Loading...

Back to Blog
  • Lifestyle

To Pay For Uber Or To Save For Your Own Vehicle?

  • Dewan Rodela Ashrafi
  • Dewan Rodela Ashrafi
  • 07 Nov 2019

Hearing the word ‘Uber’, what pops up in our mind, is a private car or motorbike comes to pick you up and drop you wherever you need to go, whenever you need a ride. It is just a phone call away! If you are thinking it is a private property and it belongs to someone, why should we pay for it? Instead we can buy our own vehicle! If you are looking for the answer, you are in a perfect place to get the answers you need.

Imagine yourself in the middle of a busy road in Dhaka on a busy Monday at 9 o’clock in the morning, waiting for public transport, you get in it and off you go for your respective work places! In reality, you wait for the transport but when it comes to pick up passengers, it is really hard to occupy even one sit for yourself. As Dhaka is the capital of Bangladesh, it is a densely populated area. Getting a roof above your head is a tough job as well as finding transport in the roads of Dhaka city (whether it is a holiday or it is a rush hour). There are lots of transport in our roads but not enough for our needs. There are public bus services, taxi, C.N.G, rickshaw, auto-rickshaw, motorbikes etc. When it is peak hour, you cannot find transport because there is rush in the roads and more people are occupying the transports. And even when it is holiday you cannot find transport either because of less availability of transports. So, there is this life savior service named ‘Uber’ on the streets and on your mobile phone which help you find transport whenever you need them! But sometimes it ends up being expensive. Then the thought of buying your own transport hits you.

 

Uber:

‘Uber’ is an international transportation company which provides services through ride-sharing system. Uber uses private cars, private motorbikes owned by someone. This includes an app or it can be accessed through website. We can call for ride anytime via mobile application and then the transport comes to pick us and drops us in our desired places. Now comes the fact about fare. As it is a multinational though private company, we do not expect its fare to be less like the public transports that are available in the streets of Dhaka. So, the fare is much from the other transports.

Suppose, you live in Dhanmondi and your office is in Niketon, you cannot take the buses as you are not comfortable to travel through buses, so you hire a ‘Uber’ every time you go and come back from office. It takes a lot of money of yours every day. Say, one-way fare starts from 320 to 410 taka. So, you have to pay 320 + 320 = 640 taka every day, which is 3200 taka a week and approximately 12,800 taka per month! Now let us add additional fees, if you cancel the ride you have to pay 30 takas and you do not only go to office in every month, you have other places to go like party invitations, shopping complexes, to visit your relatives and friends. So, you spend a lot of money for Uber in a month which is around 16,000 to 18,000 taka. And you must not be the only person to use Uber for a ride, your family members use it too. So, the cost increases to 15,500 * 4 = 62,000 taka, if you have 4 members in your family. Now, if you add transport costs for all members, it takes 70,000 to 80,000 taka just in a month. It is too much to pay for an ‘Uber’.

 

Own vehicle:

Transport cost in Dhaka is too much expensive but if you compare it with Uber, the costs may change and will help you to understand which is more affordable.

Analysis says that the cost of owning vehicle in Dhaka is 2,700,000.00 to 3,500,000.00 taka, if you own a Volkswagen Golf 1.4 90 KW Trend line or equivalent new car and 2,547,563.37 to 3,500,000.00 taka if you own Toyota Corolla 1.6l 97kW Comfort or equivalent new car, which includes buying gas or petrol, buying parts for car if necessary, maintaining car, pay for driver if you have any.

If you let Uber use your car for ride-sharing, Uber will pay you an average monthly income estimated at around BDT 30,000 a month, which is half of what an Uber car owner can earn. Comfort with reasonable costing: A ride-share car user spends some BDT 300/trip.

 

So, if you think which can save your money, you may think Uber is less expensive but owning a private car will help you save more. Because, you can maintain your car by yourself. Thus, you can save money. You can drive your car by yourself and save the amount. You can buy gas instead of petrol to save up to 60%. You can reduce your vehicle expenses like this. Owning a private car has always been comfort and pleasure.

Same goes for motorbikes. Motorbikes are way less expensive than cars and easy to move and helps you save more expenses.

 

So, you should be saving for own vehicle rather than paying for an Uber.

 

You are strongly recommended to peruse our Disclaimer and Privacy Policy and adhere to the Terms of Use of this website.