Buying a Car V/s Hire a Cab

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
The 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* Hire a Cab*

 V/s

Buying a Car :

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 until you pay Rs. 850 daily to hire a cab, you are effectively in gain traveling 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?

HAVE YOUR SAY FRIENDS!!!!!!!