Uber v/s Buying A Car
Uber is a better choice today than buying a Car
How many of you have dreamed of a chauffeur driven car where all you want is to travel comfortably to your destination?
In today’s world travelling takes up the major time and for the majority of the people “Time is Money”. The affordable way to utilize your time is by doing your minor work like sending emails or calling up clients, etc. You can hardly do this if you are travelling by train, bus or rickshaw. Car is an apt choice if you want to utilize your time efficiently.
Do you think buying a car is a good choice or do we have an alternative? Uber is an economical alternative choice for all those who choose to drive rather than using local modes of travelling like train or bus.
| Any car in India(Minimum cost) | 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 in 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 yr, Tyre & Battery change charge | Rs 25,000 i.e. = Rs. 23/day |
| Yearly maintenance of Car | Rs 9000 i.e = Rs 25/day |
| Yearly maintenance of Car | Rs 9000 i.e = Rs 25/day |
| If driver employed ( bcas) | |
| Uber comes with a driver | Rs 300/day |
| Plus interest loss on Car buying amount @8% on Rs 6,00,000 | Rs 131/day |
| So total daily exp is After buying a new car | Rs 850/day |
| So, till you don’t cross this limit of Rs.850/day by hiring a cab you can happily travel in Uber. If you still want to buy a car it is fine until it is a planned move. If you agree, share this with your friends. This is called Financial Planning. | |
For everything else, Money Anna is there to help!
