The argument goes on and on, but the cause–effect relationship is not clearly known. In my view, the knife cuts both ways — that is, both are true.
Take, for example, movies and advertisements. Many argue that movies inspire people to act in a particular way, and many times movie makers have claimed that it is the incidents that happen in real life that give them inspiration.
Similarly, I have always wondered about the concept of using one’s own bike or car in a country where ride-hailing apps are a dime a dozen, the rates are competitive, and they arrive in a jiffy. I have been a big fan of public transport and ride-hailing apps, and in fact, I call myself an MMTS (Multi-Modal Transport System) guy.
I find metro train travelling very convenient, and not having a personal vehicle forces me to walk and keeps me healthy. I have been using ride-hailing apps and find that most of them are convenient, reasonably priced, and can be used whenever we want. Unlike owning a car, they are not a dead investment when they are not being used.
Yes, human beings are status conscious. I am not very bothered about what others think of me. In a way, it is: “I live my life as I like it.” That is why the Uber ad featuring Ashwin and Dhoni (or is it a Dhoni look-alike?) resonated with me.
The ad features a suave and obviously a well-educated South Indian Ravichandran Ashwin, who is on an Uber motorcycle, asking a Dhoni look-alike who is admiring his new bike:
“What is the cost of this motorcycle?” A taken-aback Dhoni look-alike answers: ₹25 lakhs. Ashwin, with a smug expression, responds: “These Haya Vayas are all a waste. Why don’t you use Uber Bike? It is only ₹25 for 3 kilometres.”
I did some quick math. Should one buy a superbike/car or use ride hailing apps.
Uber
Bike vs Owning a Superbike / Car (Suzuki Hayabusa)
Background: Ramesh, a professional working in an Indian metro city, travels daily 40 kilometres for work and errands. He is considering whether to continue using Uber Bike or fulfil his aspiration of buying a Suzuki Hayabusa on EMI. The decision is analysed purely from a cost perspective.
Option A: Uber Bike Usage
Daily cost : Rs 400 (at Rs 10/km)
Working days per month :
25
Months per year :
12
Monthly cost : Rs 400 × 25 = Rs 10,000
Annual cost : Rs10,000 × 12 = Rs 1,20,000
Total annual Uber Bike expense : Rs1,20,000
Option B: Owning a Suzuki Hayabusa/car
On-road price : Rs 20,00,000
Down payment : Rs 2,00,000
Loan amount : Rs 18,00,000
Loan tenure :
5 years
Interest rate :
~8.5%
Monthly EMI : approx. Rs 39,000
Annual EMI cost : Rs 4,68,000
Running Costs
Petrol price : Rs 110 per litre
Mileage :
25 km/litre
Annual usage :
5,000 km
Fuel cost per km : Rs 4.40
Annual fuel cost : Rs 22,000
Maintenance & Ownership Costs
Insurance : Rs 25,000
Servicing & maintenance : Rs 20,000
Tyres & wear : Rs15,000
Miscellaneous : Rs 10,000
Total maintenance cost : Rs 70,000
Total Annual Cost – Hayabusa
EMI : Rs 4,68,000
Fuel : Rs 22,000
Maintenance : Rs 70,000
Total annual cost : Rs5,60,000
If one adds a driver for a car @ Rs 25,000 per month, that adds another Rs 3,00,000 per year.
Comparison Summary
Uber Bike annual cost : Rs 1,20,000
Hayabusa / Car annual cost (with driver) : Rs 8,60,000
Difference : Rs 7,40,000
per year
Mind-boggling, isn’t it? One can save roughly Rs 7.5 lakh per year, and this amount can be invested maybe in mutual funds, gold, or even real estate. It can be used as a down payment to buy a flat.
Even from a plain savings point of view, Rs 7,50,000 per year would amount to ₹75,00,000 in ten years — an amount with which one can decently purchase a flat in Hyderabad.


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