Hello everyone, how are you doing today? I've got a new video for you today, so today's video is the most requested one. Ever since it was revealed on Instagram that Sourav has bought a new car.
Everyone was saying, "Make a video about Sourav's car," "What car has Sourav purchased?" and "When is the vehicle's vlog coming?" So, today is the day of the vlog.
We went for a little drive earlier today, so the car is a little dirty, but that's not a problem. So we will talk about the car's price, the insurance, and whether its a new car or not. What kind of vehicle is it?I'll answer all of your questions, but first, Like the video and let's get started.
So now let's talk about how much the car installments is going to be, how much the car was, what the entire price was after taxes, what other addons he got, and what the things were.
So, first, let me tell you this is Hyundai Sonata 2020, which you are probably familiar with.We'll go over the features later and show you everything. First , let me tell you what's the price, etc.
So, what's the Price, Sourav? So the car is around $40,000, but after insurance, warranty, and sales tax, the car is around $50,000.
Means he got the car for $ 50000, and he always wanted to get a new car. He was saying that if he have to purchase a car, I will get the new one rather than the old one. If I buy a car, I'll buy an old one first,
and if I see another vehicle, I'll buy a new one. It is now normal in this country to either pay it all in cash or have it done on a yearly basis.
Isn't it true that people give 7 years of installment , Sourav? So people give 7 years of installment, and we also get 7 years as well. If you pay in installments for one year or four years, you will have to pay less interest;
if you pay in installments for six or seven years, you will have to pay a little more interest; and if you pay in d for more than seven years, you will have to pay a little more interest.
So , Sourav has to pay 1.99 percent interest per year. So this is the 2020 Ultimate Sonata, and if he had purchased the 2021 edition, his interest would have been 2.99 percent, which was high, and he liked this model.
There was just one problem: he wanted black, but he got white, which was fine because he also liked white.So, Sourav, tell me about it's features. So, first , it has 12 BOSE speakers, but we can't play the music right now because a copyright strike could occur.
So, if I push buttons here, the seats will adjust little, and you can save the seat setting in this.
That is the basic features for adjusting windows. The steering wheel is heated, and the seats can be heated or cooled. As you can see,
the larger model has a 10" screen, while the smaller model has an 8" screen.
It has ambient lighting and a heads-up display . There is plenty of room in the rear allowing three persons to sit comfortably.
As you can see, there is a moon roof above. Sourav Is it the Moon Roof or the Sun Roof? What is the difference between the two? Let's forget if its moon or sun, it doesn't matter
because I know nothing about cars. Sourav knows a little bit, but I don't know anything about them.
Here's an automatic gear system without a leaver and also a wireless charging pad.
So the second question is how much of an installment must be paid each month. So, how many monthly installment does Sourav you have to pay? As of now, I have to pay 630$ per month for 7 years.
So, if you pay in installments for seven years, you must pay every month, which is a basic requirement. A year had 12 installments, for a total of 84 installments.
The monthly payment for 84 installments will be roughly 630$, which is a bit costly. But that doesn't matter because the insurance is a little cheaper here. Now, let's talk about insurance.
There is a system set up that requires you to pay insurance here every month; those who are familiar with the process of purchasing a car in Canada will undoubtedly be aware of this. But, for people who do not know,
in India, we can take 1 year or 5 years, whereas here, we must acquire insurance every month, and the sum of this insurance is very high for those drivers who have recently obtained a license.
So, for example, in Toronto, if I buy a car having G-2 License, my monthly insurance may rise to 450-500$ with a 630$ installment (if I have to pay that).
So, the monthly payment is between $1100 and $1200, including the cost of insurance is quite high. In Winnipeg, insurance is very cheap; let's ask Sourav how much he pays for insurance. I spend about 198-200 dollars for insurance.
So the insurance is around $200, the installment is around $630, and the petrol is around $100-150, for a total of over $1,000 every month.
So, if you want to buy a new car, you'll have to spend roughly $50,000. Sourav's situation is such that he liked Sonata and solely wanted to get Sonata.
He didn't even want to see any other cars and told me I only wanted to buy the Sonata. Another thing I'd like to mention is that
the insurance here is of many types, so he has also taken Gap insurance with the car, which is between 3000-3500$, and its installment also needs to be paid every month, which is between 630$.
What happens if, God forbid, your automobile is involved in an accident that results in the total loss of the vehicle? The insurers will tell you that instead of having it repaired, we will give you money equal to the value of the car at the moment.
For example, if there are 40000 $ payments remaining and they have paid us 30000 $, we must pay the remaining 10000 $. So, What does Gap Insurance do? It fills the $10,000 gap.
That is, the car company will have to pay the remaining $10,000, so there is no need for us to be concerned. So the only thing he did was add it to his insurance
and get the 8-year warranty. In which, if any part of the car is damaged over the next eight years, it will be replaced for free ,
he got the warranty as well as the insurance, as well as the gap insurance. If the gap insurance and warranty had not been included, the car would have purchased for close to $46000.
Now that I've told everything, I don't think there's anything further to say. We've revealed all of the fundamentals, and we don't know what else to tell you because we only purchased the car a week ago. When it comes to cameras, they are installed all around the car, so these were the main things, and the rest of the fundamental functions are present.
So, I hope you learned something and enjoyed the vlog. Sourav bought the car, and I will also buy the car later because my job is not too far away, about 10-15 minutes away from home, so I thought I will buy the car later. So there concludes today's video; until next time, good luck, have a good one, and stay safe.
and also follow both of us on Instagram. BTW Sourav does't posts anything there. So okay bye guys.