Financial planning Buying a Car Vs Uber Rent – Which is best? - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Thursday, November 03, 2016

Financial planning Buying a Car Vs Uber Rent – Which is best?

Financial planning  Buying a Car Vs Uber Rent – Which is best?


Financial planning 

Buying a car v/s uber

Any car  in india costs at least 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
No of days of six yr is 2200 days
So Rs. 5,00,000 / 2200        = Rs.   230 per day

Yearly insurance Rs. 15.000        = Rs.  41 per day

Daily petrol      minimum   = Rs.    100 per day

After every 3 year tyre and
Battery change charge
Rs. 25,000  i.e.                      = Rs. 23 per day

Yearly maintanance of
Car Rs. 9000 i.e                    = Rs.  25 per day
I
f driver employed ( bcas)
Uber comes with a driver   = Rs. 300 per day

Plus interest loss on

Car buying amount
At 8% on Rs 6,00,000           = Rs. 131 per day                            _____

So total daily exp is
After buying new car         = Rs. 850 per day                         ---

So friends untill you pay Rs. 850 daily to hire a cab you are effectively in gain travelling in uber..

This is called financial planning.
Financial planning Buying a Car Vs Uber Rent – Which is best? Reviewed by S. Chitra on November 03, 2016 Rating: 5 Financial planning  Buying a Car Vs Uber Rent – Which is best? Financial planning  Buying a car v/s uber Any car  in india costs...

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