Buying a car is a very important decision and when one goes to showroom one of the questions which they ask whether you want to buy a petrol car or diesel car because while some people prefer petrol variant while others prefer diesel variant. Before making any decision about which variant of car to buy one should look at the advantages and disadvantages of diesel car
Advantages of Diesel Car
Price of Diesel
The biggest advantage of diesel car in India is that the price of petrol in India is always higher than price of diesel and hence if you are one of those who travels frequently than one can save lot of money as in India on every liter of petrol and diesel there is a price difference of 10 to 15 percent. Hence for example, if the price of petrol is 70 rupees than the price of diesel is 60 to 65 rupees. So if an individual travels a lot then this saving can be huge as far as an individual is concerned.
One of the advantages of the diesel car is that it is more fuel efficient when one compares it with petrol cars and hence those who love to drive longer than diesel variant car is far more economical than petrol variant cars.
Another advantage is that they have a powerful engine and also give good power delivery due to more torque and hence they score over petrol engines in this department.
Disadvantages of Diesel Car
The biggest disadvantage of the diesel car is that initial cost of it is substantially higher than petrol variant, so for example if the price of petrol variant is 800000 lakh than the price of same diesel model will be higher and close to 900000 lakh. Hence in simple words, the price of diesel variant will be 10 to 15 percent higher than petrol variant of the same model of the vehicle.
Diesel car requires more maintenance as compared to petrol car which leads to increase in the expense on maintenance of the vehicle. Hence if you are one of that individual who does not want to spend a frequent amount on the maintenance of the vehicle than diesel car is not an ideal option for you.
The additional cost which you have given at the time of purchase has its opportunity cost. It can be better understood with the help of an example, suppose you have given 100000 rupees extra for diesel car and rate of interest on bank fixed deposit is 7 percent than this additional 7000 rupees per year is the opportunity cost. If one has taken the loan for the car than this opportunity cost is even higher as the rate of interest on the loan is close to 10 percent which turns out to be 10000 rupees per year.
As one can see from the above that buying a diesel car has advantages as well as disadvantages and the decision to buy is dependent on personal choice and requirement of an individual.