Should You BUY a new car? | Leasing or Renting a Car | COMPARE COSTS!

Should You BUY a new car? | Leasing or Renting a Car | COMPARE COSTS! | Ankur Warikoo Hindi

Рет қаралды 871,668

Күн бұрын

Should you buy a car?
For all of you requesting the excel sheet!
bit.ly/bvrdrive
How to know which decision will help you #SaveMoney?
00:00 Introduction
01:23 Owning a car
03:30 Loan calculation and EMI
04:40 Fuel consumption cost
06:35 Cost of ownership
08:15 Hiring a car
10:01 Cases where owning a car may be better
12:50 Renting a car
14:59 Summary
In this video, we will discuss in detail the pros and cons of hiring or buying a car. Towards the end, I will also share an example of my life, just so that you have a perspective and make your informed choice.
Should you buy or rent a house? • Ghar BUY ya RENT karei...
How to invest in your 20s • AAPKE 20s ke liye COMP...
If you have any other questions about this, please ask them in the comments section below!
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Ankur Warikoo is an entrepreneur, an angel investor, a mentor and an active public speaker.
For the past 4 years, Warikoo has been actively sharing content on KZfaq, LinkedIn, Instagram, Facebook and Twitter amassing a following of 1.8Mn+ people.
He posts 3 Hindi and English videos every week on his KZfaq channel, where he talks about entrepreneurship, how to grow in life, personal finance and failure.
Warikoo started his entrepreneurial journey in 2008. His most recent startup is nearbuy.com where he was the founder and CEO from 2015 until 2019.
Prior to that, Ankur started Groupon’s India business in 2011 and acted as the Country CEO from 2011-15, and Head of Groupon APAC from 2013-15.
An alumnus of the Indian School of Business, Ankur is an active Angel investor and mentor to several startups.
Ankur has been part of Fortune Magazine’s 40 under 40 List for India, LinkedIn India’s PowerProfiles List, LinkedIn India’s Spotlight List and India’s Top Executives under 40 list.
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Пікірлер: 2 800

@warikoo 3 жыл бұрын

Get my new book ‘GET EPIC SHIT DONE’ here: ankurwarikoo.com/getepicshitdone Order my first book ‘Do Epic Shit’: ankurwarikoo.com/doepicshit For all of you requesting the excel sheet! bit.ly/bvrdrive

@viratforever21 3 жыл бұрын

Me and my father calculate these costs before buying . These videos are really helpful and quite easy to understand

@DEEPAKYADAV-dv4zh 3 жыл бұрын

Cng me convert karke sasti pdti

@santoshkumar115 3 жыл бұрын

Hi, can you make a comparison video on petrol vs ev scooter

@viqariqbal3887 3 жыл бұрын

Sir I disagree with 30k as maintenance yearly for a petrol car of hatchback..also ppl might not drive 2000kms per month with petrol car they might buy a diesel which give better mileage..also 23k is shown as ownership cost ..hiring is also expensive as 22k doesn't include petrol..ola uber is cheaper this i agree

@warikoo 3 жыл бұрын

@@viqariqbal3887 You can change all these numbers in the excel sheet and see how it works for you

@LabourLawAdvisor 3 жыл бұрын

Loved it, I bought a second hand car last month😀 (maa baap ka sapna😂)

@akshitsoni6325 3 жыл бұрын

Congratulations sir.!!

@degfh2009 3 жыл бұрын

second hand car is a wise decision bro... i have too 😜

@simp_coder 3 жыл бұрын

Money minded mandeep

@madhusudanthore773 3 жыл бұрын

Good option

@vaastavikgaurav 3 жыл бұрын

Achcha Sir aap yaha bhi 🙌 uska bhi ek video ho jaye fir Channel pe

@hheuhxjuhallmxvga 3 жыл бұрын

Can we look at a video on "Spending on Marriage"? I feel that is the biggest emotional investment with negligible returns.

@Sheldonmiranda07 3 жыл бұрын

This would be a must watch request for all the youth in India and parents who prioritize in showing off and having the grandest wedding even if they are a pauper

@haresh3562 3 жыл бұрын

Totally yes! Much needed topic. That's a kind of wastage of money where in the family can utilise those lakhs of money in investing or saving it for a foreign trip for the couple!

@warikoo 3 жыл бұрын

We all know the answer already :)

@darkwizard5943 3 жыл бұрын

Yeah thats a very good topic i also thought for that We need video on this topic

@divineray7822 3 жыл бұрын

@@haresh3562 The rituals in themself don't cost much. It's the desire to make it grand and blingy that costs moolah. And forget what older generation did, younger lot are also fanatics. Going for destination wedding, dance parties , almost making it a movie.

@saurabh29101988 3 жыл бұрын

When you are with friends and relatives and trying to book ola/uber like a jackass since 30 minutes, then these logic wont even matter.

@staycalm-sa77 3 жыл бұрын

Don’t forget about the last minute cancellation by the driver after waiting for cab to arrive for 30minutes.

@kashifsd17 3 жыл бұрын

Many times we get rude drivers too... If it rains or during office hours, its difficult to get Ola/Uber and when we get it, we have to pay huge charges. Even though its spacious and you regularly go with your car, many times drivers refuse to go in an alley...and consider you are with your family and its raining...all logic fails

@indigodream56 2 жыл бұрын

True that !.

@gunajitdevsarma 2 жыл бұрын

Having own car adds lot of flexibility, which ola, uber or any rent will not provide. If you translate it to monetary value (assuming u can do that) one would definitely buy a car. There are many hidden reasons beyond EMI, Fuel and maintenance. Found this bit over the top

@siddheshana 2 жыл бұрын

if only friends and relatives would contribute to the overall expenses :)

@akashkale3154 3 жыл бұрын

Jethalal already knew this, that's why he didn't buy a car yet😂😂😂😂

@almostcertainlynotapotato6528 3 жыл бұрын

Fun fact: in the FIRST episode of TMKOC, Jethalal tells Daya that their car has gone for repair. It was never mentioned again.

@mradulbhardwaj4134 3 жыл бұрын

I always think that they all are financially stable, then why no one have car… Except sodi as he having his garage !! 😂😂

@nabeelshaikh1103 3 жыл бұрын

Even taraak mehta had a wagon r and babita had a honda city

@mradulbhardwaj4134 3 жыл бұрын

@@nabeelshaikh1103 never seen in the show

@nabeelshaikh1103 3 жыл бұрын

@@mradulbhardwaj4134 in the intial episodes if you wanna see babitas honda city go and search it between episode no. 50 - 60. And if you wanna se taarak mehta's wagon r go and search between episode no. 100 - 115 where champak chacha is lost and jetha and taraak Mehta go finding him in tarak's wagon r

@rohitsoni9325 3 жыл бұрын

Two more point that you can add in CONS of not having a car: 1. You don't get Ola/Uber all the time. Specially in late night and early morning. 2. At the time of emergency, when we need to urgently drive to hospital/relative/friend, we can't rely on Ola/Uber.

@vivoajmerzone5241 3 жыл бұрын

Nowadays people are living far from cities due to high cost of owning a flat or renting .which makes owning a car is good decision. Moreover after covid personal car is also need of hour. And everything cannot be thought financially becoz u r earning to give itself a better life.

@STORM-nc3km 3 жыл бұрын

Get the context

@skyHigh008 3 жыл бұрын

Very good points... Really true

@ankit_singh2704 3 жыл бұрын

Also if it's raining , surge pricing becomes insane

@abhisheksharma600 3 жыл бұрын

And most of the cabs drives rash and many are not clean very dirty. Ola and Uber many times charge higher amount like 1.3 x or 2 x.

@armaanalimunnai5463 3 жыл бұрын

Ankur is the Indian uncle we all wished we had :)

@arnabchatterjee226 3 жыл бұрын

@nidhiyadav8802 3 жыл бұрын

Please don’t say uncle it hurts...he is still handsome

@arnabchatterjee226 3 жыл бұрын

@@nidhiyadav8802 app shadi karlo Ankur sir se😂😂

@KP-uj1iq 3 жыл бұрын

Tu kya school m h kya ? 🤣🤣

@MrTiwari11 3 жыл бұрын

Ankur Bhaiya should be better 😜

@hackbansu 3 жыл бұрын

Most important financial thing is missing *TIME* When going for ola/uber you get a lot of issues with booking a drive. Many times it cancels the ride after few minutes of booking. Many times you get rude drives which even abuse for not giving a tip. Many times it takes very very long to book a ride and abnormal weather conditions. Most importantly, it almost takes 2 to 3 times more time to book a ride and reach to a destination compared to you own car for short distances. The times goes in slow booking, driver roams around with the car around your house but never reaches at the pickup spot, and the list goes on. *TIME is MONEY to me* so I prefer time over my money in owning a car.

@RohanKumar-xj2lu 2 жыл бұрын

No doubt about that but think like this time spent at petrol station, searching for parking, for servicing etc. How do you compensate for these time ??

@IITIIMCouple 2 жыл бұрын

They have ola select or uber priority something for this. You don't get peak pricing and you get first preference and best rated drivers. So if it's regular cab for you then go for it

@305itachi 2 жыл бұрын

Exactly!!! The analytic doesn't take account of time and emotions most of the time. If I earn well I don't want my family to see others face. Also one should understand u need something in life to encourage u. It's all person to person. I would buy cheap new car rather than second hand. Mehnga roye ek baar.. sasta roye bar bar.

@dasamabhilash 2 жыл бұрын

Uber / ola will get you pissed of.. when most needed... or else make you pay double or thires...

@perspective3276 2 жыл бұрын

Same reason why I got a vehicle for myself. Ola is so taxing on the mind... I found myself in a bad mood a lot.

@GianetanSekhon 2 жыл бұрын

Great vidoe!!! You excel with Excel, Ankur. Keep them coming. Thanks a ton.

@chintubaba8362 3 жыл бұрын

You could consider making a followup video in favour of buying a car reconsidering following factors: 1. Resale price of car 2. CNG variant which bring down fuel costs 3. Business factors - it may not look nice to arrive at a meeting in Ola for discussing a client deal. 4. Outstation trips (though car rental is also option here) 5. It is better to cry in your own car rather than in Ola with driver consoling you ;)

@amanupadhyaynitk3292 2 жыл бұрын

It's better to have it in your own car too lmao

@mansiagarwal6904 2 жыл бұрын

If you are a garments shop owner, reply to me

@gohan12991 2 жыл бұрын

Don't buy CNG.

@sparsh5548 2 жыл бұрын

@@gohan12991 why?

@patni1234561 2 жыл бұрын

CNG cost increasing now

@rohitpatel7620 3 жыл бұрын

Next time car sales down Nirmala sitharaman : Not Ola uber ankur sir video is responsible 😆

@warikoo 3 жыл бұрын

Haha

@arnabchatterjee226 3 жыл бұрын

Rohit bhai rocks😀😀

@RohitSharma-gf5yf 3 жыл бұрын

😂😂😂

@Abhi-qr2dj 3 жыл бұрын

@@warikoo sir what about the income of your driver you didn't added that and ha 5 years ke baad to per km cost kam ho jati he usko bhi consider nhi kiya plese make a vedio again on this topic.

@anushree9 3 жыл бұрын

😂😂

@williammichael9537 2 жыл бұрын

Expect he's legit and his method works like magicI keep on earning every single week with his new strategy

@nancy1929 2 жыл бұрын

Thanks for introducing me to Mr Albert Renshu

@Luke-dr1re 2 жыл бұрын

Mr Albert has changed my financial status for the best all thanks to my aunty who introduced him to me.

@Nathan-kk1bg 2 жыл бұрын

Mr Albert Renshu he's obviously the best, I invested $3,000 and he made profit of $28,000 from my trade

@luckyhappy5485 2 жыл бұрын

Who's this professional everyone is talking about I always see him post on top comment on every KZfaq video watched

@ameharmy2235 2 жыл бұрын

I think I'm interested how can I get in touch with Mr Albert Renshu

@bonnydavis6730 2 жыл бұрын

Beautifully explained !! That was very informative ... Thank you

@AbhishekSharma-rz5md 3 жыл бұрын

I don’t know where you are living but in Bangalore you get an UBER for 25km(average) at around ₹400-600, i.e. ₹15-25/km. Coz you don’t take into consideration the other charges. Can you get a cab late at night easily? many of the cabs cancel ur ride if you want to go to airport also. And lastly - 22k/month excluding petrol🤣🤣 And then hiring a driver 😝😝

@sumedhtambat5068 2 жыл бұрын

Agree @abhishek. Including petrol price it will go 34k per month. Also if we sell car, we will get back some money which is not in case of renting it.

@hairLayer 2 жыл бұрын

This exactly what I was thinking 😂

@PramodSubramanyam10 2 жыл бұрын

Yup, the cost of UBER and OLA is freaking ridiculous. Thats y Bangalore is filled with 2 wheelers!!. Advantages of 2 wheelers- -> Can go on footpath 😂 -> Gives good mileage compared to car. -> Easy to manuever in Bangalore traffic!

@vermachint 2 жыл бұрын

Totally agree. You don't want to bang your head getting a cab late night after office. Time also has monetary value, people forget that.

@dangerboy234 3 жыл бұрын

Sir with due respect lot of holes in the calculation, dont miss lead people.... 8.5k emi includes principal, aftee 5 years you own the car and sell it back at 2.5 to 3 lakhs... so money is not entirely wasted... My office is about 10 km... never in my life i paid anything less than 200 - 300.... so per km cost is 20-30 inr

@raghu_vamsi 2 жыл бұрын

I use own car mostly for office (pre-pandemic) commuting and use quickride to share my ride. It covers 75% of my petrol expenses. Worked out very well for me!

@naveenncn 3 жыл бұрын

Many thank for sharing such insightful and value adding videos!!

@TechnoTweet 3 жыл бұрын

I collected the money for 3 years first, then bought the new Honda City full payment no loan and I am satisfied by it. I love cars and I don't care about finance when it comes to cars and bikes.

@abhishek_raj 3 жыл бұрын

Correct, some things in life should not be mixed with finance. If we just think about investing, we won't buy anything of luxury or comfort.

@mradulbhardwaj4134 3 жыл бұрын

It's my dream too to buy honda city & I'll buy that when I will collect that much amount.😁

@srinivasrao2307 3 жыл бұрын

I love cars and mad for cars, so i bought 3 cars in 4 yrs, innova, skoda, and Hyundai, i will purchase 2 more 1 is bmw and last is audi.

@mradulbhardwaj4134 3 жыл бұрын

@@srinivasrao2307 *one by one* or *together* ??

@whyzi6143 3 жыл бұрын

Same bro. Purchased my car after saving for about 3.5 years. Also worked hard and progressed in my career. Also made sure I had enough for emergency. No loan. No tension.

@melinasimranserrao6171 3 жыл бұрын

Thank you for explaining meticulously the options available, also for clearing it out how it would be a personal choice perfectly suiting/beneficial for one but not the other. This is what makes your content more wholesome and relatable!

@gsgazanfer 2 жыл бұрын

Great videos , ur videos are helpfull to everyone in all part of life . Keep it up

@khushbujindal684 3 жыл бұрын

Thank you for making such amazing videos!! Learning a lot from your advice.

@jaiminmaurya1121 3 жыл бұрын

My father always considered second hand car And then he sells it after 3 years. So we get to own new car every 3-3.5 years at only 80k to 1 lakh price for 3 years. I think this is best way to enjoy your youth and also have financial stability.

@pravin3191 2 жыл бұрын

That legend do 😂😂😂 ❤️

@sha2022 3 жыл бұрын

You missed a point. Sometimes there are situations where cabs aren't a viable option-at peak times. Cabs are expensive and also difficult to find. You talk about how time equals money, and in this case a lot of time is lost. Having one's own vehicle gives a sense of security and saves a lot of time.

@Mamtasingh-ni2fp 3 жыл бұрын

Absolutely B-cities me raat ke 2 baje kha se cab aegi, also in emergencies.

@ronighosh8867 3 жыл бұрын

Right . a srif apni batko asa rakhna chahta ha ki sunamya sahi lage asalme sahi navi ho ,ish ka target teenagers hota hai jinma Jadatar log non critical hota ha jin ka faida uathake ishbakti apna personal brand building , sells and marketing karta hai.he is a new generation Chester

@Abcxyz.24 3 жыл бұрын

@@Mamtasingh-ni2fp and in A cities, cabs are not safe in the middle of the night. He's got no point just Telling people how you can Eliminate every single Luxurious thing from your life and just use the money for bread and Butter.

@namobhagavathe 3 жыл бұрын

@@Abcxyz.24 bhai Mai ek example deta hu Ji. Mere society main 80% log ke paas gaadi hai. Agar main kisi emergency main chahiye tho kisi se bhi pooch nahi Saktha kyuki personal gaadi ho gayi. Agar woi society ka common gaadi hai tho sabka Fayda hoga. Raat 2 Bhaje bhi use kar sakta. Car personal nahi sharing hi better hai. Emergency ke liye 3-4 transporters aur ambulance Walon ki number rakhlo. Daily work ke liye bus auto ya train use Karo. Is desh ko Bahuth fayda hoga Bina kuch Kare.

@Abcxyz.24 3 жыл бұрын

@@namobhagavathe Bhai desh ka fayda aap hi kro hame zindgi jeeni h... ye bus train me zindgi nahi kaatni. Sbki apni apni soch hoti h. Yaha desh apko loot ta rhega aur ap uske fyde ke bare me sochte rhna.

@sumankumarbhowmick2383 3 жыл бұрын

I sold my first car 7 years back. I bought that for 5.7L and sold it for 4L after 5 years. With that, I can say this calculation misses a big part. Along with that my wife tried to manage with Ola Uber to commute to her work which was 15 kms some time in past. It was horrible. A little rain and she would be stuck for one two hrs before she could get a cab. She was frustrated like anything that time. Calculation with cab and all looks good on paper but in reality things are quite different. Long term renting looks reasonable to me.

@singham1708 2 жыл бұрын

It was awesome the way you've presented... U've a spark definitely... like it...

@prann2010 3 жыл бұрын

When you hear such things from a CEO of a company then we as a mere mortal should avoid showing off . Thank you Sir . Always inspiring .

@warikoo 3 жыл бұрын

I am also a mere mortal :)

@MrMiyagi005 3 жыл бұрын

@@warikoo He's trying to say mere mortal with less money 😉

@somkashyap9785 3 жыл бұрын

@@MrMiyagi005 with dramatically less money 😆

@almostcertainlynotapotato6528 3 жыл бұрын

@@somkashyap9785 With mind-bogglingly drastically overwhelmingly the-I'm-living-in-poverty-level less money

@HeartistMurali 2 жыл бұрын

Mr. Warikoo is a millionaire mortal. Money control says he earns 12 crores per annum.

@shrenikchoudhary 3 жыл бұрын

While the world is confused between two options, introduce them to a third near-perfect solution! Great video, Ankur!

@warikoo 3 жыл бұрын

Haha - thanks Shrenik :)

@swapnil0708 3 жыл бұрын

@@warikoo Sir please, make videos in English. So we can get it in better manner.

@raidon948 3 жыл бұрын

@warikoo no sir..pls keep posting in hindi only so that ur videos can penetrate more in Indian towns

@kiranmahamuni1390 3 жыл бұрын

@wariko I live in rural areas and Car is big prestige symbol. How can deal with this???

@droidgyan7205 3 жыл бұрын

@@kiranmahamuni1390 rent a car from local garages . or buy a second hand car with full payment

@shivanimahajan965 3 жыл бұрын

Excellent. Thanks for sharing your knowledge and experience

@sharjah81 3 жыл бұрын

what a balanced analysis. cant agree more. and the way you present will make the audience sit up and take notice.

@swapnilsapkal4 3 жыл бұрын

Loved the way you explained it in such a simple manner! I myself bought a used CNG car just for fulfilling the emotional aspect and sold it after 5 years of decent usage. I use cabs for relatively long distance and my motorcycle for short distances! At this point I really feel that the notion of owning a car is a scam!

@sahilsingh4529 3 жыл бұрын

I have made a habit of finding out the rental yield of properties, and on my last visit to Vasundhara, Delhi NCR. I was astonished that my friend's rental property was generating just 0.16% yield. It was a paradigm shift for me. Thank you for such simple yet powerful content.

@ManishFrenchStudio 2 жыл бұрын

Superb video ❤️ thank you

@dipanjansengupta6730 3 жыл бұрын

Brilliant: ) Thanks for putting this up for us

@santunubhaduri5353 3 жыл бұрын

Iam working as a govt.school teacher for the last 12 years..I dont have any bike or car.I use public transport and Iam happy with that...😊👍

@nilu811 3 жыл бұрын

Sure. Plz also keep just peice of cloth for daily use. U will stay more happy. Live like Mahatma Gandhi .

@santunubhaduri5353 3 жыл бұрын

@@nilu811 dont compare me with gandhi.Iam just trying being frugal.

@nilu811 3 жыл бұрын

@@santunubhaduri5353 yes Gandhi was also one. I know a state government teacher. I know him for 25 years. I see just one piece of Shirt and pant for last 25 years which he wears everyday going to school. Same old chappal repaired 200 times. His hair r full of dandruff. I don't think he ever uses hair oil. Same like u.....not even bicycle. House he lives in was built by his father. The son studies in private school ( govt. School teachers never teaches there children in govt. school) . He has never bought a small cricket ball to play as his father never pays . All money goes to bank. Entire family is so thin. Live like human being man. Not like an lizard

@viveksingh-rb1fz 3 жыл бұрын

@@santunubhaduri5353 agr Tu paidha hi nahi hota toh tera sara kharcha bach jata aur tu zada happy rehta public transport b use krne ki zarurat nahi padti😂

@santunubhaduri5353 3 жыл бұрын

@@viveksingh-rb1fz bachkana aur bewakoofi bhari batein mat karo bhai...bike aur car jo nahi chalate unka koi value nahi hota kya?

@aditigupta1473 3 жыл бұрын

I made my mummy see this video.. when he talked about investing the 1 lakh down payment money, she said "itna investment kya budhaape mein chhaati pe sajaake rakhenge?" 😂 She's not wrong 😂😂😂

@puranjanprithu6337 3 жыл бұрын

Bhai bhai bhai🤣

@sachind4009 3 жыл бұрын

😂 shi kha ye pura shi bhi nhi bol rha

@swethapavani7185 3 жыл бұрын

😂😂😂

@swethapavani7185 3 жыл бұрын

but budhape me khane k liye kuch ni bachega to bheek mangna padega. u will have lots of time after retirement. but no money. agar us waqt apke pas pesa ho to u can travel world. live a beautiful luxurious life. she is not wrong. but money is needed even after 60 to live.

@soberguy2913 3 жыл бұрын

@@swethapavani7185 as per your logic, aaj se aap sirf daal roti khana, why waste money on other foods. Daal roti is sufficient ,healthy & will save lots of money :)

@arunthomas6897 2 жыл бұрын

Well explained. Thanks

@marurram Жыл бұрын

Very informative content. Thank you!

@kumargaurav3477 3 жыл бұрын

Well balanced video.... Throughout the video I was thinking, what about emotional side of this and at the end it was addressed and an alternative way was also suggested. This made me to comment on this video. Well done, keep address all the concerns. Being financially right is not always right option, this is life and we have emotions that need to addressed as well.

@utkarshkumar6664 3 жыл бұрын

Omg this was so insightful....Never thought it this way.

@reyazk08 Жыл бұрын

I have actually evaluated both owning and subscription options and honestly the only positive of the subscription model is that you can upgrade easily however cost wise owning becomes much cheaper. Also maintenance for most is hardly 5k to 10k annually. 1 more important factor is that apart from the petrol, all other costs remain almost the same from year to year when you own a car whereas, your subscription cost is most likely to increase everytime your lock in ends. All in all, subscription is only a good option when you want a car for short term (say a year or 2).

@mhdsawood2876 2 жыл бұрын

I love your channel, this is what I was looking for ...Thank you so much for your video Great Job :)

@iArpanMishra 3 жыл бұрын

Thank you! This was much needed.

@shirazkhan05 3 жыл бұрын

Perfect presentation with Calculations. That is more convincing and differs you from other youtubers. Keep the same approach sir.

@warikoo 3 жыл бұрын

Thank you!

@arnabsingha1133 3 жыл бұрын

but sir if we buy a car we can make money through selling that car after 5 years....okk it will be depriciated but it will have same money and mostly greater than 1.1 lakh so basically ola,uber or buying is same the difference is the free driver

@komallakhwani8280 2 жыл бұрын

So deeply u think and explain,not even my perents know this .thks👍

@amollad8105 2 жыл бұрын

Omg Very well explained.

@SaugataChatterjee819 3 жыл бұрын

Nice logical video. I do want to add on a point that there's another factor which many people may want to consider while taking the decision - Family Emergency. Finding a cab in the middle of the night when your husband/wife/parent/child needs to see a doctor or rush to a hospital may set you in a frenzy

@joshfootieloud 3 жыл бұрын

Thank you so much for this. Not to be cheesy but you're like a father I never had. Wish my dad taught and explained me all this.

@MickeyAppy 2 жыл бұрын

Father???

@deepakrastogi672 2 жыл бұрын

वाह बेटे मौज करदी।🤣🤣😆🤣

@QuestWorld 3 жыл бұрын

Thanks for valuable suggestions sir 😀.

@srivastavb 3 жыл бұрын

thanks your videos have made my so financially aware

@vihari-rajupenmatsa4899 3 жыл бұрын

Subjected to correction bro😂 Final Analysis: cost of ownership after 2 years. Rent a car: 4,80,000/- Hire Ola/Uber: 5,76,000/- Own a car: 3,00,000/- Let's assume as per your example KMS commuting in a month: 2000 Calculate for 2 years Rent a car: For you it's costs about 10rs/km In a month: 10*2000= 20000 In two years : 20000*24= 4,80,000/- Hire ola/uber For you it's costs about 12rs/km In a month: 12*2000= 24,000 In two years : 24,000*24= 5,76,000/- Buy a 5lakh car as per your example: Monthly EMI: 8500/- Monthly Maintenance: 2500/- Monthly Petrol: 12000/- Monthly Insurance:1000/-(you haven't added but let's calculate) Monthly Opportunity cost: 1000/- In a month: 25,000/- In two years: 6,00,000/- After two years you have an option to sell your own car and calculate 10% depression every year. 5,00,000 - 1,00,000= 4,00,000 you should get back in worst scenario your car has some issues and it sold for only 3lakh. 6,00,000-3,00,000= 3,00,000/-

@ankitmittal6636 3 жыл бұрын

Spot on dost!!! But nowadays people just get dragged on headlines and clickbaits with any Funda...

@hardsvilla6282 3 жыл бұрын

Rental car petrol is not included

@auto_nomad 3 жыл бұрын

Absolutely correct.

@tanmayhaldar7565 3 жыл бұрын

You have not finished paying your EMI if you choose to sell after 2 years..... So the amount you get in hand will be much lesser than your calculation

@auto_nomad 3 жыл бұрын

@@tanmayhaldar7565 please show us tge calculation

@sammys5243 3 жыл бұрын

This is an extremely well articulated video..Covers everything and more with the 3rd option...Good Job Ankur 👍

@abhishekraj719 3 жыл бұрын

Sir! with due respect, all the companies including zoomcar or what so ever works for profit. U're paying them 22K a month and they've given you asset of 9 lakhs. If they've invested 9 lakhs on a car and have to make profit out of it then obviously it'll be paid from ur pocket. So is it really a wise decision????

@joannebonnett5223 2 жыл бұрын

*Despite the economic crisis, this is Still a good time to invest in stock and Crypto*

@georgeedward6246 2 жыл бұрын

The rich spend less and invest more,

@melissabrockman6397 2 жыл бұрын

Investing in these economic crisis will be one of the best thing to do,

@carlaalpentista413 2 жыл бұрын

You're right I think stock and Crypto are the best to invest right now☺️

@ashleyulloalafrance2356 2 жыл бұрын

As stock's are good but crypto is better

@oscarmichaeltorres2594 2 жыл бұрын

I wanted to trade crypto but got confused by the fluctuation in price.,

@chandrashekharwaghchaure4246 2 жыл бұрын

Hi Ankur , I think one more option you must add , “ why we should buy a Car “ coz we can rely on our own car in medical emergency , we can’t depend on Ola and Uber specially when we have kids and senior citizens at home

@parthoroy5044 3 жыл бұрын

Buying a second hand would also be a good decision!!

@maneeshk6437 3 жыл бұрын

Nope

@parthoroy5044 3 жыл бұрын

@@maneeshk6437 why?

@rajatkumaragarwal1563 3 жыл бұрын

Additionally using CNG

@abhijeetbhowmik2264 3 жыл бұрын

In long run, a second hand car would make you lose more money than a new one. Not to miss the fact sometimes a person is so unlucky, he buys a tin box in the name of cheap second hand car

@akashdasoz_yt 3 жыл бұрын

Maintenance is higher in old car compared to new one

@avinashbidkar6226 3 жыл бұрын

How the hell you read my mind always, just 30 mins before I was discussing this same topic with my friend and then just opened the KZfaq and there you are with a proper satisfying answer Thanks

@warikoo 3 жыл бұрын

Thank you

@sonamchoubey43 2 жыл бұрын

I really your way of explanatin, it is so user friendly, any one of non technical or unrelavent person caould understand easilty the things from you. thanks .

@ashishkalia2868 2 жыл бұрын

Very well explained

@samirvishvet 3 жыл бұрын

I don’t agree with the calculations, he has not calculated the resell value, also the cost of traveling when you want to go on a vacation out of town, he calculated everything but petrol for the cost of renting a car, it’s not sensible to rent a car.

@tushargarg.7 3 жыл бұрын

Yes. Also he only calculated the Cost after 5 years. If we maintain a car it can easily last 10 years and After 5 years we dont have to pay for the emi. This channel is only for dumb wanna be smart peoe

@mihirshroff6911 3 жыл бұрын

@@tushargarg.7 exactly

@nosom7 3 жыл бұрын

Strongly agreed.. paying 22k per month for rent and petrol.. aur last me resale bhi nahi 😂

@YourEverydayGuide 3 жыл бұрын

Exactly! I completely agree with this point. Cost of renting is way higher than owning a car. It wastes a lot lot of time waiting for Ola and Uber and specially when it is a peak time in Delhi & NCR very frustrating.

@Tenohekabanzai 3 жыл бұрын

BUY A CNG car

@ya5hita 3 жыл бұрын

Pointing out the safety aspect!!!🙏 A very well researched video!

@gohan12991 2 жыл бұрын

Are you that girl from Delhi?

@mahendrakolhapure 3 жыл бұрын

Sir good you clear my doubts.

@stock_suryawalker9868 2 жыл бұрын

Thnx, Mr.Warikoo. Leaving a note: Being a hardcore car enthusiast myself, buying a car vs renting all boils down to emotions. If u ask me buying a car is a necessary evil. But it is to be noted that everyine's situation and conditions are unique and needs to make a conscious and balanced decision upon it. Sit down make some charts people then take decision.

@nithinrao3435 3 жыл бұрын

Never clicked on a notification so quickly!

@warikoo 3 жыл бұрын

Haha

@nagch6401 3 жыл бұрын

@@warikoo So true...guess it was first time ....getting a feeling from heart to search for subscribing and notify button and I did it...

@shaktibrotomandal5848 3 жыл бұрын

On of the few channels from where i can learn something new everyday in a very methodical and calculative manner...Its a request ANKUR SIR to make more videos on Investing , Prospects of Entrepreneur in India especially after the union budget of 2021 , Long Term career prospects for mid 20's for future and many more.... Loads of love and respect from KOLKATA.

@warikoo 3 жыл бұрын

Sure

@lulladhirajkumar2008 2 жыл бұрын

Thanks for this video. 😀🙂

@jdsarangi1424 3 жыл бұрын

Really nice content. Very straight forward. I m a fan of your words 🙂 already taken that emotional decision few years back to fulfill my dream.

@rajuyarida 3 жыл бұрын

Great One, Ankur! But In my experience after 5 years, I can sell my car and get at least 30-50% of my investment in the car. That even decreases per km price. Even if I don't sell still considered as an asset and can get emergency finance from any local finance person on top of that if required.

@shoaibKhan-rx6uo 3 жыл бұрын

Appreciate your work ❤️

@17nirmalya 3 жыл бұрын

Two places where I cannot agree with you; 1. Monthly maintenance of owning a car is INR 2,500 !!?? I have been driving a Ford for some years now. My average annual maintenance cost is around INR 5,500. 2. You have done a comparative study upto year 5. But what happens after that? The thing that happens is that one doesn't have to pay the EMI anymore! Then your cost of owning a car becomes way insignificant than getting a taxi / car rental.

@animeshpanigrahi5053 3 жыл бұрын

Sir, you know what these huge amount of knowledge jo aap rozana youtube prr free of cost de rahe hai hume, sir hats off to you ! You are my greatest motivation !! I see u as my ideal

@kashishmalhotra6165 3 жыл бұрын

A point that I believe hasn’t been included is the resale value of the car. A car can be sold for 25-30% of the On Road Value which could reduce the overall value of the car. Though, I personally also believe that renting a car is a better option, atleast for me.

@abhayjoshi4479 3 жыл бұрын

Well if you invest that lets say 1 lakh in stock it has resell value and most likely if you invest in a good stock it's (resell value ) will be higher than Purchase price :)

@kaustubhkejriwal156 3 жыл бұрын

What about reselling the car, a car bought for 5 lakh can easily be sold for at least 2 lakhs even after 5 years. Ola/Uber make no sense to me for everyday use.

@muhammadmanna3965 3 жыл бұрын

The invested money grows each year But the car Depreciates every year. After 10 years at 10% return the 1 lakh will be 250000 but the car value after 10 years will be way more less than 2 lakhs

@SnoopNakha Жыл бұрын

Thank you, it was wonderful

@YourEverydayGuide 3 жыл бұрын

During this super hot time of the year. I take my car to buy groceries, vegetable market, nearby market to buy stuffs for home and everything else. i don't think one would ever hire an Ola or Uber for this purpose. Way costly. Video and the topic is amazing for a debate and nothing else.

@anilparmar4911 3 жыл бұрын

Partially agreed with you. Look, What is more important? Money or Time. I will choose time. Sometime you have to wait longer after booking a cab and you have also all following things as a bonus 1.Driver attitude knha jana hai ..noida nai jaunga ...gurgaon nahi jaunga ...again you need to rebook cab or cancel and wait for another few minutes 2. Sudden very high rates if rainy or late night or both , then not easy to get cab on time and you have to wait. 3. Safety (Your safety is safe in your own hands) So I thought if you could bear the cost of own car then you should go for car.

@sumeetsinghal5222 3 жыл бұрын

I remember reviewing my my uber and ola bills - they typically come down to 18-20Rs/km. Uber has stopped showing the number of kilometres travelled in their receipts to hide such higher per km costs.

@aritrachakraborty5232 2 жыл бұрын

Loved your last sentence about taking decisions with awareness. This is what I feel is lacking amongst many of us these days! Thanks for sharing :)

@siddharthreddy1210 2 жыл бұрын

Thank you for ur information. My dad watched ur video and he understood everything what u just said. We bought a Hyundai Verna of our requirements. Once again thank you

@hritikray9087 3 жыл бұрын

Sir I have a genuine query if we would always take decisions based on financial interests, then what would we do with the money that we've saved. I mean we're investing money just to create more wealth. So when should we spend it? It is a genuine query and in no way I'm disagreeing to the content in the video.

@kalpeshkalal7736 3 жыл бұрын

Spending it wisely on the things u need and enjoy. Like family vacation etc.

@rahulkrishna9375 3 жыл бұрын

Agree with you.. we earn for our convenience and comfort.

@priyankagarwal9266 3 жыл бұрын

u can spend the earned money on something that is value adding like going on long vacation and not worrying about the cost of the vacation!

@Dr.arian18 3 жыл бұрын

@@kalpeshkalal7736 what if the person enjoys driving ??

@darkhorse6774 3 жыл бұрын

You can use it in situations like funding your child's education or something that interests you. There's a concept called FIRE ( Financial independence and retire early). All this money you save can give you the freedom to retire early or start your own venture.

@HarishankarBhatR 3 жыл бұрын

Request you to add excel sheet for this. Thank you for quality content !

@mainakmallick1361 2 жыл бұрын

thankyou Ankur sir for ur every video

@buddylove7935 2 жыл бұрын

This is the same thought process I have @Ankur. Same calculation I ran my husband and family through. I feel confident and proud after watching your videos about my financial literacy.

@d2y_dx2 Жыл бұрын

He is financially illiterate.

@buddylove7935 Жыл бұрын

@@d2y_dx2 I think it's about what are your priorities and how do you decide to take a step. If you have any video that can help share it here and we can comment on how we feel just the way we did here

@marurram Жыл бұрын

@@buddylove7935 Such a cool reply to a blunt comment. World needs more people like you. :)

@auto_nomad 3 жыл бұрын

We should consider one more point which is Freedom. If you own a car you can plan a trip any day anytime. And it's way way useful in emergencies.

@bhabanitripathy6741 3 жыл бұрын

I don't agree on this point. You can rent a car anytime for a trip and to that to which ever car you want.

@auto_nomad 3 жыл бұрын

@@bhabanitripathy6741 No! Consider I book an Ola for tomorrow but I don't know how's the driver or is the car in good condition or not. Same goes with zoomcar, We don't relly know about the condition of car. and most of the times on urgent bookings you end up paying more and dont event get the desired vehicle. Imagine I have only 2 wheeler and there's some emergency at 2-3 midnight, Should I be searching for a ola or uber at that time? That's why now days car has become a necessity atleast for those who can afford it. Will be waiting for your reply! ;)

@ksathaiah7099 3 жыл бұрын

For emergency ambulance is always Der

@beenagautam7676 3 жыл бұрын

yes, i don't know, finance is like postponing everything in the name of investment?? what to invest for if I'm not the one enjoying my hard earned money?? Ola uber sucks sometimes as they don't arrive on time, don't go to your location, or keep cancelling until you finally get late for that important meeting. I am a commerce student and i do understand opportunity cost clearly, but i would not put all my emotional comfort aside like blasting my car with my favourite music, going on rides when its raining, pulling off a road trip mid of the night, or in general enjoying with friends. These little moments is what i call life cuz i got way too depressed watching these videos that demonstrate the importance of investment at the cost of life-long struggle. Investment is for sure important but putting our life on hold to enjoy the basic things is where i see capitalism winning.

@auto_nomad 3 жыл бұрын

@@beenagautam7676 That's absolutely true. Even I'm a commerce student. Infact last year only I bought Ecosport.

@saradindudey5011 3 жыл бұрын

Recently one week ago I bought a car as per my 10 times in hand salary monthly and trust me sir I did this same calculation considering these factors and still I have managed to manage all my expenses and savings while maintaining the all car related costs, though it was my emotional decision cause we don’t drive daily neither we need, but in a way I am happy 😎

@nikhilapte1179 2 жыл бұрын

great explanation 👌👌👌

@omkarjagdishgangapure6213 2 жыл бұрын

Awesome videos. Thanks a lot...Could you please share that excel ?

@RahulKumar-mr7yb 3 жыл бұрын

Ola charge around 26/km for sedan. And for self driving car zoomcar charging minimum 3k for 1 day In banglore

@VASUKIRAN1994 3 жыл бұрын

Nice video, Ankur! I also wanted to add a time dimension to this thought process. Let's say one wants to purchase a car, use it for 4-5 years(same time frame as you mentioned) and then sell it. Do you still think that buying a car would be an unfavorable option in that case? I haven't done the math, just speaking hypothetically. I actually agree with all of your suggestions, no doubt about that. At the same time I'm also curious to know how this dimension adds to the overall thought process.

@sansubr19 2 жыл бұрын

Hey Vasu. I was thinking the same and here's the math I had on my mind. 1. Say, you purchase a Hyundai Grand i10, my fav small car for 8L on-road all inclusive. 2. Say, you made a down-payment of 2L and took 6L loan for 5 years at 8.5%. 3. You'll be paying an EMI of 12,310 per month. Total interest on this is 1,38,595. You'll end up paying 7,38,595 overall for borrowing 6L. 4. Since we're in a pandemic, not all offices are open. Most are WFH. If you are from this audience and say you're having to drive occasionally only around 500km a month, so spending approx. 3200 a month at an average mileage of 18kmpl at an average petrol price of ₹112 over 5 years. 5. Since first 3 services are free for 24,000 kms or 2 years, you're only spending bare minimum for servicing in the first 2 years. 6. It is only from the 3rd year that labour kicks in. And servicing happens only once every 10,000 kms. So, the cost for Y1 = 186120, Y2 = 186120. From Y3, you're typically spending only around 5-6k if you are servicing once every year. Y3 = 191120. So, overall cost = 945600 for 5 years (add another 40-50k to this for petrol and any basic spare part replacements). Say, you clocked 50k kms in the last 5 years and you plan to sell the car after paying off the loan. Now, your car will fetch you around 4L to 4.5L in the used car market because the demand for used cars is incredibly growing and the Nios is sure to fetch a pretty good price if the maintenance has been top notch. If the car was sold after 5 years, your overall cost of ownership 11,45,600 - 4,50,000 = 6,95,600 for 5 years or 11,593 per month. Of course, I haven't considered inflation and the value of currency dropping due to that. This means that your EMIs will become cheaper for you over 5 years since your salary gets hiked. But it also means that the 450000 is actually 450000/1.20 (considering 20% overall inflation in 5 years) = 3,75,000 is the return on your car being sold in the used market. If you have the money, go for peace of mind. Get a new car. If you have less money and have ways to deal with surprises, go for a used car. For me personally, I am seeing more value in a well maintained used car.

@rahulbansal1091 3 жыл бұрын

Knowledg👌👌👌👌 This channel is addictive

@GeekAbhishek Жыл бұрын

Mast video banaya sir ❤

@akashdasoz_yt 3 жыл бұрын

Kids: Buy car Men: Hires a car Legend: Opt car rentals Ultra Legend: Buys Taxi 😆😝

@technicalast233 3 жыл бұрын

powerful Ultra legend : uses platina 😂

@akashdasoz_yt 3 жыл бұрын

@@technicalast233 😂😂👌🏻

@technicalast233 3 жыл бұрын

@@akashdasoz_yt 😂😂

@harshadparab2042 3 жыл бұрын

Double powerful ultra legends : uses Activa 😂👍

@technicalast233 3 жыл бұрын

@@harshadparab2042 Antique Ultra Legend : Uses Atlas with electric motor😂😂🛵

@vinaykumar1393 3 жыл бұрын

Thank you Ankur for this video :) But i have few things in mind - First renting a car when person has small usage everyday can be costly for cities like Bangalore or Hyderabad. Secondly Ola or Uber involves surge pricing and time taking and sometime frustrating when needed ( specially when drivers keep cancelling the ride - this is a big issue at least now a days ) . So buying a car looks a convenient option with in budget. Any thoughts on these Points ?

@urmillayadavthegrowthguru 2 жыл бұрын

Very useful information given by you,👍👍

@user-bq3jy6gp1o 2 жыл бұрын

feedback appreciated♥️ kindly reach out to the what’sapp line above for consultation and investment purposes

@maheshgate7247 Жыл бұрын

I have been frequent user of ola, so some corrections 1) You can run your car on CNG( all ola car on cng) which will gives you average around 25 to 30 km per kg, so basically 50% drop on running cost 2) ola or uber charge around 20-25 rs/km And on peak hours it goes to 40 rs/km also 3) you can always get 2nd hand car from good vender. So that way your intial cost reduced, your running cost reduced.

@umangku99 3 жыл бұрын

ola/uber is perfect for city use only but there's a need to have a personal car if one lives in villages or travel from cities to villages once a week or so. Ola uber drops to village/other small cities but doesn't pickup. So for the convenience having a car is good option like in emergency situation when one has to rush to a hospital, you can't afford to wait for an ola.

@haresh3562 3 жыл бұрын

That's what he said, it's more useful if you travel very frequently. If your city has good public transport then there is definitely no need to purchase a new car, or worst case go with the second hand car.

@umangku99 3 жыл бұрын

@@haresh3562 ola/uber is mainly in tier 1 and tier 2 cities, rarely in tier 3 cities or villages. India is way to big and although his point is good but even living in a city where ola uber is operational, a few times I really miss having my own car, there have been times when the cab was delayed and cancelled when needed to reach somewhere urgently. But overall ola/uber have been a revolution in India. I use it whenever possible.

@haresh3562 3 жыл бұрын

@@umangku99 Absolutely true, there is no point denying the fact that the level of convenience you would get owning a car is way greater than ola/uber any day! But if you are economically strong enough to manage all the ownership cost then you should not look for any other option but own car. His analysis will be helpful for those who are from middle class, have multiple other options to travel and still want to buy a car!!

@Shubham_Vanraj 3 жыл бұрын

The moment I think that will ping Ankur for his thought on this topic, the video notification drops in. Thanks for addressing it so nicely

@warikoo 3 жыл бұрын

Haha. Hope it was useful

@AnimeshDas11 2 жыл бұрын

Ohhhhh. Completely changed my perspective. And I have not yet gone into the ‘lease’ option!

@gauravsonawane9927 3 жыл бұрын

Well explained sir, Thanks a lot. The last reason you mentioned to buy a car is actually true. I can feel that same is happening with me. Thanks again :)

@suneetkhokhar8731 3 жыл бұрын

You are making us quite intelligent as per the business side of things is concerned , thank you Mr Warikoo

@abhishekraj719 3 жыл бұрын

@sambodyhere 2 жыл бұрын

Yes sir.. I agree with you. Financially hiring a car makes more sense.. But as you also said, and i agree to it... Buying a car gives you: - sense of pride - fulfilling dreams of family (parents, wife, kids) - Safety - Convenience in short and long trips - sense of ownership - family trip - emergencies - etc I think, when you are young, you should rent car and house. But once you reach a level in life, then buying an own car and house is always good.