Quote:
Originally Posted by Aroy Though diesel would be cheaper on fuel it is by no means cheap to maintain, and add to that a pre owned diesel, you will be treading on unknown territory as far as maintenance is concerned.
Just a suggestion get a brand new Alto K10, it will be extremely cheap to maintain and the fuel efficiency of around 20+ on long run will compensate for costlier fuel. A new car would be trouble free for at least three years, and its small size would not matter if you are traveling with wife and a child only. |
+1. I too feel that a new Alto K10 (as opposed to a used diesel car) would be your best bet for the above mentioned reasons. Besides, you would benefit more by buying a K10, even if you were to buy a new diesel car. Going by your annual travel of about 30,000 kms (65 kms x 25 days + 800 kms), I have worked out some rough calculations:
A new diesel (Swift/Ritz/Figo) would cost you about Rs 5.4 lakh (on road price in Goa)
A new Alto K10 would cost you about Rs 3.4 lakh (on road price in Goa)
Difference = Rs 2 lakh
Fuel efficiency (diesel) = approx 20 kmpl
Fuel efficiency (K10) = approx 18 kmpl
Price per km of petrol = Rs 3.33
Price per km of diesel = Rs 2
Difference = Rs 1.33
Extra cost to travel in the K10 car = Rs 13,000 (per 10,000 kms) or Rs 39,000 (per 30,000 kms) per year.
Assuming you buy the K10 and put that extra Rs 2 lakh in a FD, you would get about Rs 20,000 per year as interest.
So, extra cost of running the K10 works out to Rs 39,000 - Rs 20,000 = Rs 19,000.
Also, your annual insurance premium on the Alto K10 would easily be about Rs 2,000 less than that of the diesel car.
So, Rs 19,000 - Rs 2,000 = Rs 17,000
Also, your annual maintenance costs on the Alto K10 would be about Rs 1000 less than that of a diesel car.
So, Rs 17,000 - Rs 1,000 = Rs 16,000
Hence, you would be paying Rs 16,000 extra per year if you run the K10 as opposed that of a new diesel car.
Now, if you were to buy a diesel car, you would have paid Rs 2 lakh extra upfront. If you were to travel those 30,000 kms per year in the diesel car, you would save only Rs 16,000 per year and it would roughly take you about 12 years to break even (to reach to that upfront extra amount of Rs 2 lakh), in comparison to the K10.
Best part is, after those 12 years, you still have the Rs 2 lakh with you and you can easily use it + whatever you get from your K10 to buy a new car.
Think about it.