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

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

Рет қаралды 1,385,190

Күн бұрын

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

Пікірлер: 834

@likhith-lexus 6 ай бұрын

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

@jishamp7539 6 ай бұрын

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

@veeresh_22 6 ай бұрын

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

@liketheterminatortoldya7297 6 ай бұрын

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

@tushargoel3870 6 ай бұрын

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

@_aditya.sawant_ 6 ай бұрын

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

@rithikgandhi3685 5 ай бұрын

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

@RobertDamanii 6 ай бұрын

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

@TheRothschild770 6 ай бұрын

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

@TheRothschild770 6 ай бұрын

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

@RoseBalerus 6 ай бұрын

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

@LeeParkchu 6 ай бұрын

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

@ThomasColt 6 ай бұрын

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

@shrih8891 6 ай бұрын

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

@hemantlahale6593 6 ай бұрын

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

@pavitravirani5293 6 ай бұрын

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

@Deepanshu_hooda 6 ай бұрын

McLaren Speedtail and Ferrari LaFerrari is also in appreciation

@pavitravirani5293 6 ай бұрын

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

@pabitra7556 6 ай бұрын

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

@Deepanshu_hooda 6 ай бұрын

@@pavitravirani5293 that's the main reason

@praveenkrishnan4935 5 ай бұрын

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

@yogensachdev 6 ай бұрын

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

@financewithsharan 6 ай бұрын

Soon! Thank you :)

@jollypaul6737 6 ай бұрын

@@financewithsharan yes! need another episode with him

@jollypaul6737 6 ай бұрын

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

@daforddp 6 ай бұрын

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

@73dpk 6 ай бұрын

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

@lokeshwaraachari6781 6 ай бұрын

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

@financewithsharan 6 ай бұрын

Thank you so much :)

@Jalebilovefafda 6 ай бұрын

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

@yugmajithiya4771 6 ай бұрын

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

@vijay-oe7qh 5 ай бұрын

There are 4 competizione in india

@arunkumar-wx1xw 6 ай бұрын

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

@financewithsharan 6 ай бұрын

Thank you so much

@user-xt4sg4qz4n 6 ай бұрын

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

@Sanjay_Learning 6 ай бұрын

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

@__ayushman__ 6 ай бұрын

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

@jayantadeka007 6 ай бұрын

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

@RameshSomani 6 ай бұрын

Thankyou

@marrylobo9182 6 ай бұрын

11:14 Ramesh being extremely honest 😅

@rupashetty2577 5 ай бұрын

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

@dipanjanbiswas8159 5 ай бұрын

Very very nice and practical discussion 👌🏻👌🏻

@gaganchaudhary9908 5 ай бұрын

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

@vishalbarot8588 5 ай бұрын

Excellent and Unique content. Thanks brother 🎉❤

@karthikmaxxi 6 ай бұрын

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

@reenauparie2536 6 ай бұрын

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

@SiddharthGaurs 5 ай бұрын

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

@richie.kxr_ 3 ай бұрын

Loving the 1 percent club. Keep them coming.

@noshwhiakdhssdd 2 ай бұрын

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

@gauravpatil9558 5 ай бұрын

Being auto enthusiasts I can feel the podcast thrill

@mallikjan2180 6 ай бұрын

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

@financewithsharan 6 ай бұрын

Glad you enjoyed it

@aartigavit5845 6 ай бұрын

Listening to Ramesh was really informative

@shashankmh2000 6 ай бұрын

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

@ZioMatrix001 5 ай бұрын

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

@BrianNicole11 5 ай бұрын

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

@ZioMatrix001 5 ай бұрын

Run a quick online research with her name.

@ZioMatrix001 5 ай бұрын

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

@lucassilva-ib9rx 5 ай бұрын

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

@memikaoru 5 ай бұрын

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

@bhuvanbhola8413 6 ай бұрын

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

@karthiksudhan3406 5 ай бұрын

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

@dyno-qe2vk 3 ай бұрын

@@karthiksudhan3406sale of mustang is stopped

@jayk7662 6 ай бұрын

Superb video 👌 very informative

@LoveYouEnglishLessons 5 ай бұрын

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

@Rajdsmart 5 ай бұрын

Great Topic !! learnt a lot of things !

@BrunoNara 5 ай бұрын

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

@chefmnd 6 ай бұрын

great podcast. enjoyed it.

@bhooshanvp 6 ай бұрын

Most interesting podcast 🎉

@sakshi9411 6 ай бұрын

Such an important topic 👍

@letstransform1012 5 ай бұрын

Amazing Insights 🔥

@miteshchaudhary6592 6 ай бұрын

Amazing amazing podcast.

@keerthivasan3643 6 ай бұрын

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

@user-gz3rn5po6w 6 ай бұрын

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

@kpb9010 5 ай бұрын

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

@Khavengers 6 ай бұрын

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

@dipak1293 6 ай бұрын

Watched non stop !!

@rajeshkamath822000 5 ай бұрын

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

@syedazhar8554 6 ай бұрын

loved watching this video!

@financewithsharan 6 ай бұрын

Thank you :)

@waqaskhalid8295 5 ай бұрын

Good discussion loved it.

@kallachnadra 5 ай бұрын

Amazing knowledge and enthusiasm

@sureshroyala6296 6 ай бұрын

Informative. Good stuff

@nom.nom789 5 ай бұрын

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

@nikhiljain3917 6 ай бұрын

New cars getting more expensive is inflation, not appreciation.

@SujitDas-ek6dw 6 ай бұрын

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

@anmolsinghgaba9666 6 ай бұрын

Really enjoyed this video❤

@BikrantaMandal 6 ай бұрын

lovely content Sharan sir.

@Joysonhd 6 ай бұрын

Very practical guy. 👍

@KeshavMeda 5 ай бұрын

50,000 crore = 6.2 billion dollars

@chhammadzahid-ks3fk 6 ай бұрын

it was superb and very interesting

@mahmadhanifchotaliya3946 5 ай бұрын

Wow ,nice interaction

@balesh_chemagination3359 6 ай бұрын

9:38 The laugh for no free service😂😂

@evolutionstudio1037 3 ай бұрын

Got motivated by watching this video❤

@iitian-hrushikeshpatil7430 5 ай бұрын

18:53 dubibudidubu

@utkarshdixit669 5 ай бұрын

perfect host and perfect guest . enjoyed every sec

@sunnyramchandani 6 ай бұрын

That's Awesome content!

@manojkumars2427 5 ай бұрын

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

@tstcikhthys 5 ай бұрын

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

@user-gz9xg8of8f 5 ай бұрын

Nice insights

@mohamedsanoob1434 6 ай бұрын

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

@financewithsharan 6 ай бұрын

Thank you so much :)

@manishnaik8783 6 ай бұрын

Agree

@natarajhosmani4921 24 күн бұрын

Wow Nice Video I enjoyed ur expression (9:15 to 9:45) time lapse

@Kddatashan 5 ай бұрын

Power Of Stocks -- Shubhasis Pani (Stock Market Trader) Buyed Lamborgini Urus

@ibrahimbakshi2007 6 ай бұрын

Please make more videos of reality of finance of supercars ❤

@aarifthameem6278 6 ай бұрын

@financewithsharan Wonderful questions in each of your podcast, Sharan! Lovely!... But please let the guest finish his/her response before you are topping it up with another question. Dont know if it goes into the edit, but the reply from the guest doesn't seem to be fulfilling... It appears as if you are asking the next question when the guest hasn't done answering the previous one! Cheers to the efforts you put in to educate us in various fields! 🎉...

@georgekurian9 5 ай бұрын

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

@karneetsingh8864 5 ай бұрын

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

@TheHasmukhmali 5 ай бұрын

😂

@anantnd393 5 ай бұрын

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

@anirudhpai1311 6 ай бұрын

Such a great video

@Abhi_Art_2111 6 ай бұрын

Every car guy dreams to own these beauties.❤

@financewithsharan 6 ай бұрын

Correct.

@khurram4589 5 ай бұрын

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

@LydiaLopez-yh7wo 5 ай бұрын

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

@akashthina1 5 ай бұрын

Thank you

@MuhammadQasim-id8fi 4 ай бұрын

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

@sunilbhadana9776 5 ай бұрын

If you treat you a as a companies asset and you claiming depreciation from that asset and 1day you sell that asset in profit you have to pay capital gain on this asset because it's not and personal asset it's a company's assets, I didn't expect this from Sharan who himself giving knowledge about taxes to others .

@akshayrajsheakaran8 5 ай бұрын

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

@youneedthis6244 6 ай бұрын

Car Content like this Awesome.

@sriramgv1 6 ай бұрын

Very good video.

@rlvphanikumar 6 ай бұрын

Thank for inspiring bro

@idreespadela8148 5 ай бұрын

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

@ItsKuver 3 ай бұрын

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

@parimalrahulgaurkhede222 5 ай бұрын

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

@SatyaVlogInKannada 6 ай бұрын

Very informative video Sharan, beep boop beep boop.

@financewithsharan 6 ай бұрын

Thank you :)

@jpanic2 3 күн бұрын

RImac Nevera EV - around 1.8 as well

@srikalaaditijndu5832 Ай бұрын

Fresh judgement on RTO charges in Andhra pradesh High court passed about RTO charges it should be calculated only on net price value but not to be calculated on Ex-Showroom price even on Luxury cars, as it is mention in vehicle tax schedule 6. If anybody did so they can claim those charges from the showroom dealers. be aware of road tax while buying new cars.

@senotriusneo6354 5 ай бұрын

I think depreciation for cars is capped at 15%.

@lakshnaramesh9733 6 ай бұрын

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

@munawaralamnewdelhi 6 ай бұрын

This person legit knows his stuff

@chaostheory0101 5 ай бұрын

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