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Driving in India can be painful and tiring. There is always traffic on the road and finding a place to park is hard. Fuel is expensive and prices are always rising. Peace of mind is hard to find.
The Solution – We have found that by using brands like Ola and Uber, you can save Rs.43,000 every year. You can enjoy being driven around by a driver, catch up on work or sleep, take important phone calls or just watch TV! Sounds like an expensive affair? It isn’t! We have done the math for you, take a look…
We first calculated how much money a person spends driving to work each day. Also added to that the cost of ownership. Owning a car is full of hassles.
Then we compared these prices to two most popular cab hailing services; Ola and Uber. We found that on average a person can save minimum Rs.3500 every month by booking cabs through CashKaro.com.
There are countless options when it comes to buying a car. Expenses vary based on distance driven, fuel type and other factors. So we’ve made some assumptions to make this story as accurate as possible.
Cost of Owning a Car
|Average Cost Of A Car||Rs.6,00,000|
|Average Time Of Ownership||5 years|
|Resale Value After 5 Year||Rs.1,00,000|
|Annual Insurance Costs||Rs.1,20,000|
|Annual maintenance costs||Rs.9,000|
|Cost Of Driver||Rs.12,000 per month|
|Distance Travelled Daily||50kms (25kms one way)|
Petrol and diesel prices at the time of writing this story:
- Petrol @ Rs.70
- Diesel @ Rs.60
- Petrol mileage @ 15km/liter
- Diesel mileage @ 20km/liter
We have included the cost of a driver in our comparison since cabs come with a driver. If you do not hire a driver, you will definitely spend less. You can also reduce your costs by not getting insurance or buying a petrol car instead of a diesel car. We have not even included the Rs.25,000 that costs to change the battery and tires after 3 years!
For the benefit of car owners: Learn how you can save money on fuel with these best fuel credit cards
|Per Day Cost (50kms/Day)||Petrol Car||Diesel Car|
Ola and Uber have different prices so we have shown daily costs for both.
Average Cost Of Ola & Uber
Average cost of Ola: Rs.770 per day
Average Cost Of Uber: Rs672 per day
Owning a Car Vs Taking Cab Price Comparison
|Petrol with driver||Petrol without driver||Diesel with driver||Diesel without driver|
|Max Daily Saving||Rs.568||Rs.168||Rs.518||Rs.118|
|5 Year Saving||Rs.1036600||Rs.306600||Rs.945350||Rs.215350|
As you can see, at the very least you can save Rs.43,000 every year. Taking a cab is definitely cheaper and even more so in the long run. And you never have to worry about parking either!
The CashKaro Advantage
By using coupons from CashKaro.com you can save even more money. You can benefit from discounts on Ola and enjoy 7% CashKaro cashback and more on Uber.