Car Ownership vs Cab Calculator
Owning a car has a true monthly cost most people never add up: EMI, fuel, insurance, service, parking, and depreciation. Compare it honestly against just taking Ola and Uber.
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Owning this car truly costs about ₹33,788 a month once you include EMI (₹12,871), fuel, insurance, service, parking, and roughly 12% a year of depreciation. Taking cabs for the same travel would cost ₹8,000 a month. Cabs are cheaper by ₹25,788 a month, which is ₹3.09 lakh a year you could invest.
- Car EMI
- ₹12,871
- True monthly cost of owning
- ₹33,788
- Monthly cab cost (same travel)
- ₹8,000
- Cabs save per month
- ₹25,788
- Cabs save per year
- ₹3.09 lakh
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What the difference becomes invested
If cabs are cheaper for you, plug the monthly difference into a SIP and see the 10-year number. If owning is cheaper, you have your answer with a clear conscience.
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The depreciation nobody includes
A new car in India loses roughly 15 to 20 percent of its value in year one and 10 to 12 percent a year after that. That loss is a real cost of ownership even though no one sends you a bill for it. This calculator counts it at a conservative 12 percent a year, which is why the true monthly cost is higher than the EMI you were quoted at the showroom.