Used Car vs New Car? What Makes Sense Financially?
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- เผยแพร่เมื่อ 7 ก.ย. 2022
- Used Car vs New Car? Financially What Makes Sense?
We understand that buying your 1st car is largely an emotional decision for most of us - but most of us would till want to know the cost differences between the 2 over the long run.
If you think about it, owning a car is a very complicated decision - which car to buy? Petrol or Diesel? New Car or Old car? etc. Through this video we'll try to simplify atleast one of these decision for you - Should you buy a New Car or an Old Car?
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If u are assuming that the car mileage will decrease for old car then u should consider it for new car too as it will also start giving low mileage after 3rd year😀
ye badhiya tha guru!! 😂
True with diesal
But petrol have consistently gives u 10 kmpl no matter its brand new or 10 year old 😭😭😭
ha yr baat to sahi hai
Thanks for the comparison video! Is it possible to create a similar video comparing old house/flat with new!?
Whether to opt for a new or used car entirely depends on how frequently you are going to drive the car...if used sparingly...i think second hand car would be a better choice
Yes absolutely right
Hey! I am going to take a New car loan from pnb and their floating interest rate is 8.7% and fixed is 8.2%, I dont why in pnb fixed int is cheaper then floating also I am going to prepay my loan in 2-3 year but it am taking it for 5yrs due to less burden in monthly EMI and as I know there is prepayment charge in fixed int loan amount but pnb is mentioning this -Fixed rate: @2% on the outstanding pre-paid. However, no prepayment charges to be levied :-Where the loans are prepaid by the borrowers from their own sources.
Please help me in this .
Also if pnb wont charge on prepayment of fixed interest loan then dont you think its is very loss for bank like first fixed int is less than floating also if I prepay then bank will loose if it wont take any prepayment charges
1. The money I saved while buying used car, would be invested. And now calculate and subtract returns of saved amount.
Things are not that easy.
2. I will put some cash borrowed from my friends, that's intrest free. 😀
If a second hand car is in good condition then the cost will be too low as compare to first hand
Less driven second hand car ki maintenance cost bi less hoti h or mileage bi same as new....or new se kafi less me milti h or sale krne pr bi new se less lose hota h.....
Hi.. How r u?.
Mera ek question hai plz reply.
Mai apne sabhi academic documents apne posting department me verify k liye submit kiya hai. Or abhi tk mujhe return nhi mila hai. Aisa koi ruling hai jisko lagake mai apne stuck documents wapis le saku.. Jo ki 4 saal se fase hue h
Hello mam a very important question to ask i recently made a payment of college registration form now i want to cancel it i want to know is there any way i can get my money back i mean if i tell bank that i have mistakenly made the transaction will i get my money back???
Congratulations for 1 million Subscribers in Advance 😘
Can you please share the spread sheet of this ?
1-2nd hand car can be bought in Cash. It can save half money and invest same amount in equity.
2-If use is less all calculations goes in favour of 2nd hand car.
3-New car will also depreciate alot and avg will come down in 2 years
2nd hand car bought carefully will save alot for middle-class.
I bought a used car and sold in 1 year at exactly same price I bought it in 😂..
And mileage one shown in video is not right because I bought a 17 years old car but it was given the same mileage as earlier
I am using new car since 6 year's with same mileage. Huge difference with buying top end cars around 30 lakhs sell it at low prices at that scenes second hand cars feel very good. Some rich people change car frequently at that case it feels very good. I purchased tata harrier top end, with good service record, single owner, at 11 lakh, car running around 90000 km, in 4 year's. At low budget safe car, diesel power ful car.
What if i buy in cash both new and old, then what will be the result?
Great knowledge 👍 superb work mam
How can there be a difference of just 50000 between new and old? Is there something missing??
This video shows that she didn't know anything about car's but she is a good financial advisor...
Didi ek baat bata do….baleno jo sirf 3 saal purani hai vo 4 lakh ki kaise mil jyegi?
Great work keep it up
3 saal purani 2nd Baleno 4lakh mein nahi milegi.. minimum 5lac rupees
Full cash car buy main kya kare New Car or 2nd hand car ? 🤔
Can u suggest best housing options to save income tax
Hi my name is Rahul Kumar but new car is a best ya old car ple suggest
Current used car market does not favour buying second hand cars, prices are very inflated.
What about the subscription model?
❓What about amount saved in buying a old car and if it is invested then returns earned from it in 5 years.
That should have negated from total cost naa.....
Ye to samjdar hi samjhenge..
Aur shayad accha stock chun liya jo 5 saal double triple ho gaya to bhai... Maje hi maje
Excellent analysis actually my point of view same as you
Please make a video comparing and EV and petrol /CNG car...
Agar loan meh nehi lega toh kaise calculation karega.
why you are not investing in some better mic equipments?
There is a major flaw in the calculation. And its a big flaw.
1) You can't get a 3 year old Baleno for 4 Lakhs when new car is 7.5 lakhs. Sites like Spinny, Cars 24 offer it for 6 lakhs
2) Resale of this old car would again be 4 lakhs as per Spinny Cars 24
3) Interest on old Cars is around 12.5% if you assume new car is 9%
In theory, this may all be right. But mileage coming down from 18 to 14 in 3 yrs is not at all possible. You maintain/drive the car well and all is well. And this includes lesser maintenance charges as well. Moreover, not like anyone has to keep paying exorbitantly higher insurance yoy. The basis of these examples are so incorrect.
I would suggest you to make videos like this ...with you in this kind of situation.. what should u do
Registration fee 50000 kis state mein hain?
Best video on car purchase
Haste, 1/2 idea video. My used 2016 Grand i10 clocked 90K n just FYI trip 1 week ago gave a whooping mileage of 900Kms full tank Diesel + no Major repairs till now gods grace.
i buy top model 8 yr old car at 3 L. and having average of 16 it is too cheep than buying 15L of top model.
Great informative video and old car's maintenance cost is not 1.5, it's 2X or 3X or could be more depending on the age and condition of the car plus the pain and headaches for a new retired or broken part.
Not really. Bought a 2 years old car (Tata Tiago NRG), and maintenance cost has been peanuts in an year (ab nazar matt laga dena) :)
plus you need to use anti rust coat underbody and paint protection which itself will be around 30-50k
Not as she told, biased discussion
One cannot buy Petrol/diesel car and expect to resale it 5-6 years down the line. By them EV would dominate the market and government themselves would want to get rid of these cars. EV vehicle's resale value would be low as Batteries tend to loose its capacity to hold charge over the period of time (ofcourse no one would have faced it yet but 5-6 years down the line they will)- just like your mobile phone. In my view, don't consider resale value while planning to buy the car.
@@biplabkumarghosh6300 dude it does, resale value of EV car is much low. You can check any research paper around it. Weaker battery would reduce the number of KMs a car can travel.
Depreciation value of EV vehicle is high than fossil fuel car. Well that was my analysis. If you feel otherwise your call to invest in second hand EV. But I stand by my POV.
@@coolappu5 Give him the research papers you are talking about bro
Empirical analysis of the depreciation of electric vehicles compared to gasoline vehicles
Google the research paper... You can least go through the abstract atleast.
Ofcourse you are not like me, you have better understanding of economics so cheers mate. Have a good time. Am not gone drag this conversation.
Best to call a taxi everytime, you get a chauffeur driven car of your choice without any addon hassles.
Can't get taxi's everywhere.
Expensive
@@youtubeking2686 depends upon how much you travel. If you don't travel everyday 30km then it's not worth to buy any car
This won't work for all 2nd hand car. If that car is not much travelled & in good condition then it's worth going for 2nd hand car
Yess bro worth the second if properly maintained.
Mam please make a video on best bank account for minors cause mam apps like fampay don't allow to send more than 5k to a UPI I'd and it's really hard to operate with that as I have to make high amount transactions sometimes but it's such a headache and plus they don't allow atm withdrawal. I request to make a video on that. I guess the basic needs are:
1. No maintenance balance fee
2. ATM card with a daily withdrawal limit till 1lakh
3. Able to make transactions upto 2lakh per day
4. Decent internet banking service like icici insta bizz
. Mam it's an earnest request cause it's really hard for me to judge and many minors might require it .
Pnb me student account open kra le
Your calculations are right but pricing of old cars are totally wrong. In many metro cities 3-4 yrs old 2nd hand car costs hardly 1-2 lakhs cheaper than new one, so it makes no sense to go for old car while compromising on new technologies, features, safety and piece of mind just to save 1-2 lakhs. Ex. In Kolkata New Hyundai i10 costs around 6.8 Lakhs on road, same variant 2016 car costs around 4.9 Lakhs.
you’re wrong.
infact, in Kolkata if new costs 6.8L , 2016 model would be maximum 3L.
Not in Maharashtra , the market is so compartive and the best option will to buy a new car
we are buying second hand car for 2 lakh and runs for 5 year.
Well researched vdo
In delhi you will not get a second hand Baleno which is 5 years old in 1.5lakhs only. In 1.5 lakhs you will not get even a Alto which is just 5 years old. Wrong assumption. Please check spinny, cars24, ola for the same. Buying a old car is always a better option. Instead of takong a loan for old car just pay the full amount.
Didi aapne kabir singh movie me ladkiyo ke ragging vaale scene me acting kiy thhi?
I purchased 2nd hand santro last year for 1 lakh and due to new in driving i crashed that car and sold at 60000 rupees and the engine was also not good condition brakes battery was dead...so I will no more purchased used car again and brought new ignis zeta automatic model this may 2022 and iam happy
2nd hand car lena hai to ghar bhi car mechanic ke nazdeek lelena chahiye 😌
😂😂😂😂
Maybe just renting a car would cost the same or less with lesser hassle - Roughly 25k per month and non of the other headaches
🤣
warikoo shorts?
Itna sasta second hand car Rahul ko kaha Mila Bhai 😒
Please make a video on IndusInd Visa Signature Debit Card
To run 500 km/week does not make sense
Can you also make calculations without financing car.
Thanks
We bought second hand chervolet car 1.75 k amazing car we ran 40k by 2 year .
1.75 k = 1750 ??
😑😑😑
@@aniket4362 175000rs, 40000km
Well it seemed poor assumption though nice basic ideas for non tech people. 👍
Decision in the favour of new car what if rahul buy old car at2.75 lakh and his running yearly 10000or less sometime one calculation not justified everything
New car mileage 18km/L for 5 year
And old car mileage starts from 14km/L
LOL 😂😂😂
Make a video on Make my Trip forex card VS Goibibo Forex card.
If we buy old car with cash ( without Loan) ...
Who drives 500 km per week
5.83×500=2915 per month fuel..then 5 year cost will be..2915×12×5=1.74 lakh...not 7.58 lakh🤔
Please make this video for full down payment
Hii mam,
Which is the best medical insurance.How navy is doing on the insurance market
company wala mileage pe dhyan q nhi deta,
100kmpl milege hona chahiye
Funny....she changed the whole dynamic. Very poor analysis
Hi, Just a suggestion....The subtitle font should be updated....While reading subtitle feels like reading kids comic and looks kiddish......try open sans or San Francisco
After watching this video...i dropped the plan to buy a car😅🤣🤣
New car maintenance mein kiska lakh rupees jati hai 5 saal me..mera ti 3 yra free service tha..uske bad do sal mein only service huwa lagvag 8 hajar ki... Faltoo comparison...
U r wrong it is only on theoretically. In practical it doesn't exist. I bought an old wagonr car for rs 3 lac use for 10 years sold for 80000. The cost of the car becomes 2.2lac spend 1.5lac on cng . Maintanence 1.2 lac.enjoyed 62000 km 4.9÷10 year's. = 49000 per year. Per month 4100
@5:59 / 7:00 Chart was for old car and not new car
Graphic design Ke upar video
Simply wo log 2nd hand car kharede jinko jyada travel nahi karna.
Thanku mam
baleno 2nd hand 3.5 lakh me mil jayega.. maintenance bht kam he
You look like arya stark of game of thrones 😂😅
If Rahul need todtive 500kms, in a week, he could gone for Diesel or Electric or CNG.
Please add also the cost of hospital bills if his Car crashes and legal cost if he is a irresponsible driver. Also add the cost of changing seats and other fresheners used in Car. Last but not least please add inflation cost in fuels and car components used FOR 5 YEARS. Almost forgot to add toll charges accumulated .🤦
5 sal mein 1 CR ban sakte hain
Thank you so much didi I am I am from Mumbai I am new car suggest second hand car no never please🙏
Why maruti??? Hope you know maruti has almost zero safety ratings.... A car make with paper and living coffin for middle class family...
Watched 2 times 1st time watching you second time understanding concept of video
Tharkii
You are totally wrong for 2nd hand car. The milage increases and not decreases in 2nd/old car as compared to a new car, as after the 2 nd service the car starts giving a decent mileage. It is observed by me that after a 3rd service the car gives an Excellent mileage and also it depends on the driving style and the location. You video is not that great, please get it crossed checked by a CA or somone who does cost accounting.
Girl you are just speaking values, Technically there are lot of factors.
Second hand cars with good condition wont harm your pockets
I am your fan of videos
The numbers are off! Not reliable source
Or per week 500 km CNG vale chalate hain mem petrol Diesel vale nahi meme 😂
Second hand best decision h...ye sb chutiyapa smjh ni ata mere 3.5 lkh ki car le lo ...cng me 1 lkh loan kro 9.5 % pdta h interest....
Mauj se chalao uske baad mam se bech do 2 lkh me 5 year baad 🤣🤣🤣
Matlab EV leni pdegi
Way too vague comparison. In a way a good with only numbers prospective but in actual, cost will highly differ. Looking at the current cost cutting by the companies, sometimes even new cars require high maintenance and old car which are very well maintained will require a lot less maintenance. There are so many Ifs and Buts that this video becomes baseless in a way.
500 km / week 🤨
If i will buy a second hand car on cash payment. Then🙄🙄
Same my question?
9 lakh ki baleno koi 4 lakh mai nahi bechenge
Buying old car is profitable if a person is willing to pay maximum amount as downpayment and minimum of bank loan.
The only factor which increases the total cost of ownership is higher rate of interest on bank loan
Don't take loan 😄
I want Baleno 5 years old car with in 3 lakhs 😅
You should calculate this without resale to show actual owning difference.
Not factually accurate. Bought a 2 years old car, and the maintenance has been peanuts. My motorcycle demands more money than my car, other than fuel of course.
❤️
This lady needs to know a thing or two about used car rates of Maruti cars.. and no one does loan for used car below 5 lakhs. People will buy on cash. Mileage remains the same.. and you can infact sale old maruti car in the same price again.. I did this twice. Plus the surplus money you can invest in FD.. this analysis is very wrong on many fronts. Doesn't take into consideration the qualitative factors and market realities. The most funnier part is 1 lakh value for Baleno after 7 years.. even the salvage value of 20 years old car is more than that in real market.. Baleno is top selling Maruti product.. lol