Why Poor People Are Buying Luxury Cars ?
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Published 2024-01-07
In this eye-opening exploration with Aditya Saini as we unravel the often-overlooked financial implications of car ownership. In this thought-provoking video, Aditya delves into the reality behind the shiny exteriors and high-speed adventures, breaking down the business case of how cars can be a silent drain on your financial well-being. Learn How You Can Buy Your Dream Car with Proper Financial Planning in this Video.
Key Topics Covered:
Depreciation Dynamics: Understand how the value of your car diminishes over time, affecting your overall financial standing.
Hidden Costs: Explore the often underestimated expenses associated with car ownership, from maintenance to insurance and more.
Opportunity Costs: Discover the alternate investment opportunities you might be sacrificing by allocating a significant portion of your income to your vehicle.
Practical Tips: Aditya shares actionable advice on making informed decisions about car ownership, optimizing your expenses, and maximizing your financial potential.
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All Comments (21)
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I belong to a middle class family. We bought a car a year ago. We are capable of buying a compact SUV or a top variant of a premium hatchback on loan. But we decided not to take loan on a depreciating asset. Considering we are a small family and getting all the functional features, we bought a mid variant of a small car by paying full amount on cash. We are very happy with our decision and now we can spend the rest of the money on fuel and maintenance of the car by avoiding the car loan.
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Here in France there is a rule that you can't borrow more than 33% of your salary, it was done to protect consumers. Issi waja se yahan pe no flashy cars and people dont go too much in debt.
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I called this chapri trend ššš
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Car is a short term satisfaction, It is very strong statement to realise.
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Agree on benefits of 2nd hand car. However, one more point to consider is ever since the companies have entered this unorganized 2nd hand market, the prices of 2nd hand cars have substantially gone up. I had been looking at these websites to find a decent 2nd hand car however, I have found the difference in 2nd hand car vs 1st hand car isn't what used to be a few years ago. These companies have started taking huge profit margin as brokers.
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Very true video by Aditya saini. This is reality in today's world. I have seen many SUVs in my area. Mostly People bought because of Social Status (Instagram), when actually they don't need it. People who are middle class and working in corporate offices want to show the world that they are rich and wealthy,in reality they are not.
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My age is 39 and buying a used car is always what i preffered since i am driving and from past 15 years i am opting only second hand cars... ur video made feeling proud on my choices and decisions which i took thanks.... my current car is altis 2010 model petrol and my next car is audi a4 2013.diesel.....
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In my opinion, instead of so called premium feature (electronic seat adjustments, premium sound system, sunroof etc) car manufacturer should focus on providing features like ADAS and 6 Airbags even in base varients
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Today: How do cars make you poor? Next: How do houses make you poor? After: How do marriages make you poor? Later: How does everything make you poor? People need to understand that everything cannot be seen as an asset or liability and people who make this video have their own house/car, are happily married and settled then why are these people in the horde to influence others?
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All the memories me and my family made with our cars are priceless,no amout of depritiable asset crap can make me regret purchasing cars.
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Best part about this video is that. It does not contain any sponsored from anyone.
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Thank you for guiding usā¤.. in this world where all my cousins own a car I get desperate and think of buying a compact SUV at the end of the day. This video opened my eyes thank you so much
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Back in 2019 when we decided to purchase a 4-Wheller, we had enough budget to buy a sedan but we prefer not to take loan instead bought small hatchback Santro that never Disappoints usā¤
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BGM is irritating (chng kr lo) and volume bhi jada h
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This is so true. My dad bought a kuv 100 3 years ago at 2,21,000 and after 3 years he sold the same for 1,80,000
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Aditya, donāt be discourage becoz your video do not have more likes than any other YouTuber. Your content is far better than other YouTuber. Your content will speak about your future. Keep it upšš»
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Our ambition should have to become rich not to look rich š
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Moral of the story - Be a businessman or a politician to live your dream life!
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I was planning to buy a car on EMI by taking loan from bank. But now, after watching your video my mood is very upset.š¢
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Bahut achhe subject par vedio banai bhai.. I'm financially very stable upper middle class person with income of 20+ lakhs per annum But I drive 2010 Non AC sentro Xing Car & I'm happy with it. Car is for my necessity not for my luxury.
