Ola, Uber Cab Booking (Renting) v/s Buying Own Car (which is best) - India 2019

Ola, Uber Cab Booking (Renting) v/s Buying Own Car (which is best) - India 2019

Ola, Uber Cab Booking (Renting) v/s Buying Own Car (which is best) - India 2019

 Today will discuss if in this age of Uber and ola does it make sense to buy your own car special in metros discuss about financial perspective and then we touch up on some intangible factors as well as compared cost of owning the Wagon R petrol and CNG with cost of Uber and ola for a period of 3 years and 5 years.

Hair the calculations this is the car price in Mumbai for petrol and CNG version respectively in this example we have assumed 1000 kilometre per month of travel with mileage of 17 kilometre per litre and 20 kilometre per kg.

Respectively fuel price we have assumed as 75 rupees per litre and rupees 42 per kg in Mumbai respectively apart from this other cost of maintenance resume rupees 2000 per month which includes your car service insurance extra with also assume rupees 1000 per month for parking discharge can be variable depending on your office and home location in this example we are not taking cost on driver as of. 

Ola, Uber Cab Booking (Renting) v/s Buying Own Car (which is best) - India 2019

Now we have assume that you paid this amount as lump sum to buy the car and take the car loan for same travel permit is considered and taken cost of travelling with Uber go or ola micro as rupees 12 per kilometre based on their calculations in a city like Mumbai. 

It comes at around rupees 10 per kilometre but we have taken 20% surcharge as well as used rupees 12 per kilometre for Uber ola cost audit value this would be the resale value of WagonR after 3 years no sense based on assumption.

You have bought the car at lump sum which means you have paid this amount of front with otherwise would have given you some letters in this amount would have been invested.

Assuming 7% post tax return on rupees 5.2 lacs for 3 years we would have got this much amount as interest after 3 years so this amount becomes your savings if you opt for Uber or ola if you would have taken a car loan then you would have paid interest rate to the tune of 92 10% which could have increased your car cost and this would have put extra cost on the car ownership site.

All assumptions in 3 years your savings by opting Uber ola would be rupees 1.5 lacs on petrol WagonR and rupees 86000 on CNG WagonR assuming you only driver CNG and Petrol at all and this amount increases in 5 years as your car resale value decreases kilometre per month then cost of Uber ola and Wagon R CNG Mumbai become almost same for petrol your travel should be more than 1400 kilometre per month.

For you to consider buying petrol WagonR car in Mumbai over and over if you use Uber ola share option this cost will decrease more whereas if you travel most of the time in peak traffic hours then this cost could go upto.

Ola, Uber Cab Booking (Renting) v/s Buying Own Car (which is best) - India 2019

If you would have bought the car in Delhi then things change little bit car cost decreases cost of fuel decreases and cost of Uber and ola also decreases just from financial perspective roughly we can say if you travel more than 1200 km per month than owning Wagon R CNG make sense.

If you travel more than 1400 km per month then even petrol WagonR make sense but below that ola and over a better options calculations changes.

If you change the car or take car loan for hire driver as well we put the link of this Excel sheet in the description you can play around and check what makes sense for you no let's discuss about few intangible factors which money can't buy discuss benefit of owning a car.

And then benefit of Uber and Ola owning a car has its benefit which we cannot put from financial perspective here are some first is your car is always at your disposal which is helpful in emergency during emergency especially at orders wait time with Uber and ola can be sometime upto 10 to 15 minutes which could be specially medical emergencies secondly for unplanned long drives outside Uber and ola me not be able to help you much but your cardboard in such cases you would have to use option such as bla bla car on zoomcar which would take some planning to do which might not be always possible thirdly your own car gives you a consistent experience.

Ola, Uber Cab Booking (Renting) v/s Buying Own Car (which is best) - India 2019

You know what you are getting into and you can improve it by spending in better seeds better car perfume extra experience would be different in every right in some cases you may not like ka cleanliness in others driver behaviour may not be like 43 owning a car gives you more privacy and security.

Specially for girls travelling in orders V owning a car can be a status symbol for some vi if you have your own card you can leave behind your language other belongings in the car.

When you are going for a meeting which is sometimes very convenient now it is time to discuss intangible benefits of ola Uber first and biggest benefit you don't have to drive the car it can be a Nightmare driving the car in peak traffic of metros.

Dubai roller you can take an app for work and back seat so you say lot of time secondly as we have discussed it is cost effective unless you travel alot thirdly one of the big headache since it is parking which is not a problem with ka hai Din 43 you don't have to worry about car maintenance or breakdowns.

Hired car broke down just Hai different 1 this could be a Nightmare if it's your own car V it is safe from road safety perspective as car drivers are professionals annabelle trained the mostly carry less things in their head.

Then what u DU vi no traffic police challan problems 7th coming back from party no drink and drive problem with over 80 navigation problems you can take a nap driver will take you to the location.

Ola, Uber Cab Booking (Renting) v/s Buying Own Car (which is best) - India 2019

You have mentioned 9th no wasting time in fuel or CNG pumps it could be very high special Eon CNG petrol pumps in Mumbai 10th Uber ola promo sharing so it is good for environment as well and or more cost effective so with this analysis hiring Uber and ola score from cost time and hassle perspective.

But convenience and privacy are important matters to which metal tube towards buying your own car we put the link of Excel tool in the description of this video please check if it make sense for you to buy a car by putting the value of specific for your scenario.