Yes. That’s no mistake. According to the analysis based on the CarToq Diesel Decider tool, if you can afford the top-end Volkswagen Vento Highline Auto, then you can get yourself a Toyota Corolla Altis D-4D for the same money.
In fact, if you drive 1,500 km a month, you’ll save a good Rs 2,000 every month by opting for the more expensive Corolla Altis D-4D!
That’s despite the fact that Corolla Altis costs a good Rs 2 lakh more than Vento Highline Auto.
How is that possible? The Diesel Decider shows how.
Vento Highline Auto costs Rs 9,21,000 and gives a (claimed) mileage of 11 kmpl. EMI on a 5-year loan for Vento (85% of total cost) works out to about Rs 17,355. The cost of running the car for a month (assuming 1500 km) works out to Rs 8,727. Hence, the total monthly spend will be Rs 26,082.
Now, let’s look at Corolla Altis. It costs Rs 11,31,000 and returns a (claimed) mileage of 21 kmpl. EMI on a 5-year loan for Corolla Altis (85% of total cost) works out to about Rs 21,312. The cost of running the car for a month (assuming 1500 km) works out to Rs 2,714. So, the total monthly spend will be Rs 24,035.
That’s a total savings of Rs 2,000-plus over the Vento every month, after you account for both EMI and monthly running cost for these two cars.
But what about the higher down payment on the Altis?
Valid question. Let’s go back to the Advanced Diesel Decider. Choose the option in Loan amount 15% upfront as cash payment. That’s about Rs 31,500 more than the Vento. In 16 months, you will recover the additional cash upfront to be paid!
What the Diesel Decider calculation shows is this: If you are looking to buy a petrol car and have high monthly usage, it might be worth checking out a few diesel options even if the car price is higher. The bigger, diesel car might turn out to be a cheaper option.
You might discover some more surprising results for yourself. Check out the CarToq Diesel Decider.