Buying a Car v/s Hire a Cab...

Buying a Car v/s Hire a Cab:
A superb Analysis (Based on Present Situation In India )

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 maintanance 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 new car daily expenditure is = Rs. 850/day.

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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 Indian roads is full of risk and Mental tension/BP.....

Make use of METRO rail wherever available.

This is called Financial planning and thinking of National Interest...