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Originally Posted by Rajiv0909 Ideally you should include a few more heads for a fairer comparison, like cost of your personal vehicle apportioned to these 2.5 days (assuming a depreciation rate), likewise insurance, tyre wear and service costs I assume you will end up with a number between 3.5 to 4k if you include above heads.
And while for you it may appear to be a rip off, in my mind it's extremely reasonable as their costs would include lot many heads like marketing, customer service and operational costs |
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Originally Posted by hserus Myles has a rather higher deposit and they are quick to forfeit largish amounts in case there is an accident. Zoomcar has a cap on the amount you'll have to pay out, that's much lower |
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Originally Posted by Vid6639 They aren't trying to say anywhere that they are cheaper than your own car.
Secondly, there's no point in comparing your personal vehicle. To get actual cost difference with your car you need to add wear/tear, maintenance, insurance costs. Then you will see that it works out better than even owning your car altogether.
Then you need to compare with renting a car with driver. That needs 250kms daily minimum. So if you take from 23 to 25, you still need to pay for 750kms. This is when Zoom turns out much cheaper. |
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Originally Posted by hothatchaway Any reason for considering Figo and not something bigger? Asking since you have a Beat which does not compare too unfavorably with the Figo. If you are comparing only fuel costs and paying almost double per km, makes sense to consider lets say the City which comes at Rs 11/km to the Rs 8/km for the Figo. You pay about 1.5 k extra but the incremental value in terms of space, comfort etc goes up exponentially. (Lets not start a debate of the relative merits/demerits of the suspension systems of the City vs Figo, this is just an indicative example ![Smile](https://www.team-bhp.com/forum/images/smilies/smile.png) ) |
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Originally Posted by Chetan_Rao You're comparing fuel costs for an owned vehicle with the all-inclusive cost of a rental. Apples and oranges. If you calculate the all-inclusive cost of you own car for this trip, you'll arrive at a different number much closer to the rental's.
Even then, the rental obviously costs a bit higher but they need to earn something above running costs too, right? ![Smile](https://www.team-bhp.com/forum/images/smilies/smile.png) You also get a lot of intangible benefits (different car of your choice, limited liability etc.). |
Thanks a lot folks for highlighting the running costs part, which I never considered, and just calculated the fuel costs. So, I did a quick calculation of the running costs of my Beat.
My car's OTR: Rs.5,15,000 (2011 March)
IDV (as per Insurance, renewed in 2015 March): Rs.2,15,000
Total depreciation: Rs.3,00,000
Age of Car: 4 Years
Annual Depreciation: Rs.3,00,000 / 4 (Years) = Rs.75,000
Monthly Depreciation: Rs.75,000 / 12 (Months) = Rs.6,250
Daily Depreciation: Rs.6,250 / 30 (Days) = Rs.208.33
So I come to the conclusion that my daily depreciation of the car is Rs.208.33.
This probably is the wear and tear of the engine and body and other components, but mainly excluding Tyres (because it depends on the type of usage - drifting, wheel spinning, sedate driving, etc).
Cost of tyres: Rs. 4,000 approx (average stock Apollo tyre, probably less even); Rs.16,000 total 4 tyres (already included in cost of car, but lets take it separately here).
Age of tyres: 4 Years
Annual Depreciation of tyres: Rs.16,000 / 4 (Years) = Rs.4,000
Monthly Depreciation of tyres: Rs.4,000 / 12 (Months) = Rs.333.33
Daily Depreciation of tyres: Rs.333.33 / 30 (Days) = Rs.11.11
So my total depreciation of the car, including the tyres costs me: Rs.208.33 + Rs.11.11 = Rs.219.44
A trip of 2.5 days means the car depreciates by Rs.219.44*2.5 (days) = Rs.548.6
Insurance Premium Paid: Rs.3948
Tenure: 12 Months
Monthly Premium Cost: Rs.3948 / 12 (Months) = Rs.329
Daily Preimum Cost: Rs.329 / 30 (Days) = Rs.10.9
For a trip of 3 days, insurance costs me Rs.10.9*3 (days) = Rs.32.7
Driver bhatta (if I hire a driver) = Rs. 300 per day
A trip of 2.5 days means I pay driver bhatta: Rs. 300*3 (days) = Rs.900
So additional expense of the depreciation / wear and tear of the car, driver charges and insurance premium comes to Rs.254.6 + Rs.900 + Rs.32.7 = Rs.1481.3, rounded off to Rs.1500.
As per my previous calculation, just fuel costs was Rs. 2606
And now, additional Rs.1500
Total comes to Rs. 4106. Still Zoom is expensive !
I agree to many of you highlighting marketing costs, technology costs, employees, parking cost, etc. Makes sense, that could sum up to around 974 bucks extra (5080-4106) to make it Rs.5080 in total.
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Originally Posted by Eddy Plus, Zoomcar is a fantastic opportunity to drive a car that you like but do not own or for a long test drive before buying. Hard to put a price to that. |
Bingo mate !! The only possible and logical reason why I may hire a Zoomcar. But it would be a premium car, not a Nano or a Figo, which every neighbour of mine has one for me to test drive or try out.
May be I'll hire a Zoomcar City or a Ciaz or an XUV, when I am planning to upgrade my Beat !
Or may be a GLA or an A Class or a 320D when I am taking my wife for an anniversary drive or something.
To all, apologies if I may be sounding like a nagging old man who is de-moralising people to not hire a Zoomcar, but being my first experience of hiring a Zoomcar, I though it would be wise to do an actual calculation.
Probably wouldn't have done so if I had a plan to hire a Scorpio or Safari or XUV, where we are a group of people travelling. For a small family of 4, Figo turns out expensive than my own car. That's it.