Go Back   Team-BHP > BHP India > The Indian Car Scene


Reply
 
Thread Tools Search this Thread
Old 9th April 2007, 07:51   #106
BHPian
 
vabs78's Avatar
 
Join Date: Mar 2007
Location: Pune, India
Posts: 551
Thanked: 11 Times
Default

Quote:
Originally Posted by Mpower View Post
I can tell you about desi IT pros in the US, they only buy Accords and Camrys.
Not me MP

And seriously, which are the flashy cars india that avarage IT proffessional can afford after buying a flat?

I am in US so I am driving a Camaro but once back in India I won't be able to afford anything more than Swift/Getz.
vabs78 is offline   Reply With Quote
Old 9th April 2007, 11:36   #107
Team-BHP Support
 
tsk1979's Avatar
 
Join Date: Feb 2005
Location: New Delhi
Posts: 22,953
Thanked: 15,639 Times
Default

Pretty weird arguments here!
I am an IT Pro. If I want a decent mid sized car, no flash, no extreme stuff, just a sensible car, I need to fork out an EMI of 18-20,000 a month, + down payment and all.
Add to that amount the rent etc., you plonk out about 30K a month. So what have you got left.
I want to buy a nice flashy fast car, but can't afford the fuel and the car. This is not a case of lack of want, its more like lack of means.
There are may IT pros who are considered in the "Prime" category by the Media, and their take home is 30K/month. They can't afford anything more than a hatch like a santro/Indica etc.,

Nobody buys an Indica NA out of passion or want, its a necessity, and 15000 indica's a month proves that cars are bought due to majboori.
tsk1979 is offline   Reply With Quote
Old 9th April 2007, 12:17   #108
BHPian
 
navdeep's Avatar
 
Join Date: Sep 2006
Location: Pune
Posts: 885
Thanked: 4 Times
Default

Quote:
Originally Posted by tsk1979 View Post
Pretty weird arguments here!
I am an IT Pro. If I want a decent mid sized car, no flash, no extreme stuff, just a sensible car, I need to fork out an EMI of 18-20,000 a month, + down payment and all.
Add to that amount the rent etc., you plonk out about 30K a month. So what have you got left.
I want to buy a nice flashy fast car, but can't afford the fuel and the car. This is not a case of lack of want, its more like lack of means.
There are may IT pros who are considered in the "Prime" category by the Media, and their take home is 30K/month. They can't afford anything more than a hatch like a santro/Indica etc.,

Nobody buys an Indica NA out of passion or want, its a necessity, and 15000 indica's a month proves that cars are bought due to majboori.
I agree with that ... its the money which matters..
there others who really owns them but prefer to drive in small cars .. easy to park, handling, practicality ..
navdeep is offline   Reply With Quote
Old 9th April 2007, 12:27   #109
Senior - BHPian
 
akroy's Avatar
 
Join Date: Feb 2006
Location: San Francisco, CA, USA
Posts: 2,414
Thanked: 29 Times
Default

I agree with tsk, we do go for things out of necessity and majboori... not that we dont like or wish the other / upgraded one...
Plus in indian cities, the small car has its own advantages which no sedans can match....

Abhi
akroy is offline   Reply With Quote
Old 9th April 2007, 12:38   #110
Senior - BHPian
 
spadival's Avatar
 
Join Date: Oct 2004
Location: Dayton, OH
Posts: 1,770
Thanked: 15 Times
Default

Also note that job profile of most IT professional is that of a "nomad", moving from country to country at a moment's notice. So he/she thinks twice before buying a car.

I have seen many of my collegues who bought cars here in India, only to sell them off within months, at a loss of 50k etc just because they are going overseas and they dont know when they will be back. So they would rather spend that money elsewhere rather than on a car.
spadival is offline   Reply With Quote
Old 9th April 2007, 13:11   #111
BHPian
 
Join Date: Feb 2007
Location: Jabalpur
Posts: 86
Thanked: Once
Default

I went through the whole thread with interest, and there were some very good points made my the posters.

There is one thing that many of us has overlooked. It is the taxes in India. Indian taxes, especially on vehicle and fuel are among the highest in the world. About 40 % of the cost of a vehicle is tax, and 30 % of the cost of the fuel that goes into it is tax as well.

By comparison, in US, only about 5% of the price of a car is tax.

This means that being a resident Indian means that you can afford half the car in India, that you can affort in US ( or other advanced better taxed countries) for the same money. For the same money, you can buy Hyundai Sonata in US, but only Hyundai Accent in India.

The huge taxes in India means that you can only get a non flashy car, even if you pay for a "flashy" car in India. So spending good money , and getting a lower segment car is also a major deterrent why we do not see too many people owning "flashy' cars.
squarecut is offline   Reply With Quote
Old 9th April 2007, 14:26   #112
BHPian
 
navdeep's Avatar
 
Join Date: Sep 2006
Location: Pune
Posts: 885
Thanked: 4 Times
Default

Quote:
Originally Posted by squarecut View Post
The huge taxes in India means that you can only get a non flashy car, even if you pay for a "flashy" car in India.
So in relative terms you are buying a flashy car
navdeep is offline   Reply With Quote
Old 9th April 2007, 17:59   #113
Senior - BHPian
 
v1p3r's Avatar
 
Join Date: Feb 2005
Location: BLR - chasing cars...
Posts: 4,836
Thanked: 26 Times
Default

I thought we were talking about the types who could afford an Accord but stick to a Santro.
v1p3r is offline   Reply With Quote
Old 9th April 2007, 18:43   #114
Team-BHP Support
 
Samurai's Avatar
 
Join Date: Jan 2005
Location: B'lore-Manipal
Posts: 22,381
Thanked: 14,279 Times
Default

Quote:
Originally Posted by v1p3r View Post
I thought we were talking about the types who could afford an Accord but stick to a Santro.
I guess you are right. This thread got so long people forgot the original premise.

Folks, this thread is about whether IT pros buy flashy cars even when they can afford it.
Samurai is offline   Reply With Quote
Old 9th April 2007, 19:42   #115
Team-BHP Support
 
Join Date: Feb 2004
Location: Bangalore
Posts: 11,883
Thanked: 9,696 Times
Default

Quote:
Originally Posted by Steeroid View Post
Appearances can be very very deceptive. Tell me Zakkie's a car junkie when he walks around in his flowing robes and skullcap, and I'll say you're high.
Well, if he walks off a flight and loiters around the car park in Sepang International Circuit in such garb- which he did - you'll expect anything
ajmat is offline   Reply With Quote
Old 9th April 2007, 22:47   #116
BHPian
 
Join Date: Mar 2005
Location: Mumbai
Posts: 538
Thanked: 59 Times
Default

Quote:
Originally Posted by Samurai View Post
I guess you are right. This thread got so long people forgot the original premise.

Folks, this thread is about whether IT pros buy flashy cars even when they can afford it.
there are a truckloads of such people and its got very little to do with the IT industry, specifically.

I know people who are worth in crores, but still wear the typical white kurta pyjama 7 days a week, live in a 1-room kitchen (not a 1BHK, just the one room) with their family in a chawl. sounds ridiculous doesn't it. but thats the way it is.

their concept is geared towards wealth-creation and accumulation, not towards affluence. not that I agree with it though.

of course such particular people have very compelling reasons to not buy a flashy car. As paying tax is sacrilege in their way of life, it certainly would be difficult explaining to the taxman certain pointed questions on how he managed to buy a flashy car in the first place. This is also the reason they continue to live in a 50 yr old cramped place, when they easily afford to live in a much better way.
hell_rider is offline   Reply With Quote
Old 9th April 2007, 22:54   #117
BHPian
 
pogusingh's Avatar
 
Join Date: Feb 2007
Location: New Delhi
Posts: 226
Thanked: 0 Times
Default

I had been to Shenzhen in China lately, really a wonderful place with excellent road infrastructure( they are miles ahead really). There also I found most of my IT colleagues( Chinese ) guys used metro for commuting and didnt own any car. Just to add, in China you really got some great cars Volkswagen/Toyota were just everywhere.

-POGU
pogusingh is offline   Reply With Quote
Old 9th April 2007, 22:54   #118
BHPian
 
sreenivass's Avatar
 
Join Date: Oct 2006
Location: Bangalore India
Posts: 872
Thanked: 6 Times
Default its the premise

Quote:
Originally Posted by Samurai View Post
I guess you are right. This thread got so long people forgot the original premise.

Folks, this thread is about whether IT pros buy flashy cars even when they can afford it.
I do not know if a common IT guy can really afford a flashy car (meaning 10+ Lakh). Its a kind of overly hyped that IT guys have lot of purchase power, etc.. I suspect it.
sreenivass is offline   Reply With Quote
Old 9th April 2007, 23:39   #119
Senior - BHPian
 
esteem_lover's Avatar
 
Join Date: Jul 2006
Location: Madras/Py
Posts: 7,554
Thanked: 445 Times
Default

Quote:
Originally Posted by pogusingh View Post
I had been to Shenzhen in China lately, really a wonderful place with excellent road infrastructure( they are miles ahead really). There also I found most of my IT colleagues( Chinese ) guys used metro for commuting and didnt own any car. Just to add, in China you really got some great cars Volkswagen/Toyota were just everywhere.

-POGU
If we had good public transport, then most of us would prefer to take that & use our cars only on weekends. i know i would do that.
esteem_lover is offline   Reply With Quote
Old 9th April 2007, 23:45   #120
BHPian
 
sreenivass's Avatar
 
Join Date: Oct 2006
Location: Bangalore India
Posts: 872
Thanked: 6 Times
Default with you any day

Quote:
Originally Posted by esteem_lover View Post
If we had good public transport, then most of us would prefer to take that & use our cars only on weekends. i know i would do that.
Unless our city traffic improves by leaps and bounds most of the folks will be with you.

Not only China, I think its same in Japan as well. Wish we had some of those super fast metros here too.
sreenivass is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Things they donít teach you at an Indian driving school SDP Street Experiences 195 16th September 2016 11:26
So, why don't you buy an Automatic? GTO The Indian Car Scene 709 12th August 2016 20:32
I want to buy a Beagle in Bangalore. UPDATE: The DON has arrived! Duboy Shifting gears 38 11th April 2009 13:08
Is this article true?--don't buy petrol on 24th Jan 2008 arunkumar_rec Shifting gears 5 11th January 2008 13:24
Watch out flashy Bangalorians and others - Big brother IT is watching you ajmat The Indian Car Scene 15 24th November 2005 23:04


All times are GMT +5.5. The time now is 23:56.

Copyright ©2000 - 2017, Team-BHP.com
Proudly powered by E2E Networks