This vid is based on my Personal Experience as Ex-Banker. Hope you like and will share same. Dont miss to visit MyCarHelpline site for EMI, Amort and Eligibility Calculators for more details.
Sir pls reply about nexon engine reliability, Is TATA nexon bs6 engine perform well in a long run, planning to buy for at least 8 years. Why people are critical of TATA engines still.
Man i checked your website for the very first time today. I am mesmerized by the ultra easy uesr interface and also by the amount of hardwork put into the website giving us a near perfect car buying guide.
Till date, I kept skipping your videos, thought they won't be helpful or knowledge sharing.. but today realised I was mistaking, I shouldn't have skipped them. Channel Subscribed!!!!
Hats off to u. Such a valuable info you are providing, no one gives such info. You are true guide for a person who is purchasing a vehicle. Website is really very helpful. I follow you.🙌🏻👏🏻👏🏻
Relevant and interesting coverage of all aspects related to car purchase, loans, features, inclusions and exclusions. Well researched and pragmatic. Delivered in signature style. Please keep up the good work
Paisa hai to gaadi kareedo as car is a depreciating asset. Even banks ask a customer to sign over 30 pages of agreement, charge documentation charge, reduce loan amount and also reduce loan period at the last moment. If you have time, ignore banks call for reduction in loan amount and period as that will increase repayment. Save money each month for three years in RD or better still invest in post office and then add your money for buying. The dealers recommend Bajaj Finance type of companies who charge you high interest and have many charges. Car loans have high default and companies screw all including good customers. Even good banks like HDFC screw customers with so many changes when you are desperate for delivery. So save money buy on your own and screw financiers. Or take a loan from your FD so that you repay big sums. Banks charge huge penalties on early repayments. Good video. Thanks a lot.
First of all content on your channel and website is very informative. Few other points to keep in mind. Ofcourse none of these may change the bottom line of your video, i.e. taking a loan now days is usually better than down payments: 1. Hypothecation charges in taking a loan approx 3k 2. Documentation charges approx 1k 3. Processing fee also approx 1k. This should be waived off 4. Fact that FD also means you are parking your funds for some amount of time. 5. Another imp point if you take your loan from dealer what you essentially have is another way of bargaining with him. Cause taking loan from dealer means he will get some comission. Just ask him to share the benefit with you. Once again your videos are great am sure you may have covered some/all of these points in your other videos. Just thought these would make sense here as well so added a comment 🙂
Its not just informative but too much important and must know fact about car loan... A very deep analysis which is not done by any other RU-vidr... Thank you very much 🙏🙏🙏
Informative..thanks..one point that we should bear in mind..FD interest is taxable..so if u are salaried and in 30% bracket, a return of 5.5% per annum ends up being less than 4%
@@mycarhelpline Yes sir..that's right...it all comes to individuals risk appetite as you rightly said.. Btw, big fan of your content and golden voice :)
No doubts Sir, you always touch the point which often other Car vloggers don't address. Your peculiar content Makes your video unique. Thank you from bottom of my ❤️
You keep enlightening us with valuable informations and tips. But this, is the best. The doubt of every single car buyer. Infact this is the only channel that provides valuable advices along with car reviews. Thanks a lot sir. For education the common man regarding automobile market.
Excellent brother.. I also did the same calculation using marcarhelpilne calculator.. Changed 5 lakh loan to 15 lakh loan for 7 years to buy tata harrier next weak and decided yo do something thing else with my funds in pocketto get better returns. Now I am happy after hearing your words.. Moreover I opted for harrier 2020 only after your advice.. Thanks and god bless you big brother
Hello brother I respect you and mycarhelpline as well they have very good information on cars, But your this decision is not right. I am not sure ki aapne ye sahi m kiya h ya sirf ek comment h bus. Aapne apna 10 lac ka loan 7 year k liye badha diya. Phli baat to Bank FD k returns taxable hote h. Chalo I am not going on the taxation side and assuming the 5.5 % return as per the video. Agar aap 10 lac ko 7 years k liye bank m rakhte h with compounded quarterly @ 5.5 % to aapka final amount banta h Rs 14,65,764. Ab aate h aapke 10 lca ki EMI p. As per the EMI calculator in google @8% for 7 years 15586 would be EMI per month. Ab suppose karo ki aap is EMI ko loan company ko nahi dete or apne bank account m har month dalte h with the same interest of 5.5 % so as per the SIP calculator on google the final amount after 7 year would be Rs 15,99,867 So the loss here is 15,99,867-14,65,764 = Rs 1,34,103 Here Mycarhelpline only considered the amount you paid as EMI and compared it with the final amount of bank FD but missed the interest on EMI amount which bank will earn for next 7 years example on your first EMI. Brother ek baar socho to kya difference h, Bank kyu apna ek employee ko salary de rha h har showroom m bitha k or vo kyun aapke pass ata h sir sir kh k. Banks are run by the persons who are expertise in finance to make profit. I also request @Mycarhepline to please correct this video or remove this. At last sorry brother agar aapko isme kuchh galt laga ho to . Thanks !
@@yogeshkumar-fd9kh Respect your words brother I have taken this decision actually But I have no plans to deposit in banks I have other ways to invest my money and sure returns of 12 to 15% per annually against the 7.15 interest that I will pay on my loan that too reduces to around 4% flat rate in long term
HI, We have recently formed community of Car buyers and seek members like you who have gained through MyCarHelpline in buying there car and ready to help others too. If you willing to help other car buyers we welcome you on board with an exclusive invite, Pls Whatsapp message - Owner to 8595793939
Awesome video! Though I'm not purchasing car immediately, Absolute ROI for new car loan is just mind-blowing info! Spl Thanks for that!.. Your website is too good as well, Small request to make one short English video sometime, so that I can recommend your quality content to more southern friends
Nice info on the right time ,i was searching car loan videos of yours thanks sir , i booked renault triber today & this video will help me to decide that i have to purchase car on cash or loan
Sir, I am a regular viewer of your channel. In our country there is no car valuation system / car valuer. If I want to purchase a second hand car most of time people is cheated as common person have less knowledge about how to determine the exact value of car. As a result most of dealers demand high price. So I would like to request you to crate a car portal where we give the details and you will provide us the car price. Of course a nominal charge for that will be taken. Please think about it. Thank you for your videos. It helps us in many ways.
Bank FD interest pay karta hai. Wahi bank car loan deta hai. If I go by what you say, bank is making loses for itself and retail consumers are playing smart. I think it's otherwise certainly ..
Sir, ji ye Dil aur Dimag ki fight hai agar Dil ko pasand then Dil le ga Creta loan le ke per Dimag se lo to aaye gi Alto aapne funds se, you can earn funds but you can not earn Time/Age lost.
You explain everything so nice, it is fixed in our mind. One question is........ Is Au small finance Bank reliable to go for car loans.....need your true answer......thanks bhai
I read a thread on twitter which said that people shouldn't buy cars worth more than 15lacs. If someone wants to buy car which is more than 15 lacs, his/her liquid assets should be more than 1-2 crores
I have never seen a customer who is satisfied with one loan only. With increase in income demand also increases and people tend to get more loan from banks or fis. Now most banks calculate the eligibility on 40% nth. If he is reducing the tenure then his emi will be more. In that case his eligibility will be less for other loans. I had a car loan which was for 7 yrs. I repayed it in 4 yrs with bulk payment at last. When I calculated the total deposit I made to bank I found I only paid Rs. 12000/- interest to bank. In mean time I also was able to enjoy other types of loans as my eligibility increased. I am also a banker doing retail loans but I didn't avail the car loan on staff interest, I took it at customer interest only.
are bhai sahi se regular itr bharate ho to koi problem nahi aati... example - suppose 3 sal se job kar rahe ho aur itr mein har sal ka income 3 lakh dikhaya... 3 saal ka total amount 9 lakh hua... ismein aapka har sal kharcha hoga... ek saal ka 1 lakh toh 3 saal ka 3 lakh... toh bacha 6 lakh... aur 8 lakh ki gadi cash mein li...to notice aayega hi na.... 6 lakh bacha hai aur aapne 8 lakh ki gadi li....
Govt bank आम आदमी के काम का नहीं है सुनने में कड़वा है लेकिन सच है दूसरी बात pvt फाइनेंस कंपनी से कार लोन लेने में rate of intrest ज्यादा लगता है सबको peper चाहिए Fi करने के लिए ऐसे बंदे आते है जिनको कोई नॉलेज ही नही होता है
