swift zxi

Tweets on 2012-07-27

by Vinaya HS on July 27, 2012

in Finance,Travel

A weekend break from the morbid life insurance posts!

Image of Swift during Bekal trip

Shot in the Shiradi Ghat on the way to Bekal — details and more photos in an upcoming post.

Have a great weekend.

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Perhaps the most often asked question/comment that I get is — “Why don’t you switch over to a more frugal car?”

Here’s their case. I’ve driven the Swift 60,000+ kilometers. The fuel efficiency that I’ve always got is 10 kilometers per liter (the rev line was breached on day one but because of that the car’s performance is a dream today). So, back of envelope calculations suggest a burning of 6,000 liters of petrol. At an average of Rs 65 — 70 per liter of petrol over the past 3-years, that directly translates to a burning of Rs 400,000 in cash! Wow! One more year and I’ll have crossed the purchase cost of the Swift itself. That is some achievement eh?

Image of 60000 Kilometer Mark on the Swift

But assuming that I had a doubly efficient car that burned the cheaper cousin of petrol, I’d hypothetically have saved up around Rs 250,000 by now. At an assumed rate of interest of 9%, that would have translated to around Rs 2,000 per month in the form of interest earned. Those 2,000 Units of Freedom would most certainly have pushed me a notch up on the ERE-chart.

But then again, I’d for sure be 2,000 Units of Happiness less happier. I think it’d actually be much much more than that because I happened to meet D about a month after I bought the Swift (and no amount of financial freedom can replace that happiness). So, on the Units of Freedom vs. the Units of Happiness chart, I’d be free-er but unhappier.

In general, I believe this to be a tradeoff that each one of us seeking financial independence would have to make at one point or the other in our lives. Based on what’s important to you, you either choose the freedom path or the happiness path. In my case, with respect to the Swift, I chose the happiness path which is why I spend a bunch on petrol each month without blinking an eye. That’s also why I have no current plans to switch to a more frugal car. I simply don’t wish to be less happier.

There, I just had to get that rant off my chest. Thanks for your patience in reading to this point. But have you ever had to make a similar choice before? If so, what did you choose?


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Every kilometer traveled in the Swift increases happiness and satisfaction with life. Looking back, mine has grown exponentially.


Tweets on 2012-02-04

by Vinaya HS on February 4, 2012

in Finance

Travel, travel, and more travel. To California and then to Mumbai.

That’s been the theme over the past month. All on official work. Capital Advisor was on auto-pilot for some time and then once the scheduled posts ran out things went a bit quiet since I couldn’t find the time to write. Over the next week I’m expecting some more travel — one official and one personal. But I’ll try and keep the writing going.

Meanwhile in California, I had this Kia Soul take me places.


Looks suspiciously Swifty! Maybe that’s why I instantly fell in love with the Soul and didn’t want to hand it back to Avis.

And before I end, a BIG thanks to everyone who wrote-in asking about my whereabouts.


Somewhere on the Siddapura — Madikeri Ghat Road.

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An incredible machine.


On the way to D’s office. Interestingly, D came into my life just a month after the Swift entered my life. Had never imagined that I’d be this lucky.

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Another photo from the archives.


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Tweets on 2011-07-18

by Vinaya HS on July 18, 2011

in Finance

Rubber for the Swift and my emergency fund seem to go hand in glove.

About a year back, I had to dip into my emergency fund when I had to urgently replace the rear left tyre because a sharp iron rod tore through the tyre wall. A couple of weeks back, I had to dip into my emergency funds again since the treads on all four tyres were almost worn out and it would have been dangerous to drive around in such a condition (we’d also planned a road trip to Mantralaya).

I’d been meaning to save-up for for this expense (as a 6-month goal) and had just started, but then I happened to read about the tripod of stability and was influenced into taking immediate action.

Rs 3,900 a tyre x 4 tyres = Rs 15,600 – Rs 800 for the old set = Rs 14,800 + wheel-balancing and alignment charges. I opted for the JK Vectra’s itself since the previous set had served exceptionally well for about 49,300 kilometers.

A pretty BIG dip into my emergency fund but given that the Swift is practically our second-home, it was worth it.


Tweets on 2011-06-24

by Vinaya HS on June 24, 2011

in Finance

On a remote ghat road. I think I’ll own a Swift as long as they keep manufacturing one. With 49,000 on the odo, the treads are beginning to wear out. Who knew those JK Tyres would hold-up this well. The Bridgestones on my Santro had given up around the 40,000 mark.



I’m a big fan of ERE. When I embarked on my journey towards financial freedom last year, I followed many of the principles outlined in ERE, just that I didn’t know there was an official term for doing what I was doing.

My ERE strategy is quite simple. Each month:

  • I contribute first and foremost to my financial freedom fund. My paychecks now pay for my paychecks later. I have a defined target that I absolutely must meet each month. This tactic has worked so well that I can’t believe how much I have saved over the past nine months.

  • I then contribute to my short-term goals. Sounds weird? Sounds counter-intuitive? Whatever happened to my medium-term goals? I want to enjoy the “now” as well — completely and without regret. My medium-terms goals (such as saving-up cash for my next car) are certainly important but come lower down the pecking order.

  • I then contribute to my medium-term goals. I just have one at the moment.

  • Finally, I either splurge whatever’s left or, if I’m in an aggressive ERE mindset, I contribute whatever’s left as a bonus into my financial freedom fund.

Here’s what my ERE-chart looks like:


Monthly ERE-savings are, on an average, 43% of my monthly income. Monthly expenses are, on an average, 26% of my monthly income. The remaining 31%, on an average, goes into everything else. I can break this down further if you’d like me to.

I want to bump-up that 43% closer to 50%! That would be serious ERE. That would require me to burn less petrol each month — consider this: 49,000 kilometers on the Swift odometer, 10 kilometers per liter of petrol, 4,900 liters of petrol, Rs 65 per liter of petrol (on an average), you do the calculations.

D won’t let me do it. She’s smitten with the Swift.


@ Shishila — On the banks of the stream flowing past the Shishileshwara Temple.


Another milestone for the Swift.

40,000 kilometers. 705 Days. Nomadic!

There’s only one way you can make a Swift fall truly, madly, and deeply in love with you (so that it’ll do everything you ask it to do!). Here’s how.

Buy your Swift. Chuck the manual. Hit the red-line in 1st on your way out of the showroom. Forget what you have read/will read elsewhere.

By the way, Notary loves the Swift in 2nd and 3rd. Coming from him, that’s high praise.


Update: I realized just yesterday that I’ve made a worse mistake: a BIG miscalculation in my income tax liabilities. Bummer! I’ll write about this in detail in the next post.

Having spent quite some time in thinking about my personal finance resolutions for 2011, I also spent some time reflecting upon what was perhaps my biggest financial mistake in 2010. You already know that I saved quite aggressively towards closing the loan on my Swift. But once done, I became quite lax in taking the next steps. I closed the loan on priority but completely procrastinated in getting the hypothecation removed from the Vehicle Registration and Insurance records.

I couldn’t have made as bad a mistake as this one. My Swift isn’t really mine until the hypothecation is canceled.

Too many things happened that led to such a situation.

To begin with, Axis Bank, from whom I’d availed the car loan, messed up in mailing the No Objection Certificates. They had my correct postal address on record but they managed to send the post to a wrong address. I waited for close to 2 months (since Axis Bank had quoted 45 days for the post to be dispatched) before I made a personal visit to their Regional Processing Center (whose location had changed since the time I pre-closed the loan). I discovered their mess-up only then. Thankfully, they had my certificates lying around in a cupboard. It’s vital that you keep the loan pre-closure receipt safe until you have the No Objection Certificates in your hand since that’s the only proof of payment you have.

The next couple of months were hectic since I was settling down at my new job and was also traveling around on personal and official trips. Come mid-December, it was already 4 months since I’d pre-closed the loan but the hypothecation was yet to be canceled. I should have prioritized this task and made time in-between, but I didn’t. Thankfully, the No Objection Certificates were valid for 6-months from issue — they’re generally issued with a 90-day validity.

It was only last week that I finally took my own advice. In a couple of days, my Swift will finally be mine. :-)

Lesson learned.

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When I pre-closed the loan on the Swift, there happened to be a small difference between my calculations and the bank’s calculations, with the bank’s figures being higher. I didn’t bother too much about it back then, but now I know the cause for that difference.

A 10.3% service tax levied on car loan prepayments.



Tweets on 2010-10-10

by Vinaya HS on October 10, 2010

in General Stuff

KA XX AB 1234 has her own URL.



One of the most important things that you ought to know about your spouse before marriage is the financial liabilities that he/she brings into the relationship. Because, after marriage, they really do become “our” liabilities. In our case, I’d explicitly mentioned to D that the Swift was on a loan — I recollect mentioning the minutest details of the loan — and that was the only liability I had. D, of course, has never had any liabilities ever.

Post our marriage, every financial choice that we made was made around what had now become “our” liability. After each EMI left my account, I’d send an SMS to D saying that ‘N’ number of EMIs were now left. We desperately wanted ‘N’ to quickly reach zero and it happened because both of us had a common objective: that of clearing “our” liability.

What do you think? Have you and your spouse had such a common objective? How did you go about achieving that?


Tweets on 2010-09-04

by Vinaya HS on September 4, 2010

in General Stuff

@ Namdroling Monastery, Bylakuppe, Kushalnagar.

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Using My Emergency Fund — Car Repairs

by Vinaya HS on August 26, 2010

in Finance

I guess emergencies come in bunches. First it was the rainwater harvesting project and soon after that the rear left tire on my Swift shredded — I had parked at a friend’s place and while reversing, construction debris in the form of a sharp iron rod tore right through the tire wall . I had to replace the damaged tire with a new one since the repair shop said that while the damage could be repaired, there was no guarantee of it holding at high speed.

Cost Rs 4,000.



Tweets on 2010-08-15 — Independence Day Edition

by Vinaya HS on August 15, 2010

in Finance

Wishing all my readers a meaningful Independence Day.

On this delightful day, I’d like to share a milestone: I am debt free. I closed the only loan I had — that on my Swift. Though my original plan was to close the loan only in December, I threw whatever I could — including my free cash flow — towards closing the loan. Going forward, as D says, NO EMIs — we buy what our cash says we can.

Over the past week, I also managed to get rid of a whole bunch of physical clutter. It’s honestly liberating when you unclutter.

I now need to put a plan in place for financial independence.


Tweets on 2010-08-01

by Vinaya HS on August 1, 2010

in Finance

Do you see any advantage in using “premium” fuel for your vehicle or is it simply a cost that you should avoid?

I’ve owned both a Santro (sold at 45,000+ kms) and a Swift (currently at 32,000+ kms) and have never ever seen a performance/mileage difference when using “premium” fuel.

Note: I didn’t run-in my Swift — it’s not meant to be. And, when traffic-free, my Swift shifts always happen at the red line.


Tweets on 2010-06-20

by Vinaya HS on June 20, 2010

in General Stuff

485 days. 30,000 kilometers.

Copy of IMG_2170

Do you live to drive?

Do you have a budget of around six and a half lacs?

YES to both?

Go and buy a Swift ZXi.


Tweets on 2010-03-31

by Vinaya HS on March 31, 2010

in General Stuff

@ Ahobala Lakshmi Narasimha Temple, Sira.

Swift ZXi - Sira

Thanks DJ!