem with this calculation is that cost of maintenance of car goes up with time doesn't come down as is assumed in your calculation based on value of the car.
@khabirulislam999
@khabirulislam999 11 ай бұрын
Sir, Excel ka video series shoro kijiye. Beginners to advanced level please
@aviraljhalani8306
@aviraljhalani8306 11 ай бұрын
Sir binance app use pe video banae
@positive_vibe.eduworld3345
@positive_vibe.eduworld3345 11 ай бұрын
Which one is better afterall plzz answer me?
@punyashlokmohapatra7219
@punyashlokmohapatra7219 11 ай бұрын
This calculation makes sense only if u are a single man . If you have a family with a young kid or an elderly or a female member who may need occasional hospital visits, a car is a must .
@rajeshs1961
@rajeshs1961 11 ай бұрын
I was looking to rent a car. However I am unable to edit the green cells.
@gkkhemka
@gkkhemka 11 ай бұрын
Ankur at 3000km , I will want to have a driver so if we add the cost then this might still be close to Ola/uber..
@abhishekjagtap1990
@abhishekjagtap1990 9 ай бұрын
Hi Ankur, i feel there was a small error made in the calculation. When you considered a 10 lacs car to buy, you had considered analysis period of 3 years but the subscription plan was considered for 5 years. Will the calculation change if you subscribe it for 3 years? Just thought of pointing it out. I may be wrong Otherwise a great analysis and i always enjoy watching your videos.
@tannmaysmahajan2638
@tannmaysmahajan2638 8 ай бұрын
True, infact the subacription amount changes even with the change in the kms which I think was not considered later
@hiteshniranjan6748
@hiteshniranjan6748 11 ай бұрын
If let's say your monthly running is just 500KM then as per your analysis we should go with hiring a cab .... But then when someone will get a chance to learn driving a car ...at some point of time these calculations does not work realistically as we plan intially
@sankalpagrawal5846
@sankalpagrawal5846 11 ай бұрын
@warikoo Please don't keep the beats as background music, it is tooooooo irritating, otherwise video is awesome
@sameermawani6614
@sameermawani6614 5 ай бұрын
wow brilliant hack !!
@Yog988
@Yog988 8 ай бұрын
I am just addressing my point of view and don't want to hurt anyone's thought and I may be too young to talk in front of Warikoo. It is true that buying car (or any other liability) needs huge money and there are other assets which can give us far better returns, But I believe happiness is priceless. If we saved money and there are cores in the bank when we get old, but does anyone want to die without using that money? Definitely NOT! I believe we should 'Keep Growing...Keep Earning...Keep Enjoying'. So, at the end balance should be zero for all these three. Why we are separating out financial from emotional. I think they are not much different, add emotional value in excel and then we will come to know the exact returns. Financially returns may be too less but emotional returns are far better, I think that is the only purpose of life. It is not like we will start begging on road immediately after buying such thing, we will keep learning and keep earning.
@NoubeTrader
@NoubeTrader Ай бұрын
Buying car also has a oppertunity cost and other variables as well. Good comparison but not very fair
@AkshayKumar-hv9lz
@AkshayKumar-hv9lz 11 ай бұрын
I have downloaded couple times your sheet.. But it has only read access... So what is the use of it
@rahilshaikh2778
@rahilshaikh2778 11 ай бұрын
You can make a copy of it in Google sheets and can edit it
@praveensahu9571
@praveensahu9571 11 ай бұрын
I really like your videos and content but thinking too much on each and every finance related thing is not good as well. Buying gives you sense of achievement and sometimes its good to feel that. Just my thought, i like your content always❤
@8dtime441
@8dtime441 9 ай бұрын
I don't agree with you. Buying gives you nothing but false achievement because after some time you would think that thing wasn't necessary....
@jitendrasoni3150
@jitendrasoni3150 11 ай бұрын
But emergency me kya karoge
@Nageshmokashe
@Nageshmokashe 11 ай бұрын
Mobile se download ni hota kya?
@premkalyani
@premkalyani 7 ай бұрын
Hi, would be great if we can compare electric cars also
@2107sumanta
@2107sumanta 11 ай бұрын
It is eyeing towards proving something. Selling of owned car is not considered.
@deveshmaheshwari6598
@deveshmaheshwari6598 11 ай бұрын
Rent everything in life....car, house ....if possible wife and children....don't own anything ....then whatever money u save put it in SIP - stocks, bonds and crptos....
@mihirmistry4520
@mihirmistry4520 10 ай бұрын
Brilliant
@MyDreamLife
@MyDreamLife 11 ай бұрын
What if we purchase a pre-owned car for 3L-5L in cash. No loan, no installments, Cheapest Insurance, and local servicing? Owning a car is better in that case. Also, we don't drive 2k kms monthly, so the petrol cost will also drop.
@_faraz.h
@_faraz.h 10 ай бұрын
3000kms per month will also change subscription amount as well…. You haven’t changed that
@meui1527
@meui1527 11 ай бұрын
Ye sb Excel work sirf cities tk hi useful h jhan facilities h and we can have Ola uber but in North India like in Uttrakhand and Himachal we have to own a car that's the only option because hiring a car here is way more expensive .
@tarushjain
@tarushjain 11 ай бұрын
But if we are talking about 5 Year period. Loan should also be calculated for 5 Years (normally we indians take a car loan for 5 yrs).
@arghyarakshit999
@arghyarakshit999 11 ай бұрын
Sir, Ev ke sath comparison important tha
@pratyushkryadav
@pratyushkryadav 3 ай бұрын
How much charges have given by MS. to makeing this video ?
@nileshahir6650
@nileshahir6650 11 ай бұрын
Sir 10lac ki car mein insurance bhi increase hoga.
@dineshbatraaa
@dineshbatraaa 11 ай бұрын
Cab cost 22 per km in Hyderabad but you took only 13.
@Jerrythesweetdevil
@Jerrythesweetdevil 19 күн бұрын
Even in Pune for travelling 10 kms by Pune it’s around 300 rps
@mohammadshahbaz9276
@mohammadshahbaz9276 10 ай бұрын
Sir free lancing in data analyst in india pe ek video banaye sir
@princesehrawat906
@princesehrawat906 11 ай бұрын
Hello Ankur, but i will buy a CNG or EV car for 15 years.
@preetishsrivastav9785
@preetishsrivastav9785 11 ай бұрын
If you are watching this video. My suggestion would be but a second hand car that will be most economical option ..
@TheJaysloth
@TheJaysloth 11 ай бұрын
Try to enjoy the life to the fullest..saving and investment for future is the most important part of life...but don't regret in your old age ...when you just spent all your saved corpus on Your medical conditions...and one day you leave the whole world by just imagining the whole life that one day you will be financially independent... I have seen people save and make investments their whole lives and one day suddenly they die just by making a Balance sheet of everything in life So who ever wish to have their own house please buy a house and those who wants to own a new car please but a new car...may be it will hamper your future corpus a bit..but atleast you will not kill your wishes
@livestyle5527
@livestyle5527 11 ай бұрын
It is obvious that people with so much gyan on ROI On cars know that it is a liability and hence stop buying the car. But a an emergency situation in the middle if night with couple of minutes making a difference in life and dwath situation knows the value ofnit
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