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Price Range ( ) Lacs

Body Type

  • All

  • Hatchback

  • Sedan

  • Compact SUV

  • SUV

  • Cross-over

  • MPV

  • MUV

  • Luxury
Apply Filter

Total Ownership Cost of your Car

Many of us think that buying a car is one time investment, and you end up owning an asset. But did you know that in reality after nearly 5-6 years ownership and even selling your car in used market, you end up spending close to the initial purchase value of car.

Confused! Let's take an example, you buy a car for Rs. 10 Lacs and after 5 years, you sell it for, let's say 6 lacs. You think, not a bad deal, for 4 lacs I have ended up owning and driving a car for nearly 5 - 6 years. But the fact is you end up spending not 4 lacs, but close to 10 lacs only over the total ownership period. Difficult to believe?

Below are some of the cost heads you may not have looked at before -

  • Interest on Loan amount & Interest you forego on down payment - When you buy a new car, you end up making some down payment, which if not spend would have generated interest income for you and on the other side the loan you take from bank, ends up creating interest liability for you
  • Additional Financing Fees - Small but a factor to include. When you get your loan processed, most of the banks charge for processing fees
  • Insurance Cost - Annual amount you spend on insurance of your car
  • Maintenance Spend - Scheduled and Unscheduled maintenance of your car over the period of ownership
  • Depreciation - The value you lose as your car depreciates year over year.
  • Fuel Costs - After all you are going to drive this car
  • Miscellaneous Expenses - Road taxes, Parking costs, tolls, etc.

All these cost end up as high as the difference of your original purchase value and resale value. So next time while purchasing a car, you can look out for some of the features that help you reduce some of the above mentioned cost factors.

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