HariPrasad
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With Petrol and diesel price gap narrowing, I would recommend petrol car. When the gap was high, break even point was around 1500 KM for a life of 6 years plus. Now it would be 2500km Per month.
Diesel will have following additional cost.
Rs 1000 PM for interest cost of additional capital of Rs 1 Lakh.
Rs 150 Additional insurance er month for higher cost.
Rs 150 Additional Maintenance
RS 500 Additional Depreciation every month.
So unless you save Rs 1800 PM on fuel cost, There is no point in buying Diesel car.
Considering Rs. 1.25 saving per Kilometer in diesel option, for small cars, Break even point should be around 1500 KM.
Diesel will have following additional cost.
Rs 1000 PM for interest cost of additional capital of Rs 1 Lakh.
Rs 150 Additional insurance er month for higher cost.
Rs 150 Additional Maintenance
RS 500 Additional Depreciation every month.
So unless you save Rs 1800 PM on fuel cost, There is no point in buying Diesel car.
Considering Rs. 1.25 saving per Kilometer in diesel option, for small cars, Break even point should be around 1500 KM.