Buying a car v/s Uber/OLA

Buying a car v/s Uber/OLA
: A superb analysis

Buying a car v/s uber
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)
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 new car         = Rs 850/day
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So friends untill you pay Rs 850 daily to hire a cab you are effectively in gain travelling in uber. If u agree share for the benefits of all.This is called financial planning...