Social media influencers often generate engaging content to hook the netizens and this is the latest example of that
I recently came across a rather fascinating post from a prominent social media influencer about how one can have enough money to buy a Tesla after one year by buying 12 Maruti Wagon R cars instead of the Model Y at present. The internet is an amazing place where almost all sorts of opinions and expressions are available. People exercise their right of expression and free speech and come up with exciting posts. For now, let us delve into the details of this latest case.
Influencer Shows Insane Calculations By Buying 12 Maruti Wagon R Cars Instead of Tesla Model Y
I stumbled upon this post on X by Nalini Unagar. She is a content creator and a YouTuber. While her content revolves around a bunch of topics, her latest tweet carries something which stimulates the automobile enthusiast in me. She goes on the demonstrate an elaborate mathematical calculation to show that buying 12 Maruti Wagon R cars instead of a Tesla Model Y right now can generate enough income to purchase the EV in 1.5 years. I must admit the numbers seem quite vague and theoretical.
She mentions that one should buy 12 Wagon Rs for Rs 74 lakh, which is what Model Y costs. One can then deploy these Wagon Rs in Uber. She assumes an income of Rs 3,500 per day, which comes out to be Rs 91,000 in a month of 26 working days. Considering the fuel cost of Rs 20,000, the driver’s salary of Rs 15,000 and the Uber commission at Rs 22,000, she concludes a net profile of Rs 34,000 per month per car. Multiplying this by 12 for 1.5 years results in Rs 73.44 lakh. She says that with this amount, you can purchase a Tesla Model Y and still have 12 cars running under Uber for a steady monthly income.
My View
Now, while these calculations seem logical at first glance, there are numerous moving variables which have not been accounted for. Before you decide to sell your house to get Rs 74 lakh, you must consider all the aspects thoroughly. Firstly, not everyone has a disposable sum of Rs 74 lakh lying around. Secondly, people mostly take loans to buy cars, even the rich ones. Unfortunately, the interest component has not been mentioned in these calculations. Thirdly, cars often undergo maintenance, repair and deal with accidents. None of that has been included in these calculations.
Having been in the automobile industry for 5 years, I also understand the concept of depreciation. That is something which you can claim while filing your taxes. On EVs, this amount is a whopping 40% per year. In addition to that, it is not easy to find a driver for Rs 15,000 in metro cities. Finally, the fixed income component looks great only in theory. I must credit this post anyway, as it could be a great idea for someone looking to deploy his/her spare cash. Still, I would urge my readers to be business-savvy and research well before actually investing money.
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