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Owning a Car has its own Joy. We treat the car as a family member and our Joys, Sorrows and emotions are attached to it, though it's lifeless. Mathematically you may be correct by psychologically I personally disagree.

It hardly makes a difference. You will have a headache of monthly limitations on the mileage etc. Further as per your calculations also the moment one wants to retain the car above 3 years then renting would become costly. Infact renting car option is more profitable for those persons who are employed in big companies at higher income tax bracket, there the companies often give option of car renting and they give a portion of salary towards that part and thereby reducing the in-hand taxable income to the employees. In that scenario renting will give you a considerable advantage.

The feeling of saying "This is our first car" is beyond the joy of saying that "we saved 50k by renting this car". Not everything in our life should be evaluated based on savings.

Bought honda city worth 6,90,000 second hand car After 2 years it is selling at 6,25,000 Paid 95,000 for its mentainance as of now Total cost of ownership = 65k + 95k = 1.60 L For 2 years came to 6700/- per month Smarter than Ankur Warikoo ??

Even in this one life, you can’t afford a car in your name…. What gonna do with one crore at 60 years ?? Invest for tomorrow but live life today…🤣🤣🤣 when alive

" Isme kuch COPYRIGHT ya esa kuch badi baat ni hai " Can ppl see the honesty and humbleness here 👏

I wanna mention some things 1) Zero dep insurance for a 10L car for second and third year is not more than 15k So total insurance cost for 2nd and 3yr would be 30k 2) Tyres and Engine wont be changed or anything wont happen to them in 3 years and normal service cost would be 10k max So cost for 2nd and 3rd year for service would be 20k max 3) 9L car depreciates slow. That means you you can sell it easily for 6L and if you adjust inflation it would be 5L This is my calculation Ex showroom 9L Down payment 2L Loan 7L Interest 70k for 3 year loan period Insurance for 2+3 year= 30k Service2+3 year=20K Total cost 20+30+70+900+100(registration and 1st year insurance)=11.2L You can easily sell it for 6L after 3 years Opportunity cost if you invest 4k which you will save if you dont rent 4*12*3(compounded and 10 percent interest Would be 1.59L) Money after selling car=7.59L Cost of owning car for 3 year would be 11.2-7.6 3.6L inflation adjustment around 1.2L Total cost of owning=3.6+1.2=4.8L Renting for 3 year 25k*12*3= 9L Inflation adj. 8.5L (Opportunity cost) Now that 2L invested for 3year compounded =2.66L Inflation adj.2.24 Cost of renting for 3 year= 8.5-2.25=6.25 + emotions of new car Clearly owning is better

A Simple Question - When you RENT a car, you will typically get a Car which is at least a couple of years old. So, should you not have compared it with buying of a Second Hand Car instead of with a Brand New Car?

You mentioned some really good points but buying second hand car and resale value of the car and the pleasure of owning a car is not mentioned in this video.

I guess there would be some things on which we just can't agree 😅 For someone like me, paying 8-10k emi is something i can do. But paying 25k rent is just not affordable.

Value of upfront payment is completely deducted from the cost of renting which shouldn't be the case only the income earned should be deducted.

I’d like that excel sheet Ankur Sir, thank you challenging the norms! You’re allowing for a paradigm shift with all your case studies…

We had a Toyota Innova 2013 model which we purchased for 16.7 lakhs on road and drove it for 5.6 lakh km and sold it for 9.5 lakhs. The depreciation for the km of joy had was nothing.

I'm new to trading. How can I make more profitable investment in crypto without incurring much losses💥?

Totally disagree with the approach. .even if you change the car after 3 years and rent it for another 3 years. .the total period is 6. .which as per your excel sheet says Buy. .this video didn’t make sense at all. .and changes car every 3 years. .maza nai aya iss video mai

I am an investor too. And I’ve been following you regressively and appreciate your strategies. But I feel like this is a very narrow way of monitoring your money. And would end of calculating every small thing in life and wouldn’t appreciate the fact that your living life for yourself and when u work hard u deserve to have a prestige of owning something. Being very practical all of us have wants. Let’s not overspend on stupid things but I guess we deserve few wants In life to stay motivated 😅😄😄

I appreciate most videos which you create but this one is just incomplete. If you buy a car and own it, you can and mostly will sell it as well. And if you sell it even after 5 years, you might be able to sell it approximately at half the price you bought it for. But you can't do this for a rented car. And so, this just gives an illusion that rented cars and houses are cheaper. They are not. Most videos which try to explain this just forget that such things are sold as well after a few years, which makes them much more valuable "assets" than renting them. I probably might be wrong about this since I don't have numbers to prove it but is based on past experiences and what I've read and heard elsewhere.

I own a Nexon XZ+ VARIANT of 2017 model that time itwas around 8.9 Lakh on road and the car still looks new with total 30,000 km drive. Its been 5 years now and i am thinking to takethis beast for next 10 years so its one time investment but the retuen is much better than renting a car. Suppose now nexon costs around 10lakh and if you rnd it for 3 years then aslso max to max you'll save 1 0r 1.5 lakh but what about coming years you'll have to rent a new car for say another 9 lakhs for say 3 years where as the same car which is owned will barely make you spend 1 lakh( for sturdy car) in 6 years so CTC for owning=9 lakh for 6 years where as renting costs double the amount for 6 years.

My father baught Hyundai i10 asta second hand, it cost him like 1 lakh and 70 thousand. Its been 6 to 7 year. Its literally look at that time like it is a new one, my freinds think that it is new car even everyone thought like that.. I feel it was a good deal..

There are some major miscalculations. Very few people drives 1500km a month. maintenance 1.34L that is for luxury car sir. Insurance again is for luxury car. Mine maintenance for 12L car is 15000 for 3 years and insurance is 60000.

renting doesn't make sense to me . It's wasting money that too on a liability. bro you can sell your car after 3 years. Own it for 3 years pay 11 lakhs or whatever and sell it for atleast 5 or 6 lakhs ? that would make it greater than that 1 lakh difference for sure :)

If i buy the car in loan, after the tenure of EMI, i still have the deprecated asset with me holding value of least 55% of the actual value of the asset.

Mr. Warikoo, you have wrongly deducted Rs. 2,53,959/- on the rental side. It should just be Rs. 26,709/- as you haven't actually invested Rs. 2,27,250 but just referring to return (inflation adjusted) if the amount if actually invested. So actually you will lose Rs. 2,25,000/- in renting a car for three year. Please correct the math and consider buying a car :)). All the best buddy!

There were 2 friends... Both have 20 lakhs... 1 bought car enjoyed and died after some years... Another invested it scratching at every ups and downs and dies as same as his friend...

When you resale your car you will get at least something with is greater than the inflation adjusted return of the down-payment. And therefore, Buying is always better than renting..

So u end up paying the cost of car and u end up with nothing. It only makes sense to those people who are financially well to do or u change cars frequently. For a typical middle class person it doesn’t make sense

Please trying adding the diff of the EMI and rent(about ₹4000 per month) in an SIP over 3 years too at the same rate(10%) The results could be interesting

NICE INFO AND LEARNING TOO THANK U SIR U THE BEST.....EXCELSHEET

If I consider all your data right which may not be the case in real life, still I will have 4200 (yearly almost 50k)bucks/month left to invest (emi-21050 vs rent 25250). Renting a car is only a viable option when tenure is 1 year or a someone wants to change his or her car frequently.

Doesn't make any sense Calculations are just forced You have taken very special conditions. One lakh doesn't seems to be a very big amount to save when we can own car proudly. Also it highly fluctuates in favour of buying when km are changed. Still trying to understand 🤔🤔

Hi Ankur, Let me start by saying that I really like your content and appreciate all the effort that you put in to educate people. However, I believe that there are few errors in this calculation: 1. Total Upfront Amount = Downpayment + Insurance + Registration = Rs. 3,07,242 and not Rs. 7,61,742. 2. Value of upfront amount should be calculated on Total Upfront Amount and not Downpayment Amount which will be Rs. 343,353 3. While calculating the Net Cost of Renting a Car only the interest earned on the Total Upfront Amount should be deducted and not the entire amount which will be Rs. 36,111 Considering the above 3 points the Net cost of renting the car would be Rs. 8,58,518 - Rs. 36,111 = Rs. 8,22,407 which is higher than the cost of buying the car. I would love to hear from you if you feel there is something that I might have missed.

I brought a 2nd hand car i10, for 2.6 lakh, it's been a very good buy

Thank you Ankur for this video !!after 2 months of thorough analysis , I recently opted Subscription based car!! Ur video would help others to understand d n take calculated decision on buy v/s subscription/rental! Plz share this excel sheet ! Thanks for it too

Sir pls provide some excel tips for beginners like me as excel fascinates me while I see your videos ,it seems easy to use but when I actually sit on excel on my desktop it seems complicated .

Your consideration for insurance in the rest of the period is mentioned extra (considering as an example for 3 yrs) but it was already covered for the first year in the in initial row of your excel

sir you missed very big calculation after 3 year you dont have a car but the person who owns a car and if sell his car then he will be have 4 to 5 lack rupees . now add that 4 lack in excel sheet and see the difference

Maybe I didn’t follow it correctly, but did you consider the resale value of your owned car? Besides, I think it’s not always pragmatic to use excel sheet in every decision. When the numbers don’t vary by a huge margin, it’s better to avoid hassle and use all that time and mental energy in other fruitful pursuits. Maybe you’ll save few bucks here and there, but all the hassle, constraints, complications will outweigh the financial benefits if any. It’s good to think through about your financial decisions but not everything. You can freely use your own car, but will always use a rented car with degree of fear/caution and the overall joy will be ruined.

If you are falling short short on contents, talk about managing careers inside big global companies..Many people are trapped inside with different feelings

We need that excel sheet ❤️

But can't you resale the car ? Like suppose 11 lakh is the net cost after 3 years then the resale price would be at-least more than 4-5 lakh whereas by renting the car, your money is simply getting into the pocket of someone else, 4-5 lakh is the minimum that one can expect as the car is still new, so the overall cost is less than 6 lakh whereas by renting it, it will be around 9 lakh.

I think 1 aspect you missed out to add is the tax benefit/deduction when you rent a car from your CTC which will help further to reduce the costs and this will come around the cost of buying a car.

after 3 yrs of usage u can sell ur car and get 40%-50% amount post depreciation if u had bought ur car rather than renting it. That amount is more that 90 k for sure. Also it gives u flexibility to buy a new car with the money that u have got by selling ur car. In case of renting u don't get that privilege .

Its ironic that owning a car today (or renting) has become more practical and financially viable compared to using Ola/Uber. In the analysis - should have added sell value of the owned car after x years since net cost will further reduce.

I disagree with you as renting a car is more expensive for middle-class people who tend to have one car for at least 7-10 years

Cool thought and true but not usefull for folks like me as we would buy one car only which last 7-10 years Drive less and not at 1500km per month And when we do that we save money on long run which also gives good return. Subscription model in India is not for masses yet

Problem is not in buying a new car. Real problem is selling the car every 2-3 years and again buying a new one. This is where real money is lost. Instead of that buy a good car which satisfy your needs and keep it for minimum 10 years. You won’t need any excel sheet for that.

One thing I couldn't understand was how you deducted value of upfront amount from the rental calculation From what I understand shouldn't we just be able to deduct the interest earned adjusted for inflation?

I am really wanted this comparison between buy a car or rent a car. Thank you so much for making this video. Please share Excel sheet with me

I appreciate the system of thinking you're teaching here but the math is flawed. Even for a 3-year period, buying makes more sense.

I guess it more about freedom than the financial aspect of it, as renting a car you don’t have to think about all the maintenance insurance and xyz. But on the other hand buying a car might cost you 7 Lakhs but by the end of 3 years you can sell that car too. So it always going to be better financially to but rather than renting. Because you can sell your car by the 3rd year.

I am really a great fan😂....not just a fan actually i try to follow you in my life and i get success too in this...imagine a heart and beautiful reply from you si🤞r....you are awesome and genius for me❣️...and thank you so much for everything and being in our life by KZfaq and other plateform 💙

Sir excel sheet please !!!! Love the idea and the calculations

Please share this Excel sheet so that everyone can do their Math Calculation for Renting or Buying a Car. It would be good for Everyone to their Math for This Aspect

Lots of people don't get this simple logic. As you can see in the comments people are more concerned with telling people "I own a car." I have owned a car, people overrate that feeling. I mean why are you even concerned what others think of the car u drive 🤦🏻. The rationale eludes me.

One question: What if I include the salvage value? That will change all the mechanics in my opinion.

yes Ankur.. pls share the excel sheet.. I am planning to get a car ..this will surely going to help me in finalising the decision for buying a car or renting it through company lease..

Ankur sir please do share the Excel sheet

Would the same logic and math apply for a car whose price is over 50 lakh…like a jaguar or a Mercedes?

amazing analysis. I always learn new thing in every new video. This is environmentally efficient also.

Hi sir! I think we need to consider the resale value of the car as well. This way no matter what, buying a car only will come out as the final decision.

Sir can you make videos on new topics

Pls share the excel sheet ! It makes lot of sense to me ...i also want to see what happens when we opt with reduced kms and higher holding period...Many thanks in advance

M owning Swift dzire since 9 years n still getting resale value of 3 lack which I bought for 6.5 lack so buying is better option for me always

Calculation is somewhat correct if you are salaried person. For a Salaried Person I think it will be great to have a EV if company provide EV station in Office Parking. Please do 1 detail video with EXCEL for owning EV, owning car and renting car. For a Person who is owning a business and buying a car in business name they can claim 15% Depreciation cost. For them it will be fun to buy a car.

Personally i feel if you are financially very strong & have money lying for no use you can buy a car. For people who are very smart with money game & 3x - 4x (even multiply by higher number) their money every year. Its best for them to rent a car as we will want to buy new car every year as our financial game increases. That's why now a days people are renting all types of cars from Maruti Suzuki to Lamborghini. I personally feel renting is better

Vehicles are depreciation asset. It has nothing to do with saying like family member attachment all are modern way to show empathy. The best way is to buy a good second hand car which will save you from registation, First insurance and EMI.

Hi Sir, One point not included in buying section, post 3 years period money (at least 50% of the ex-showroom cost) will be received upon selling the car.

I was already searching for the excel sheet but at 16:16 I realized it isn't shared :(

I’m a diehard fan of Ankur Warikoo but when it comes to buying a home or car , I reject his ideas. The only two aspects where I feel that emotions triumph logic . Let’s all try to increase our net worth. Something I do and encourage others to do as well.

You forgot one point in this calculation that if I buy a car, the I can sell it and gain some money.. But you can't do that with your rented one.... So I will buy a car... Will keep it for 3 years.. And will sell it for 5,6 lakhs.. So it will still be much better deal than renting a car I guess.. What do you think guys??🤔

Ankur ji, please share the excel sheet, it will be beneficial for most of the viewers. Loved your content so much.

Most of the comments are about "how indians are emotionally attached with their car".. but this is not something that we need to know through a video. Ankur is helping us to look at the mathematical/profitable aspect of a car. He's not undermining the emotions though. So, just sit back and watch the video, my fellow Indians!

You are the one the teenagers need ❤️

Hi Mr. Warikoo, a major miss is not considering the resale value of the brought Car. After 3 years, if you get 50% of the Ex-Showroom price, i e. ~4.5L, it will be much better than renting....!!

I wonder , had he put in all this work and effort in building a start-up or creating more businesses like near by , he would have become a multi- billionaire by now and not be selling time management courses or renting daily use stuff. Ps- I like his videos but man! making 12cr+ by selling us average courses( kabhi time management Ninja , kabhi great public speaker ) make him a slight annoying and doubtful personality . Also his fan reading this can consider me as his hater but I'm just putting my thought that I have gathered by seeing his content and his irritating adds. Boy wants to make bags 💰💰💰 ( passive ) by selling average books and courses . So disappointed by buying your book . U just wrote it to make some passive cash . Book is genuinely an Epic shit !!

I would like to have access to this Excel sheet. Love your content Sir❤️

Owning a car is an emotion. Personally I think we can't and should not put price tags and apply mathematics in every aspect of life. There's a reason why 99% people prefer to own a car and not rent it ... It's because when we buy a car or a house it signifies Yes we have achieved something in life

Hey Ankur Your videos are amazing. I am glad to hear that you are from Faridabad as I live here too. Would love to meet you some day. 👍

Ankur sir when you created a video what is actual value of 7 lakh rupees car i watched that video and i was literally shocked that is first video i saw in your channel and after that i love this channel and i watch every video of you your videos always inspire us and give the prospective to live a life and taking disision in logical way Thank you Ankur sir ♥️💙

sir you should have also added fuel expense which might have given more clarity

Hello Sir, Can I get access to an excel file?

Hi Ankur I liked your approach of renting a Car, please share your excelsheet. Thanks in advance

Ankur, your thought on car rental is phenomenal.please share the Excel sheet with me

There are a millions of problem we need to solve in India. After hearing you from quite awhile I feel your energy should channelise to solve those million problems. There are millions of people who would never get to hear you as they are not that much aware to attract your advertisement. They need you more than the people who see your advertisement.

I can understand 😭.. the pain of cancellation at the nick of time. And the Stories.. Thanks Ankur.. please share.. would like to do my analysis of buying a car.

I would also highlight that if you stop travelling / going for Holidays/ going for international trips/Going eating out/ going for partying instead invest in stocks / sip you would save so much more and grow your money!!!

I have Bought Tata Nexon before 2 Years for 10.5L ...Now the car price of new nexon is 12L... On 2013 I have bought Maruti Ritz for 5.8L and sold for 2.3K after 6 Years of Usage....my experience owning a car is better if you decide to use more than 5 Years

Majority of the people in India, buy a used car and then keep that car for at least 5-10 years. I am using my Bajaj Discover from last 11 years with regular maintenance and service.

This has a major flaw. You should only deduct the extra interest earned with the downpayment amount while renting the car. The downpayment itself should not be deducted.

Hey Ankur, would you mind sharing the xl sheet with me. I like the concept, it will help me to buy or rent my car

@wariko kindly provide the excel sheet. I was planning to buy the car

Hi Ankur , just a question has popped in my mind . After three years of ownership if i sell my owned car , i would get 50-60% money back . Correct me if i am mistaken or missing a point in your calculations. Thanks for help

this is fantastic video. Excel sheet will help me to do more analysis, if u could share that will be helpful.

Nicely explained! Please share the worksheet

So buying a car and putting it on rent ( renting a car for side income ) is not a worth idea ?? Always , eye opener video ... Thanks Ankoor !!

Great Analysis ! 👍🏻 Please share the excel sheet 🙏🏻

I’d like that excel sheet Ankur Sir, thank you challenging the norms!

I think you have a really valid point..maybe I can now change my decision to owing a car rather I would rent a car..

This is 4th time he is making the same content.. agin and again