When Should You Buy Your First Car? | CA Rachana Ranade

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Title	:	When Should You Buy Your First Car? \| CA Rachana Ranade
Lasting	:	20.08
Date of publication	:
Views	:	465 rb

So here's come used car market Don't flex (being an automobile engineer)
Comment from : Ritik Arya

After your video, I am getting recommendations for second hand cars 😅
Comment from : Bahuguna Family Vlogs (BFV)

I have 10lakhs in my hand Instead of buying it in full cash payment mode I invested the 10lakh in Mutual fund SWP scheme and bought the car in EMI Used the 1 SWP withdrawal amount every month to pay the EMI At the end of 8 year EMI period, my entire capital of 10lakh remains the same and will use the remaining amount to pay of the balance loan amount
Comment from : Edwin Grigary

My advice Don’t buy car on a loan Grind it out, wait if possible It will help you later Avoid loans at all costs unless its an emergency
Comment from : Nikhil Keni

Really great explanation ma`am👌👌
Comment from : Eagle Trading Club

Hi rachna,brGreat knowledge videobrAakhe khool di
Comment from : neeraj sharma

Subtitle is overlapping Rest is ok
Comment from : learn with bhagat

You know what, income increases yearly at 10 percentage But car prices increase 20 percentage
Comment from : Arghya Jana

There’s only one rule: YOLO 📈😂
Comment from : Nimish Khot

11 months ago Watching this video to Meeting you in person at seminar It was great pleasure to attend your seminar Truly Inspirational!! 👍
Comment from : दाढीवाला Traveller

When u go for meeting and functions every one comes by a car and people judge sucess by car Some time I feel embrassed How to overcome this feeling
Comment from : Jayashree Shinde

Ahhcomment section is soo interesting I had to rewind this video multiple times
Comment from : aniZ ahmed

ghanta koi farak nahi padta paise hai to kharid lo if any person is in private job save 10 lakh and buy a car , if you are in govt job take loan and buy , Itna kya sochna
Comment from : naveen kumar

Madam, you have not calculated income tax while calculating the salary, you directly dividend income by 12
Comment from : Yogesh Nikam

Thank you so much for this video Rachana!
Comment from : Awp Harsh

😂
Comment from : Kabir Singh

Depreciation
Comment from : Kabir Singh

I can't purchase my fav car
Comment from : Kabir Singh

Boom 😂
Comment from : Kabir Singh

Boom boom boom boom boom
Comment from : Kabir Singh

Jatt Da Vinci
Comment from : Kabir Singh

Buy a car , use when u need and other time put that on rent, make money from depreciating asset 🙏✌️
Comment from : Jiyaur Rahaman

Too much ads
Comment from : Abhishek Bhandare

Still few things like car home these are emotional decision which can't have excel logical answer it also depends on individual to individual because I'm full time biker and can't stand car at any cost I just don't like cars
Comment from : Syed Imtiaz

House is a depreciating asset! Isn't it?
Comment from : p santosh

Can I apply this logic to buying a bike as well?
Comment from : Saatvik Koul

Your means is that no one should buy a car🤨
Comment from : drjagdish kanzariya

Summary avg salaried person should buy a car after retirement
Comment from : Apurv Gholap

Alto 800
Comment from : Rajesh

thankyou
Comment from : Joseph stalin

What is one going to achieve after saving most of the earnings and passing it to next generation one fine day
Comment from : Uday Bhaskar

Thanks rachna its just beautifully explained
Comment from : sanjeeb mandal

Thanks a lot mam you are given excellent financial plan for car
Comment from : Dr M Yugandharudu

Second hand se kaam Chalana parega
Comment from : Corporate Rider

Man, Is zomato appreciating asset or depreciating asset🤔
Comment from : siva perumal

Saving karte raho fir raat ko sote reh jaao( marr jaao) kya pata
Comment from : God Kumar

Great video
Comment from : geeta Kendre

Buy Tata motors shares and buy Tata cars
Comment from : Thomas Jefferson

Amazing explanation
Comment from : Ruchir S

guys say no to EV's
Comment from : Karthik Devadiga

Annual income 7L and monthly income 5833333 💀
Comment from : Maalik_Bahot_Bade

♥️♥️♥️♥️♥️🙏🙏🙏🙏🙏🙏🌹🌹🌹🌹🌹🌹💐💐💐💐👌👌👌👌👍👍👍👍👑🏆☕
Comment from : RS Education

Nice formula
Comment from : Patel Malav

If Car is on my mother name and Loan is also on her name but It is used in my business and EMI also deduct from My business account than deduction of Interest expenses avail in business or not ??
Comment from : Sharad Motisariya

F your calculations
Comment from : Ayush Yadav

Thank u very much ❤ I have postponed my plan now 😅
Comment from : Prashil Gadge

Beautifully said 👏👏
Comment from : gokul gio

Great Madam its, very useful for everyone's Thanksgiving this knowledge
Comment from : ganesh bharsat

I have old parents, should I buy a car for medical emergencies?brI can buy a car without any loan
Comment from : abcd

excellent explanation, thank you maam
Comment from : Pauls

You speak English but muje lagta hai Aap hindi mein yi bol rhai ho English very good in video
Comment from : Darshan Patil

Should we follow 20/4/10 rule even if we do not have any other loans apart from house rent?brbrI mean to say can we go beyond this rule to buy a bit more expensive car if we do not have any other loans apart from house rent?
Comment from : Piyush Chaudhari

I’m willing to pay 5lK Down payment for Venue S which cost 960 on road I’m salaried earning 55k PMSingle person Is it okay if I buy Venue S by financing remaining amount? Friends please help in making good financial decisions
Comment from : Edel Jamz

Hi Rachana can u please explain which is best option to buy a car through our own financing or buying through company car lease option please help us
Comment from : Parvathi Hazaru

U should also consider car is being expensive day by day
Comment from : ABC General

Why is that a person has to take a loan to buy a car??? brIf I have saved money for past 12 years why can't I buy a car in cash or in check transaction!!
Comment from : Elvies Mascarenhas

Thank you mam 🙏🙏
Comment from : Anurag Dey

Thank you mam 👍🙏 mast explain kel aahe tumhi
Comment from : SIDDHESH PATKAR

Hello Rachna Ma'am, could you please let me know if buying a second hand car is a good idea? Any guidance around that would be helpful, thank you
Comment from : Amrita Mundal

Please suggest some mutual fund for long term
Comment from : KARAMNA ???

Before buying a car make sure you have parkingbrbrNice house with parking space
Comment from : Mandar Gokhale

When you have parking space
Comment from : Suresh Manche

Contradicting her own rules
Comment from : Rajeev Kumar

Once you get money for brands and fake paid reviews 😉
Comment from : Rajarshi Dixit

Worst video ever come across As per this lady middle class family cannot afford to take a car, if some how decided to take go for nano like cars Madam you and your ideas uff You are such a person keep saving the money don’t enjoy and start enjoying with savings in your 60’s
Comment from : dhananjay srinivas

I m thinking of wen to buy bike but ur making abt car😁
Comment from : hanamanth_vlogs

By this calculation, to buy an Alto 800, you would need to be earning approx 90k per month! What?! 😅
Comment from : Joel Gonsalves

Thanks a lot madambrFor always right direction given to students 🙏
Comment from : Viral Padhiyar

Our family bought our car 23 years ago when we neither needed it nor could afford it As most Indians we bought it due to relative reasons (read : our relatives had a car) The post purchase expense cut badly into our budget: if you keep the car in garage, engine will rust away ; if you take it out, the car just DRINKS petrol Also neither of my parents knew how to drive a car even though they had a licence My mom promptly crashed the car to an electric post My dad still doesn't know how to drive None of us are crazy about driving in the city traffic So after 23 years the car has ran less than one lakh kilometersbrIn addition to the financial lessons, we learned enough about our personal preferences Now when my colleagues ask me to buy a new car and says 'don't be such a miser yaar!', I smile and ask 'is there any modern car which will start after being idle for a month? Mine starts even after one month'brbrOur Maruti Zen sits proudly in the garage It is a beautiful car
Comment from : Amritha AJ

You forgot to explain the car lease option for the salaried employees and its tax benefits Depending upon the GST and Cess charged on the car, the lease can end-up looking like a 0 interest loan
Comment from : Maitrey Kamble

Why ambulance are there for?
Comment from : Sidhant Khamankar

You gave good decision making factors to consider before buying a car, but trust me people earning less than 6LPA are having cars now They are ready to pay for Convenience sake and Cars price are going above Sky now It's better to buy a car if purpose is necessary and pay for the convenience I am an Entrepreneur, I bought Fortuner now I have money to pay Hot Cash and buy it immediately but still took loan coz I plan everything properly and my decision don't make me bankrupt and suffer When you plan properly and good in decision making, these factors are nothing to consider Just go with the flow and buy the car and create memories with your family
Comment from : Venkat Ramanan Ranganathan

I bought 135 lac without pay single rupee on loan
Comment from : Chetan Borkar

Thank you so much for this video
Comment from : Janhavi Kulkarni

Business owner here: depreciation, gst, fuel expense, and even maintenance is shwon as expense
Comment from : Pranav Vashist

arre yaar ye EMI barne ka shaukeen kaun hein unless you use your vehicle for business/ and you dont have daily commute needs tied with your vehicle/ dont buy a car at all with EMI First save your money and buy when you can pay in full// bus mein jaoo jab tak
Comment from : River

Buying a car is just dumb no matter how you look at it If at all you want to buy one it has to be for the entire family of 6-8 members
Comment from : Ajinkya Katta

When u have enough money and u r ready to loose it
Comment from : Deepak

Awesome Maam Subscribed!!
Comment from : GlueD

Complicated unnecessarily
Comment from : Dhiraj Agrrawal

Considering a generic emi of a good safe car nowadays, it can be in a range to 25k-35k per month So for it to be 10 of your income, your income needs to be 2L to 4L per month For someone to earn that much per month, is not a usual scenario A very few of indian population earns in that range and that to if they belong to Tier 1 cities For Tier 2 to tier 3 cities, that comes after some good years of experience By that time one will become aged or maybe like in late 30's
Comment from : Nitish

Only 20 mins long video ? 3 hours ka banao yaar We have full on free time to watch such video
Comment from : Mittul Thawani

Could you also please cover how best to accumulate the money for down payment? I personally feel we should accumulate about 60 of on road price before going ahead and buying the car However, given taxation this huge amount may require some financial smarts which I hope you can help with so that this fund is not reduced when withdrawing/deployingbrThis will still leave the remaining 40 to be funded through a bank loan but that can be taken with option to foreclose without penalties The core objective being reducing the interest burden from bank loan to minimum, even when the bank front loads the EMIs with interest Also to be able to foreclose the loan in 50 of the original tenure (try to have total tenure within 36 - 60 months basis amount needed)
Comment from : Nishant Singhal

pls share video about how to get rid of car emi as soon as possble for the salaried people
Comment from : Spice it up

Your too 😎
Comment from : Humaira Ali

Thanks 👍
Comment from : Aniket Chavan

Ideally one should buy a depriciating asset only when the person can buy the car in cash and not feel the pinch
Comment from : Shankesh Shah

matlab kuch bhi video
Comment from : Sachin Beejady

Madam Hindi me video banavo to 10 times view ho aapke
Comment from : Rahul Yadav

Car is a depreciating asset But a sasta 2 electric wheeler should do In today's age and time, we can make do with Ola, Uber, Droom, etc
Comment from : Arvind

Super and educational explanation Thank you
Comment from : Niranjan Paranjape

Khup bhari Exactly same way Home Buying varti ek video banava
Comment from : Vinay Pitre

Madam, In that way according to your 20-4-10 rule we should not buy a car before earning 15lacs atleast and that too a under 10lac car Because on an avg an EMI will cost 15k per month brbrHave I got you correctly ?
Comment from : Bhabesh kumar Panda