I've always loved driving (at least outside town, certainly not inside it). And stretched myself to pick the OHC in 2001 on a tiny salary.
9 years and 73k kms later, the car still serves me well. But purely from a financial pov, does it make sense to own a car, esp when you start with a new one ? The alternatives of using public transport/autos/taxis etc needs a little more planning-ahead, but thats not too bad a thing, and there's tons of options now.
Lets see - I paid 8.2L for the car in 2001. Today, I might get 1.8 at most. Thats an erosion of 6.4L - almost Rs.8.80 - per km! Of course fuel, on an average, at 11-12kmpl, has been at Rs.4.60. Insurance, maintenance, tyres, minor repairs etc would be another 2/- per km or so. That adds up to a cool Rs.15.40 per km!
Financially, taking a cab makes a lot more sense anyday! In fact, you can pretty much do it off the capital needed upfront alone! Of course, the "fun-to-drive" sinks dramatically, and a little bit of the convenience - or at least the notion of it - reduces. But throw in a few go-karting trips, and you're still way better off :)
Pretty good move! Total Mall on Sarjapura Road has started a bus service to drop people who shop there to their doorstep. The map attached shows the apartment complexes the service is available for. No more need to take your car, and no autowallah headaches. All they need to add is a pickup service at a fee thats redeemable at the Mall.