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If someone is in dilemma whether to buy diesel or petrol, here is comprehensive calculation based on cost of ownership i.e. running cost, interest on extra premium for diesel, price difference in petrol and diesel car and service cost.
I hope this will help many new comers as recently a major national daily published review which was biased in favour of petrol cars and not honest to me, based on that, many customers will end up buying petrol whereas they should have opted for diesel simply due higher running.
Calculation are based on 12000, 15000, 30000 kms
Cost of Purchase
Annual Maintenance Cost
One Service at interval of 10000 kms
Interest is computed based on 8 %/annum
During last 3 threes average rate was 8 % with fluctuations
in the range of 6-10 %
Per annum Extra Payment for Diesel
Total running cost
Diesel 50 Rs
Lets Extrapolate these for 5 years
Difference in Running Cost
Buying Decision: Pertol vs Diesel
Total Ownership cost
Savings for Diesel
NOTE: Diesel is priced at 41 Rs not 50 and all the calculations are based on 50 Rs/liter, this would further accentuate the savings over the petrol
Resale: Diesel car would fetch higher resale value that the petrol car because of high cost of car
DECISION: If some one's monthly runnig is less than 800 kms, then only go for petrol but anything above this, should opt for diesel
Guys safe driving and cheers
Sorry for posting in bits and pieces due to word limit.
Good Job (Y)
I was in great confussion over whether to buy a diesel or petrol version, now i came to a clear idea about this. I am having petrol Accent and looking for diesel version of same Accent for fuel economy but my running Kms for a month only around 500Kms. Thanks once again
With 500 kms, diesel doesn't make sense, petrol is sensible in your case