In this modern and advanced world, most Chennai to Vellore cab prefer riding with cab services. They have a preference towards call taxi hiring since they are hassle free. Yes, renting or hiring a cab is becoming very normal these days. Wherever you travel inside the city or outstation rides, a cab makes the travel quite easy.
If you love travelling and think of spending weekends, often cab services become the best companion. Just by searching with up and down destinations, for example, you have done. Your booked cab will be at the doorstep. However, is it really beneficial to you? Which is a good option – hiring a cab or your own car? Let us check here.
Let Us Consider Here The Cost Involved In Owning A Car
Let us imagine that you have bought a car for 5 years with an EMI option. Accordingly, let's evaluate the associated costs that come in a certain period.
Say you are buying a hatchback model for Rs.8 Lakhs. Considering you have paid an upfront amount of 3 lakhs and pending plans in EMIs through a car loan. Let the EMI amount be 12,000 for 5 years tenure.
So, 12,000 * 60 months = 7, 20,000
Down payment =3 lakhs
So, here, the total cost of car = 10,20,000
