Buying a Car v/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 renta