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Published byPhillip Butler Modified over 9 years ago
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CAB OR CAR ? Find Out if you should Buy a CAR or NOT
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Cost of New Car Ownership in India Purchase cost 5,00,00 0 Down payment 1,40,00 0 EMI at 11% interest, 5 years loan 4,70,00 0 Fuel @ Rs. 70 /ltr Lifetime: 70,000 kms 4,90,00 0 Insurance (Individual claim) Maintenance cost 60,000 70,000 TOTAL COST - 1,50,00 0 Monthly Cost Lifetime Cost 5 years 7,80 0 1,20 0 8,20 0 1,00 0 Sale of car in second hand market 10,80,0 00 18,2 00 Rs. 15 per km is the cost of owning a car!!!
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STATUS RELIABLE COMFORT Owning a car is costlier on a per km basis, than taking a cab, but I prefer it becos… WHY DO SO MANY PEOPLE BUY A CAR? Even though its costlier than taking a cab. If cabs/autos/ public transportation is not easily available If you will use a car for more than 50 kms a day
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Do you commute regularly? Can you drive? Can you afford EMIs regularly? Pay for car monthly running costs? BUY A NEW DREAM CAR! Can your family member(s) drive? Driving lessons anybody? TAKE A CAB, MAN! UNTILTHENUNTILTHEN Yes No Still Dreaming of a Car ? Watch out for the twist and turns… START
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HAPPY RIDING
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