Buying a new car is an aspiration for most but does it make sense financially for you to buy a car?

In this video we will compare the economics of buying a car vs hiring an Ola/Uber.

Here is an excel sheet with all the calculations: https://bit.ly/3x0Au37

You can add your own numbers to this sheet; like the car cost, down payment amount, interest on the loan, km you drive every month and also the km if you use the cab.

We are not trying to convince you to not buy a car. For most people buying a car is a thing of pride, it might even be the first car in the family. For others it might be a necessity to give their loved ones the convenience and comfort they need. We are just laying out the calculation of the cost of buying a car vs using a cab for you to understand.

Wint Wealth: https://www.wintwealth.com/

0:00 - Intro
1:38 - Calculation starts
4:39 - Opportunity cost
6:30 - Running cost
10:20 - Total cost
11:00 - Cab cost
13:00 - Final calculation
15:00 - Conclusion