How Much Should You Spend On A New Vehicle Purchase? | MotorInc Spark 

Back in 2021 when i decided to get myself a bike i had a budget if 2 lakhs (on road ). I was planning to stretch it by 30k and get the duke 200, but then made up my mind and bought the rtr 200 4v for 1.75L. That was a good move, finished off the loan in a year, the bike doesent demand any extra care , im hvin fun 😀. Used up the left over 25k out of my 2L budget on a good helmet, jacket, gloves......whch aftr a year and half helped me survive a crash without a scratch.

@MotorInc! Please please please don’t ever change. Your channel is such a breath of fresh air! I have seen so many channels start off great but eventually all of them just become an advertising channel for the vehicle manufacturers. So please please please don’t change!!

The last line was gold 👍 Reminded me of an incident at a footwear showroom where the sales executive was explaining how to take care of their premium "paper leather" shoes. After listening for a few minutes a friend said that seems like I will have to wear it on my head.

At a time when everyone is focused on spending more and showing off more. Thanks Shumi, Kartikeya and @MotorInc for being different. It’s important to go through the journey of learning how to love your machine irrespective of how cheap or costly it is. While also being practical and not going into debt

Totally agree with your point. Since 2017, my dad had this dream of geting a Jeep compass. It used to cost about 60% of his annual income during its initial launch. Due to different financial commitments he waited a little longer before making the purchase. Then came covid and he lost his previous job, he realised that there wasnt much of a time left to wait and just after he got his new job and covid cases got reduced by the end of 2021, he decided to make his dream purchase even though the car costed way more than before. We took the delivery of our Compass model S on January 2022 and it was the best day of our lives. But it wasnt all good. Previously we used own a 2009 model Suzuki Ritz, we still have it and it’s in perfect condition. It was a hell lot of fun car to drive, and my dad used to rock it while driving. In the initial stages after buying the car, it always looked like he was trying to protect the car instead of enjoying driving it. He used to go at a slower pace than he is used to and became a little more careful. It was a heartbreaking day when the car had its first minor accident, when a scooter guy came and hit on the rear bumper of our parked car, it was just returning home after having ceramic coating. It’s been over an year since the purchase and thankfully the car is still in its showroom condition. Although we love the car and it was in all sense a dream come true for my dad and a big motivation for me, there’s always a sense of extra care and fear of damage to the vehicle. With time these fear does come down and I realise that I feared more than my dad. He keeps on saying, he bought the car to protect us on the road. But still, before making any such decision, I would recommend you to think twice and interospect about how much risk you are ready to take and what’s the purpose for the purchase.

I could not agree with this more! Fell into the trappings of an aspirational purchase when it came to a car, overstretched, and then felt every bump on the road and every tiny scratch on the body. And, now when I'm buying a bike, I really don't want to worry about it, I want to ride, I want to live a bit of my life through it. And, this perspective just re-enforces that belief. Thank you so much for your words, Kartikeya!

I so wanted to apply for a vehicle loan and get my dream bike for my birthday this year.... I'm very glad you guys uploaded this video. Definitely not ready to get into a commitment like a bike for now. Gonna hustle more and wait a bit longer. Slowly but surely.

This is a gem. So many people need to hear this today and the perspective is true for passions/ products not just cars...

Damn, I never thought things through this perspective. Such a simple point, yet so effective. Most of us, always stretch our financial limits to own that dream machine and later on baby it so that we can sell it for a better price whenever that happens. Instead, what Mr K said makes so much sense. Kudos to the team in bringing up such meaningful and thought provoking topics.

A couple of years ago, I bought a pre-owned CBR 250R. It was 10 years old and needed some care , but the engine was immaculate and for less than 40K it was a steal. Since then, I've had immense fun on it, from weekend rides to trips. And I've spent more on riding gear than what I bought it for. Now that I can, I am ready to buy a more expensive motorcycle straight from the showroom floor.

So cool that they didn't edit the part where there was a small confusion when Karti was explaining the 20-10-4 rule... This RU-vid channel is so legit... We are here for such original, legit, true content...

Bold but necessary video every Indian needs at this point of time. Again @motorinc has done it the right way instead of just boasting about what the vehicle offer. Today its become a trend to buy car for its features than remembering that its a vehicle that moves from PointA to PointB. Buy only what you need and what you can afford. Very sensible & true advice an auto enthusiast can give. Kudos to the @motorinc team and hatsoff for your work again.

Very interesting insight! I kind of made myself accept that vehicles are prone to get damaged here and there, especially due to the traffic sense (or the lack of it) in India. I ended up buying a secondhand Corolla Altis for 1/10th of it’s showroom price and had some of the best experiences through it! Acceptance is the key. 😄

The line, "You should own the vehicle not you your vehicle owns you" completely blew my mind. I'm a big yamaha fan and was planning to get MT15 but after the Speed 400 buzz in the market I was more attracted to it despite knowing it's milage nd maintanence. Surely I'm gonna get the MT-15 as i currently own a R15 V2 from 2017 which still runs very smooth without a engine problem since then. Kudos to team MotorInc 💙

Absolutely fantastic video, straight to the point. No running around bushes. Crisp as other videos. Kudos to your hard work and experience ❤

I never imagined to be paying 20k per year for zero dep insurance renewal from the dealership. Also spending around 35k for extended warranty for 4 years was not something I was expecting above the cost of the final price of the car. I've also spent more than 1 lakh in petrol over the last year and a half. So yeah, if I had maxed out my budget while purchasing, I would have been unable to buy all this and gotten stuck now. I am also expecting to spend between 25-40k on tyres within the coming year, so that's another extra thing to plan.

This is one of the most wise videos, i have come by, in terms of money and possessing automobiles. The views staged in the video i have always held within me, but today seeing this video they got validation!❤🎉. Sincerely Thankyou to make such a wonderful video... All the best!!🌷

Bang on, this is such an eye opener piece of advice. With noises all around to either constantly upgrade or be lost, this video is such a pearl of wisdom. Really wanted to upgrade my current car just within 4 years of ownership, but now believe it's time to introspect before making any impulsive decisions.

This video is just pure gold. Amazing stuff

Very well articulated. Since these are aspirational purchases, sometimes we lose the sense of value and end up burdening ourselves. It is hard but who can master their minds they are the winners here. Other than the income and emi ratios, if you have equal amount of savings of what you are buying then it is much easier to deal with with great levels of confidence. For example, buying a 10l car then you should have at least 10l savings in your account at least.

This is more than just automobile advice. This is life advice. Thanks. Cheers!

This was really needed. One of untouched angle of buying/owning car or motorcycle... Mostly people makes decision just on EMI!

You buddy have grown up …this shows that you are genuinely interested in sharing wisdom and not just grab likes..stretching budget is an easy pitfall for almost all car buyers…thanks for sharing…

I like few videos, but this must be liked. Great job guys.

This channel is just perfect! It has every aspect and perspective from an experienced hobbyist and enthusiast.

Brilliant talk ! Makes sense .. Thank You Kartik ...

I totally agree with this and realised this recently personally. I had 2 issues back to back one with my car and another with my bike. I just straight went to the service centre and fixed these issues and was so relieved and could use these machines without a fuss. Earlier i used to worry a lot about these things and would end spending unwillingly. You should always get what you can afford and maintain. It's not just about one time buying, you have to use them maintain them. I've seen People buy cars and cannot pay the fuel price to use them.

Bro this video is gold! Also this new look of yours is so freaking good!!!

Thanks for the wonderful advice. Cheers Kartikeya

Thank you for making me do maths in the morning. Head is spinning. Now I am going to spend the rest of my day wondering about which motorcycle / car I can buy today with the 20 - 10 - 4 rule !! even though I dont intend to buy one. Always appreciate such informative videos !

Thank you Karthikeya. Understood every points you've said and will keep them in mind👍💯

It's hard to find videos of a well-articulated perspective regarding vehicles (pretty much any other topic for that matter). Really appreciate the thought process that you guys put into before starting an idea for a video. I have been wanting to buy an RE with a budget of 3L (kept aside 7L in total to make this 3L purchase, to counteract my purchase through same amount in savings). But I still want to wait and accumulate another 2-3 L before making the purchase. Because it's only when we start using a vehicle that we truly get an understanding of what we need as accessories to enjoy the ride and what we don't need. I don't want to be that guy that makes hasty decisions out of love just for the sake of it. I wanna savor every moment I spend with the bike and I don't want unplanned/unexpected expenses/dents for the vehicle to ruin my experience. Thank you once again for making such videos. More people will be able to make an informed decision before spending huge amounts on these things.

Gold of a content educating riders on really important aspects of owning a vehicle. Keep going U guys.

Great message! We can apply this to any purchase decision. What we are going to do with that thing and the experiences we will get out of our purchase is more important than simply acquiring something.

Oh man, this video is amazing. Covered many relevant things and i could feel the joy in your eyes when you were describing the extra set of wheels 😂. Keep this up guys

What a great explanation dude... Really appreciate it 🙌❤️

Very straight to the point, excellent advice. Truly great vedio.. Thank you so much brother ❤

Dang, this is the best episode yet! Thanks KS!

Absolutely on point as always ❤

I just love the spark in you when you discuss your real life experiences. This really didn't make me nap! 😉

What an amazing perspective from Mr. Karthik.. definitely gonna use it as I plan to expand my garage.. Thanks a Tonn🎉 the wait is gonna be longer.. bt the fruit will definitely be that much more sweeter.

The timing of this video couldn’t be more perfect…just planning to buy new bike and this helped a lot!!

MotorInc is my Satsang! It inspires, educate and manipulates :P Love your work and you both!

I hope all the prospective car or motorcycle buyers watch this video. We Indians stretch too thin to buy a bigger vehicle mostly for snob value. It’s amazing how some people think of impressing others with their purchase rather than to satisfy their own needs and happiness. Especially when it comes to vehicles don’t take a lot of loan to buy because vehicles are a depreciating asset, shop within your limits and enjoy your vehicle to the fullest. Thanks so much for this video. Highly appreciated 👍

Thank you and great work as always. Great to hear 'seasoned people' resonate my thoughts and validating them for myself. Of late i have had 'uncles' buying their 'last cars'. In essence a car for retirement years something which they will grow too old for eventually. Can u do a video on it. Thanks, love and appreciation for team.

The best and greatest advice, it helped me in a second infact no words to appreciate, i were wandering and having so many doubts about planning my first bike, which bike should it be when and how to manage funds for riding gears and all, and see everything is sorted in this video. Thank you so much! Team motorinc...😊 One more request to you please make a video on riding gears about...as there are so many cities who have enthusiasts living there how will they approach riding gears buying them online or offline or some suggestions and whatever you want to put in that video but please make one on it

One of My fav automotive channel.

Much needed video👍. Nicely explained

Lot of wisdom packed in small video. Hats off to Motorinc for similar great content on your channel. I went against the market trend of show-baazi and bought Tata Tigor petrol. Literally No one buys this car. But it has spot on handling, steering, great suspension. Cabin comfort is great. Big boot that satisfied my touring requirements. Engine is not spunky and is not that refined. But the car is 4* safety rated. It is also very compact so I feel no stress when driving through tight spots, city traffic etc. With BH registration it costed me just ₹8L. Which is much less than 3 times my annual earnings. I don't worry too much on mileage as I know I haven't spent crazy amount upfront anyways. And I only took 40% of cost as loan, that too to save some liquidity. I may look small, insignificant in front of other 95% financed hulking "SUVs". But I know I have made the most practical decision both requirement wise and money wise. In a way I am standing out in the crowd now and I like it 😅

We bought the petrol 2018 Hyundai Tucson after we permanently settled in Kerala. We thought it will be our only car and we had compass, tucson, creta, karoq, tiguan etc. We bought the tucson thinking that it will be our only car. Just to protect our car, we built a seperate garage which allows 2 cars to park. This was because of the size of the vehicle, and it was damn hard for parking in small towns and very impractical for daily town commutes and my father would checking the car often after we parked the car road side. So we bought a year back 2018 santro for daily use. But after a year, it had clutch issues and power was so poor. So we upgraded to i10 nios. Now we are planning to sell the tucson for an electric car because we almost spend 10-12k rupees per month for petrol only. And we will sell the i10 after my graduation.

Good, serious and real-world content. Keep it up.

Great video and all as always motorinc, the cherry on top was that even after having a couple of bikes and cars through different finance methods like emi’s and all… even Karthikeya fumbled initially while explaining emi… it is very confusing and too much for my brain I just save up and buy the vehicle… and also that “spend no more than half of your income “ on such things,is actually something that has been a family lineage for us lol..

This is a very good video , most useful one i come across in recent days.

True. But one can associate with that sadness, that remorse you feel when your riding practical choice and you see the the dream vehicle on the road, looking even more sexy and appealing. Human brains are complicate.

Very apt, Not many auto-journos touch upon such important issues. Kudos

such an informative video in fact all your videos are. congratulations and thank you for taking pragmatism and practicality around motorcycles and cars to the masses.

I have had known this finance for buying a vehicle but none of the vehicle influencer have included it n you did it , Just excellent!

It is for such unique and wholesome content that we've signed up for ♥ . More of such content please !

Thank you Kartikeya sir for such useful insights! These things help a lot in planning a dream motorcycle. That financing part was very insightful. I didn't get to hear them elsewhere.

This channel is just GOLD !!

Superb insights from all of your experiences. You guys are doing great and I see this channel appearing in top3 car&bike category very soon, u know which are the other 2 channels 🤪🤪 For me you are already on no. 1 😁😁

100% !! I did same in my first car purchase. Its a Base variant coz single engine option - many told just base variant go get a second hand top variant? To me its a great choice coz i can fit accessories according to my taste and NEED. Second hand wont suit me. Im like, get a new one enjoy atleast five years (not an enthusiast) But engine is very reliable and safe to an extent too I spent on accessories which i felt much much needed (i put seat cover after 5 months. Coz my mind said many times that 'yes u have to put seat cover ') I didnt run behind brand, i run behind reliable brand and superior after sales support I use the car fully by spending less Finally im super happy with my car, stress free ownership. Im not worrying about my car. It serves the purpose in a great way. Dont be emotional , do the math purchase it then fell in love with it

The way you explain is very genuine

You are right. There was a phase when my car controlled my happiness. Was always thinking about someone ruining the car paint, what if it gets a dent etc. Spent a lot on keeping it in showroom like condition and purchasing additional accessories. And the irony is I didn't go for many trips. Got transferred to another location as part of job role. Sold the car. I'm much more peaceful now. ✌️

❤ for this video and Karthikeya's advice is spot on.

That's pretty great advice! Good philosophy for life in general too.

What a beautiful take on 'do you own your vehicle or does your vehicle own you'. Kudos to MotorInc for consistently creating crème de la crème of motoring content.

Words worth Gold! Please continue the good work and stick to your philosophy, big fan! ❤❤❤❤

A lot of people need to watch this video.🔥🔥 Sharing it instantly👍🏻

I am thinking of purchasing a car. I am bit confused on whether to stretch or not. And I love to have fun with the car. This video reinforces by belief on not to stretch my budget.

It’s a very important lesson that today I learned. Thank you so much.

Great content as always ❤

This is a greay advice! I had exact ssme thought process when I recently bought RE Meteor 350(after a 7-8 year pause of living without a motorycyle). I just missed the fun of riding a motorycycle. I bought it without any loan. I could have bought something which cost twice as much, but it would have brought in the exact same worries that you mentioned Kartikeya. Kudos to you guys. You guys are spreading the rare wisdom on this channel!!

this is what I followed with my recent purchase: went for loan (67% of onroad amount); didnt go beyond my CTC amount no matter what; (my reasoning: with 30% of average annual saving I should be able to virtually recoup the onroad amount in ~4years) was aspiring AT (preferably TC) but not a deal breaker since I enjoy MT; if price delta is not much then prefer top model

Thank you. Just when I was thinking of adding a sibling to my current car in Jimny 😅

Perhaps that suit joker guy did not know you owned a Busa too😂. My only problem with the leather suits is they can’t be used everywhere like mesh jackets. Costs a bomb on top of that. Great finance tips there Singhee. Regarding EMI, make sure you always have 3 months next worth of its EMI and fuel/service expenses in the bank. In this age of overspend that other channels advocate, you’re a gem. I’m putting off the purchase of a less run 2016 Multistrada 1200S just for this. I need that odd 2-3L to upgrade to good helmets and riding gear. Picking up a good preowned example, like Shumis ex1200S is also a good idea, but certainly not on loan. It’s with a TeamBHP member now and he loves that motorcycle to bits, it’s his only one now. It never even got listed, saw multiple test rides even. just sold a couple of weeks after he traded it in. let Shumi know about this guys!

Very prudent advice Mr. Singhee. Appreciate it 👍

This is so true. If i stretch a bit, i could buy a Merc, entry level though. But I decided to go with a used Toyota for those family needs and a used Octavia to satisfy my high speed cravings. That way, i am able to fully utilise the potential of both the cars without worrying about the maintenance costs. A few lakhs for Mechatronics ? No problem. Suspension change every 3 to 4 years ? No problem.... Such things do not put stress on my finances at all.

Wow wow wow, we are at very much the same frequency. I also think the same. The joy you get when you do not have the stress and tension of owning something costly and that you make all use of it and are carefree is enormous. I have seen people spending on Harrier and XUVs and are afraid to do a particular stretch or hardly take it out twice or thrice in a month, what a waste of money. Rather buy a Brezza or Sonet and make full use of it and be tension free.

I wish the video was long , it just ended in a snap ,,, We can listen to this guy for all day long and the approach he provides is awesome,,.. thanks Karthikeya😊

Well said...... But I feel in some cases passion defies logic. We love travelling as a family and my kids are the happiest when they are travelling so for us a a vehicle purchase is a family decision. A thing with which we will be creating many memories in the coming years. During our current vehicle hunting we had finalized a budget after following all calculators. But during test drives we all loved something which was exceeding it by 25%. So when it came to finalizing it, both of sons told we dont need any toys for coming years lets have that car which we all loved. Also I feel if its a thing which all of family enjoys and agrees to, then we definitely will find the funds to maitain and enjoy it fully.

You are a Guru man, I like the way your thought process and the mature thought process.

4:02 to 4:09 is a core philosophy even from the Gita. Nothing should own you. Well said Kartikeya

Amazing content as always! It feels like team-bhp got a voice 🙂

awesome!!

This RU-vid channel just love them 😊

The Vir Das-esque patient speech and golden mistakes-accepted takes! Lovely and informative

I wish i had seen such a superb video way bck in 2021... Very important to plan Perfectly...

Extremely useful video

Very good information and practical

Very apt thoughts on owning the car or bike... 😊

Great advice 👍

Wanted to change/upgrade my tb350 (2015) as it was having engine oil leak issue due to a damaged main drain bolt and also had been giving me tail bone pain. Sold it for ₹80k. Had to pay the same remaining amount ₹1.5L that i paid in 2015 to buy my tb for buying classic 350 or cb350 now. Instead i paid ₹20k extra and got by cbr250r as a third owner with 26k on the odo. In cc perspective it might be a downgrade, but on a overall experience perspective, it definitely is an upgrade for me. Just changing the engine oil once a year and brake pads once in 2 years. Such a low maintenance bike and a healthy sports tourer👍🏻🔥🔥

This video was a must after the last 'How to judge a car' video!

@3:58 words of wisdom. Thanks

I wish there were ways to buy directly from the manufacturer, it would make this thought process easier to adapt, the reason being I'm fed up from the fact that there are showrooms and dealerships who try every trick in the book to manipulate , sometimes dupe customers. They add mental stress on customers to buy this variant , get this insurance, get that accessories or we wont deliver the vehicle on time

Very important thoughts. Thumbs up Karthikeya sir.

Says the guy with the busa! 🤣 Jokes apart, I am in process of buying my first bike and really appreciate the video, helps me out a lot in the decision making! Great videos! I have watched the entire playlist in the past week😄

Absolutely correct 🌹❤️

Fantastic ❤