Hire a car or own it? Which is better?

[soundararajan50]

Hire a car or own it? Which is better?
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 insu 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 maintanance of
Car Rs 9000 i.e = Rs 25/day
If driver employed ( bcas)
Hire a cabe 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 new car = Rs 850/= per one day.


So friends untill you pay Rs 850 daily to hire a cab you are effectively in gain travelling in rental car.
If u agree share for the benefits of all.
This is called financial planning ...........................