If you are amongst the many urban dwellers making a beeline to book a diesel car ‘before it’s too late’ to save on Fuel cost, please STOP!
Did you ask the quintessential question ‘Kitna Deti Hai?’ before making up your minds on which car to buy? I am 100% sure you did.
Did you do the math on the per km running cost to decide which fuel should power your car? I am 60% sure you did.
Did you then assess your annual usage (in kms) to understand the recovery period for the extra capital expense in buying a Diesel car? Hmm..now I’m just 40% sure you did..
And now, did you also factor in the cost of Interest on the extra Capital expense for buying a diesel car? I’m pretty certain most of you didn’t!
Anyone with moderate MS Excel skills and about 10 minutes to apply it would figure that Petrol cars are in fact a better option. In fact, for those of us who plan on funding our diesel car through banks, chances are you are never going to recover the cost of extra capital expense.
Current day cost difference between a Petrol and Diesel variant of the same model is about Rs.1.5 Lacs. A car giving a mileage of about 15kmpl will have to be driven almost thirteen thousand kms each year for the cost to be recovered in 6 years.
But if you consider the extra interest you pay on the Rs.1.5 Lacs, the recovery period shoots up to 19 years! Yes you read it right!
Well, what can I say.. the government isn’t so stupid after all.. your choices are limited between giving your money to the oil companies or to the bank :)
PS - Leave your e-mail ID in the comment section if you want me to mail the excel sheet to you.
No comments:
Post a Comment