Considering the fact that you can manage with out a car... Sell it & invest the money... Cab charges easily get covered by income from investment.
Sell my car OR keep it? Confused.
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But the flip side is, I don't need that money. I don't know why I want to sell it. May be i am too much influenced by those hire or buy calculations.
Please put your valuable suggestions.
Edit - my car registered outside NCR to be precise. And still a validity of 8Y 4M remains on paper. But it's applicable only for out of NCR travel.
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May be some emotional attachment to the car keeps confusing me. Despite all those convincing excel sheets.
How about attaching your car to Ola / Uber?
It's a personal vehicle. Not commercial.
I think we cannot attach personal vehicles to ola/Uber.
hmm my suggestion will be
1) What is your use case for a car normally? i am guessing just occasional outing when it happens ? (in my case i use it as emergency ambulance for my home to hospital visit) so keeping car is not dead weight if you have some use case like occasional outing or emergency usages
2) As you dont need money why sell??? practically its illogical ? because if you dont need money, just keep that till its dead to scrap yard. (end of line)
so based on above 2 points i would suggest JUST FORGET THAT CAR IS THERE in YOUR HOME and live a peaceful life lol, keep it till it goes to scrap yard
1)Occasional outing 2 or 3 times in a month only. Infact its parked in our village house garage where my parents live. Ironically they don't know how to drive. I don't enjoy driving either. We hire a driver normally. At my job place, employer provides transport facility (car).
2) may be your suggestion is right.
Thanks for the inputs.
Knowing our relatives, they may sell it and never return the car/money
Don't be emotionally attached to these assets. It will turn to junk after few year. And dzire toh koi anokhi chiz he nehi.
Thank you all for giving valuable time/suggestions/inputs to the discussion. . I will update the discussion as the things go on.
Better sell it.
People don't usually factor in the cost of maintaining a car which is a sunk cost for something that's just going to sit in your garage.
Sell it and invest the amount. Hire cabs wherever you want to go.
Yes. The maintenance cost itself is approx 10-15k per year (service + insurance). I might sell it if family is comfortable with the deal.
@Dealfinalizer -- Sell it!
Car's now a days is more of a passion than utility unless you stay in a area where Ola/Uber is unavailable.
i think u should keep it if u have extra space
and even for less than 5 km per year use i think dont depend on ola etc also u are attached emotionally so drop this idea
Hi,
I have an unpopular opinion here. DONT SELL YOUR CAR.
See, I know you can now manage with OLA / UBER. But consider once in while situation when you dont have this option available. Example, late night requirement, medical emergency etc.
Also, I understand you don't have money requirement as such, So keeping that 3L invested in car doesn't harm you.
Consider this situation, you sell your car now for 3L and later may be in next 1 or 2 year if you need car, you need to invest at least 12-14L taking loan etc.
Its not emotional suggestion, but a very much calculated.
I may not able to explain everything here. but you are wise enough to make all this calculation.
Not being stereotype, but have you seen any Marwadi or Lala selling their old vehicles. They keep that until it gets unusable.
sell it. you are spending more on car like insurance, car cleaning, maintenance like oil replacement. if you calculate this, it will take care of your rental car when you need it. invest the money you get from selling the car in MF.
3.9L for 7yrs car with 3yrs validity is too good offer to be true. If i were you i would have sold by now.
1. Invest it and see it doubled in 4yrs.
2. No maintenance and no traff**ck pressure.
You will be king hunting ola/uber deals on DD. 😉
The buyer is from out of NCR area (more than 100km). He gets a validity of 8Y 4M. I also have same validity but I am closer to NCR area (out of it though). Will meet the buyer in few days. I handed the confusion part to my father . It will also make him feel good and make me feel relieved at same time.
Sold the car. It was a tough decision but keeping in mind the very low usage and the bad intentions of Govt for Diesel cars I decided to sell. Again Thank you all for your inputs.
I would suggest getting a second hand petrol vehicle for the same price you sold your vehicle. You are safe from Govt policies.
Considering the fact that you can manage with out a car... Sell it & invest the money... Cab charges easily get covered by income from investment.
Don't be emotionally attached to these assets. It will turn to junk after few year. And dzire toh koi anokhi chiz he nehi.