Clik here to view.
Based on my tweet earlier, I got a lot of feedback on this topic. My rough calculation concluded that it was much cheaper to use Uber/Ola than owning a car.
To corroborate, I decided to polish my rough excel and create a self help version for anyone to play with various scenarios in case Uber/Ola decides to increase their prices in the future.
Today the cost of owning a (5lac) car is higher than taking @uber every day. This will no longer be the case if per KM cost goes to Rs.12
— Deepak Abbot (@deepakabbot) July 31, 2015
UBER vs Car Ownership Cost SheetImage may be NSFW.
Clik here to view.
Note: If you want to compare against Ola, then take per KM cost of Rs.12.92 for cheapest Ola which takes into account Rs.100 for first 4 km, Rs.8 afterwards & Rs.1 for each minute.
Uber’s net per KM cost comes to Rs.11 if you take the base fare + other charges.
Owning a car has some non-monetary benefits like:
1. Emergencies
2. Large families
3. Weekend/Out of Town trips
4. Pride of ownership
5. Less Hassle (calling & coordinating)
6. Enhanced safety (known environment)
Uber vs Own Diesel Car
Image may be NSFW.
Clik here to view.
Note: If you want to compare against Ola, then take per KM cost of Rs.12.92 for cheapest Ola which takes into account Rs.100 for first 4 km, Rs.8 afterwards & Rs.1 for each minute Uber’s net per KM cost comes to Rs.11 if you take the base fare + other charges
Owning a car has some non-monetary benefits like:
1. Emergencies
2. Large families
3. Weekend/Out of Town trips
4. Pride of ownership
5. Less Hassle (calling & coordinating)
6. Enhanced safety (known environment)
Ola vs Own Petrol Car
Image may be NSFW.
Clik here to view.
Note: If you want to compare against Ola, then take per KM cost of Rs.12.92 for cheapest Ola which takes into account Rs.100 for first 4 km, Rs.8 afterwards & Rs.1 for each minute.
Uber’s net per KM cost comes to Rs.11 if you take the base fare + other charges
Ola vs Own Diesel Car
Image may be NSFW.
Clik here to view.
Note: If you want to compare against Ola, then take per KM cost of Rs.12.92 for cheapest Ola which takes into account Rs.100 for first 4 km, Rs.8 afterwards & Rs.1 for each minute.
Uber’s net per KM cost comes to Rs.11 if you take the base fare + other charges
Here is the link to download the excel calculator. Have fun calculating!
Some findings
Overall car ownership will be cheaper if one doesn’t keep a driver. However the point is that we need to compare the similar deliverables — chauffeur driven 5 Lakh (Swift Dzire) type car.
At INR 16km rate, Uber/Ola will turn out to be more expensive than owning a car. So keep Ubering till they reach that point Image may be NSFW.
Clik here to view.
Also The Times of India published the following graphical version of this sheet in the newspaper today:
Image may be NSFW.
Clik here to view.
Let me know your feedback!
The post The Cost Of Uber Vs Car Ownership In India appeared first on Inc42 Magazine.