It is unbelievable for you to fathom how MUCH your car worth Rs 7 lac actually costs you!
And not to miss, I have made this calculation if you were buying the car through your own money, not through a loan, as well as the opportunity cost of missing out investing in stocks.
Before you make that financial decision, I’d love for you to think objectively, using this method:
Use this excel sheet, that I used in the video, to make your calculation: https://bit.ly/3xzmgrW
Check out my former video on buying or renting a car here: https://bit.ly/3jY2VJ4
00:00 Introduction
03:30 Costs of buying a car
05:40 Costs of owning a car
07:30 Petrol costs
09:55 Total owning and running cost!
10:50 Selling your car
13:20 Returns on buying a car
15:05 Depreciating assets
17:10 Conclusion
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