Buying a car v/s Uber or ola:
An 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 years 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.
If driver employed =Rs 300/day Plus interest loss on Car buying amount @8% on Rs 6,00,000 = Rs 131/day
So total daily expenses just after buying new car = Rs 850/day
So friends until you pay Rs 850 daily to hire a cab you are effectively in gain travelling in uber or ola.
RAJIV KAPOOR
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