The economic times article quoted above was a silly article. The author arrived at the conclusion ( that hiring is better than buying) and then invented justifications to fit into that premise.
One buys a car for convenience, not for economy. Hiring a taxi is not economical or even practical all the time, like say in the midnight, or when it is raining, or when you have to go to a remote location etc.
There were many illogical calculations thrown in in the article to prove that hiring was better, but one should not compare owning with hiring, one should compare owning a car with leasing a car ( or taxi, if you will). And then one can find that leasing a taxi ( typically Indica) costs about Rs 15000 per month. Owning a car wll cost less than that per month, and it will have many other benefits over leasing a taxi that does not belong to you. |