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Hiring A Car Is Cheaper Then Buying A Car , Cost Rs 850 Per Day!

Buying a Car v/s Hire a Cab 

A superb Analysis

 Any car  in India cost at least 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 insurance Rs 15000 = Rs. 41/day

 Daily petrol minimum 
= Rs. 100/Day

 After every 3 years Tyre & Battery change charge Rs. 25,000 i.e. = Rs. 23/day

 Yearly maintenance of
Car Rs. 9000 i.e 
= Rs. 25/day

 Plus interest loss on
Car buying amount
@8%on Rs. 6,00,000 = Rs 131/day                                           _____
So after buying a new car daily expenditure = Rs. 850/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 the Indian roads is full of risk added with Mental tension/BP...

 New hefty Traffic challans not included. 

 Can this be the real reason behind recession in the automobile industry?

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