Buying a Car v/s Hire a Cab A superb Analysis


Buying a Car v/s Hire a Cab  A superb Analysis

Any car  in india cost atleast Rs 6,00,000
Scrap value after six year  -    Rs 1,00,000
Net amount goes in effective
Life of six year                          Rs  5,00,000
Nos of days of six yr is 2200 days

So Rs. 5,00,000/2200       = Rs.   230/day
Yearly insu Rs 15000*       = Rs   41/day
Daily petrol      minimum   = Rs    100/Day
After every 3 yr tyre &
Battery change charge
Rs 25,000  i.e.                      = Rs. 23/day
Yearly maintanance of
Car Rs 9000 i.e                    = Rs  25/day
If driver employed ( bcas)
Hire a cabe comes with a driver   =Rs 300/day
Plus interest loss on
Car buying amount
@8% on Rs 6,00,000           = Rs 131/day
                                           _____
So total daily exp is
After buying new car         = Rs 850/= per one day.

⚖⚖⚖⚖⚖⚖⚖⚖⚖⚖⚖

So friends untill you pay Rs 850 daily to hire a cab you are effectively in gain travelling in rental car.

OLA / UBER now available

Above all driving cars on Indian roads is full of risks and Mental tension/BP

Make use of METRO wherever available

If u agree share for the benefits of all.

This is called financial planning and thinking of National Interests

 ..........🙏🇮🇳







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