Shocking Reality of Buying Luxury Cars Revealed | The 1% Club Show | Ep 8
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- เผยแพร่เมื่อ 20 พ.ค. 2024
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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
TH-cam : / @onepercentclub12
#financewithsharan #finance #sharan
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
This is how you conduct a podcast. Let the expert talk on their topic and as the host, ask great well reserched questions.
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
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.
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.
@@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.
@@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.
@@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.
This is the example of a unique topic and type of podcast we can do. Please bring in more of such type. Thanks.
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.❤
So informative! This is one of very few YT videos I watched without fast forwarding!
I almost never comment on TH-cam videos, but had to mention the fact that this guys seems to be a Humble guy who has some good communication skills.
Appreciate it !!
It was quite an informative show and i enjoyed watching it. Keep up the good work , good going Ramesh
I appreciate Ramesh's candid insights into the luxury car market
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.
I think much more wider available cars such as the 911 platform of Porsche also appreciates
McLaren Speedtail and Ferrari LaFerrari is also in appreciation
@@Deepanshu_hooda yes coz they are in a limited production run
@@pavitravirani5293 Yeah majority of the limited production cars appreciate in value
@@pavitravirani5293 that's the main reason
Quite insightful episode Sharan! Looking forward to a part 2 with Ramesh Somani.
Soon! Thank you :)
@@financewithsharan yes! need another episode with him
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❤
Thank you so much :)
Damn Man!!! I really loved this one. The way the question and answers. Thank you both ❤
Thank you so much
Very well narrated q&a that gets completed before our attention span exhausts.
11:14 Ramesh being extremely honest 😅
This man is just amazing!! He knows everything…. well almost everything about luxury cars👍👍 loved the content of the podcast 👏🏻👏🏻
Thankyou
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.
Very knowledgeable guy and he knows how to out forward the points in a conversation
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 .
For kind information to other, he owns BREN Corporations which involved in real estate in and around Bangalore .
There are 4 competizione in india
Your questions were on the Mark 🎉🎉,, superb 🤘 Bro
Simply awesome interview . Something new information of 1% club.
Excellent and Unique content. Thanks brother 🎉❤
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.
I love the way he asks questions like a curious kid, i got all the answers to the questions.
Loving the 1 percent club. Keep them coming.
Being auto enthusiasts I can feel the podcast thrill
Sharan bro this some serious motivation video for everyone,thank you for this video 🙏🏻❤❤❤
Glad you enjoyed it
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.
I learned something new today... thanks to both of you
Very very nice and practical discussion 👌🏻👌🏻
Amazing video bhai 😊❤❤❤ Unbelievable fact of ultra rich people 💎🙏🥰❤️
Listening to Ramesh was really informative
Hats off Sharan, you've the ability to keep the storm at bay. #iykyk
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
Why do people buy a old car when the new one is cheaper?
@@karthiksudhan3406sale of mustang is stopped
Wow! The best content for a car enthusiast like mee!
Sharans ability to navigate through complex topics and extract valuable insights is truly remarkable.
Thank you so much :)
Agree
18:53 dubibudidubu
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."
Most interesting podcast 🎉
Amazing amazing podcast.
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.
50,000 crore = 6.2 billion dollars
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 ?
Appreciating cars in the future are Ferrari 458 Italia.
Ferrari 458 speciale.
SLS AMG.
GT3 manual.
Gt4 manual.
Svj.
And all other hyper cars like Pagani, Koenigsegg, Bugatti and more.
@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! 🎉...
Well said though. RSQ8 is one of the most underappreciated luxury sports suv. One of my favourites over Urus
Bmw X5
Superb video 👌 very informative
Such an important topic 👍
Please make more videos of reality of finance of supercars ❤
Informative. Good stuff
Got motivated by watching this video❤
Icici Lombard gives NIL Depreciation or Bumper to Bumper insurance till 10yrs.
Power Of Stocks -- Shubhasis Pani (Stock Market Trader) Buyed Lamborgini Urus
Great Topic !! learnt a lot of things !
Don't know who the guest is, but love him
I feel we should learn to make these super cars
Why we are not making them when these many enthusiasts are ready to buy at 2 X price !
Very good content. Unpacking it for the non technical people.
Happy for those who are able to get their hands on such vehicles and such life .. they would've for sure worked hard for it .. main apne bullet me theek hu ..
Loved it. I never knew any of these things before.
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.
Watched non stop !!
great podcast. enjoyed it.
9:38 The laugh for no free service😂😂
This person legit knows his stuff
New cars getting more expensive is inflation, not appreciation.
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Run a quick online research with her name.
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Crypto has opened doors for global financial inclusion. It's time for a more equitable world!
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
Amazing Insights 🔥
Mostly super car gives mileage above 5kmpl and they have tanks above-70-80 litre, so even lowest mileage car you can do above 300km 👍🏻
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
😂
Nothing wrong in that. You consume what you like, only.
bro living my dream life!!
Amazing...................
Every car guy dreams to own these beauties.❤
Correct.
lovely content Sharan sir.
Wow Nice Video I enjoyed ur expression (9:15 to 9:45) time lapse
Good Podcast. Is there a complete video to watch..
perfect host and perfect guest . enjoyed every sec
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
Amazing knowledge and enthusiasm
Wow ,nice interaction
16:45 Nazar will come😂😂
That's Awesome content!
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 .
Fastest car is now rimac nevera❤...but man salite to u and saran...so beautiful so elegant just sounding like wow😂....❤❤❤❤🎉
Owing urus is a far sighted dream. Owning Alto now is not a reality 😂. But the motivation I got from this video is what I needed not because of owning a car but to keep grinding and never give up. Skill up, keep the hustle.
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").
Very practical guy. 👍
From Pakistan, Learned a lot from your video
Sir forgot the mighty RIMAC Nevera❤❤❤
Really enjoyed this video❤
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.
Oh yea! Thanks dude, been looking on a way to get his contact. I’m happy I came across this now.
Very informative video Sharan, beep boop beep boop.
Thank you :)
Fastest EV Hyper car is Rimac Nevera. Rimac is now a joint venture with Bugatti
Bro is a pseudo enthusiasts. He wouldn't know that. If an enthusiast wants a Bugatti, there's only one. The cheapest. Rest all Buggati's are the production game and that's all. Go buy a Chiron. Maybe a SS if you dig top speed.
@@kushagrasaxena9458 Get your facts corrected Rivac used to be one, also do you even know how many variants of buggati are there? its just not Chiron , Please get your facts checked before your call your self a true enthusiast
@@exhibitmagazine all current variants are based on Chiron. Same platform, same W16. The only difference between the variants are designs and production units. Go eat a brain somewhere else.
@@kushagrasaxena9458 Can't believe how TG actually sold themselves to a chump like this.
@@kushagrasaxena9458The cheapest Bugatti is actually an electric scooter
Rimac Nivera R - fastest EV; also from VW group. Rimac and Bugatti have merged.
Bro really said those people don't even know what they are buying 🤣🤣🤣🤣 it makes sense.. that's what we call blind rich..
Wo man not even a second skipped well scripted q&a👌
Stumbled upon this podcast out of nowhere. For a Nepali car enthusiast something like an Urus is beyond the wildest dream. The Tiago costs 32 lakh NPR here. Every car gets slapped with a luxury tax.
Is this a clip of a longer video ? Odd that this didn't start with an intro😅
thank god for internet man, schools would have never taught us this
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