Owning Car vs Cab in India

The Problem

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…

The Analysis

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.

Price Comparison

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 CarRs.6,00,000
Average Time Of Ownership5 years
Resale Value After 5 YearRs.1,00,000
Annual Insurance CostsRs.1,20,000
Annual maintenance costsRs.9,000
Cost Of DriverRs.12,000 per month
Distance Travelled Daily50kms (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

Daily Costs

Per Day Cost (50kms/Day)Petrol CarDiesel Car
With DriverRs.1240Rs.1190
Without DriverRs.840Rs.790

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

ola price vs car

Average Cost Of Uber: Rs672 per day

uber price vs car

Owning a Car Vs Taking Cab Price Comparison

 Petrol with driverPetrol without driverDiesel with driverDiesel without driver
Own CarRs.1240Rs.840Rs.1190Rs.790
Max Daily SavingRs.568Rs.168Rs.518Rs.118
Yearly SavingRs.207320Rs.61320Rs.189070Rs.43070
5 Year SavingRs.1036600Rs.306600Rs.945350Rs.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.

📢 Hungry for more deals? Visit CashKaro stores for best cashback deals & online products to save up to ₹15,000 per month. Download the app - Android & iOS to get free ₹25 bonus Cashback!
Weaving together scientific curiosity and extensive research to create meaningful content that provides relevant and engaging information applicable to the readers lives. A full-time bookworm and a part-time writer driven by passion, motivation & dedication!


Please enter your comment!
Please enter your name here

14 + one =