@AlliesFin
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 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?
#AlliesFin #Sector #observations
By: via @AlliesFin Serve T.ME/ALLiESFiN
