Which Car Should You Buy: Petrol or Diesel?
Cars are the ultimate mode of transport: fast, comfortable, and protects you from all kinds of weather. However, as cars are more expensive than other modes of transport, people go for thorough research before buying a car for themselves. While it is already a huge dilemma about which car to buy, there is also an additional concern about choosing the fuel variant. In India, most cars are available in both petrol and diesel variants. We don’t need to get into calculation and deep contemplation to make this choice, you can read ahead to make this choice easily:
The first criteria you will consider before choosing a car is the price. Most car buyers decide a budget before checking out the available options in the market. Before looking at options, you should know that diesel variants of all cars are priced around INR 1 lakh higher than their petrol variants. This can puzzle you, but other factors that the fuel variant brings into the picture can help clarify your choice.
Mileage of the Car
Before buying any automobile, an Indian always asks the question “What mileage does it provide?”. Two factors come into play at this point: the power and the fuel efficiency. While petrol cars give good initial power, diesel cars provide higher performance in higher gears. On the other hand, diesel cars provide a higher fuel efficiency in comparison with petrol cars. This means that if you have to drive short distances within the city, a petrol car would make much more sense. In case you prefer to use your car for travelling on the weekends to longer distances, a diesel car provides a higher output.
Similar to the base price of cars, a diesel car demands a higher maintenance cost than a traditional petrol variant. This means that each time you give your car for a service or maintenance, it will cost you around INR 1000-2000 more for a diesel car.
Many car owners prefer to drive a recent model of car, thereby changing cars every 3-5 years. If that is the case, resale value plays a bigger role in the purchase decision for such buyers. Contrary to petrol cars, diesel cars can get you a higher resale price.
After deciding the car and the variant you want to buy, you need to figure out how you want to pay for the car. If you do not have cash-on-hand to purchase the car, you can avail a Car Loan from a bank to make the purchase. Currently, all banks provide an online portal, through which you can apply for loan online and buy your dream car easily.
You can also visit YES BANK's website to know more about their Savings Account, NRI Savings Account and Fixed Deposit Accounts.