Quote:
Originally Posted by smartcat Just nitpicking of course - but diesel guy saves a tidy sum every month. I see that you are considering the "loss of 8% bank interest" on the premium (Rs. 1 or 1.5 Lac) one pays for a diesel over a petrol. But the diesel car owner saves Rs. 2000 to Rs. 5000 per month on fuel costs. These savings should go into a 8% per annum bank fixed deposit too
The extra amount you get for a diesel over an equivalent petrol (Eg: ZDi Vs ZXi) depends on the year you sell I guess. If you sell within three years, you will recover more of the premium. The premium amount you recover back when selling shrinks over longer a period of time. |
Guys, that's why I said its a pretty simple and basic calculator. And about the guys putting in fun factor of diesel that is very subjective and cannot be quantified in terms of money. This calculations are only for those who are considering a diesel with a mindset that they will recover the extra cost in a few years due to better mileage and cheaper diesel fuel as against petrol.
About the consideration of loss of interest on diesel, that is something I added last moment. But I think even if you ignore that variable and only consider the gross break even point, even that would come down to a very long break even point.
Lastly, about depositing monthly savings on diesel in bank, no one actually does that. Moreover, I think anyone can ignore the interest variable as everyone finances their purchase so actually no one really shells out the entire price of the car upfront and faces loss of interest. Quote:
Originally Posted by FireFoot ...
It would be interesting to see the analysis as I intend to pick up a pre-owned vehicle (diesel) which, i guess it goes without saying, is almost at half the cost of the original price. After spending a lot of time on TBHP site and evaluating advise from stalwarts with respect to my needs, it is probably going to be a VW Jetta TDi MT Comfortline (2012 or 2013). |
hi, thanks.
But I think if you're considering a pre owned vehicle, then in both the fuel variants petrol or diesel prices of pre owned vehicles should only be used. Otherwise the calculation would flawed. Quote:
Originally Posted by jetsetgo08 Unsurprisingly, all the calculation would be in favour of petrol cars. But what about the fun the turbo diesels offer? Most petrol siblings of the same car are either boring to drive or expensive.
Despite being fun to drive, the diesels are frugal. The petrol sibling when driven with heavy foot would return a miserly figure.
IMHO,turbo diesels will rule the roost till turbo petrol engines catch up.
Once the market accepts the turbo petrol engines, the manufacturers would then mint money by pricing them at a hefty premium over their naturally aspirated siblings. |
That is not true.. even if you had looked about a year back from now, for people who drive atleast a 100 Kms everyday, the calculations would most definitely have been in favour of diesel. I drive a 120 Kms daily, and we've been driving diesels now for almost 10 years now because due to lower fuel prices and better fuel efficiency on the diesel, we used to cover up the extra cost in less than 3 years and the rest would be our savings. But now with the price gap of petrol and diesel narrowing day by day, even our above 100 Kms of driving doesnt justify the extra cost of diesel as the initial payback period that was less than 3 years, has now gone up to almost 5 to 6 years, by which time we already want to sell the car and get a new one. In my city, petrol is currently 63.9, and diesel is 60.3. and these are Shell Prices. with a difference of just Rs. 4/- against the earlier differences of more than Rs. 15/-, at a certain time period even Rs. 20/-, for people driving about 3000 or more Kms. diesels always made sense in terms of ultimate money saving as the break even point came pretty fast and with car just about 3 to 4 years old, the resale would also be quiet decent. Today, with that pay back period going into the range of 5 to 6 years with the same driving, neither would many people be interested for such long break even (except maybe travel agents) because apart from the long break even period, the resale value of a 6 to 7 year old vehicle also takes a big hit as opposed to earlier wherein the cost could be covered in about 2.5 years. Mod Note: Please use multi-quote facility instead of replying to each post individually. Also please avoid quoting large posts .
Last edited by SDP : 23rd July 2016 at 07:51.
Reason: Back to back posts
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