White elephant in garage? Economics of owning a car

Chandigarh | Thursday | 23rd November, 2017

Summary:

No time is required to search for a suitable parking place, getting a parking token and keeping it safe till you return. It was argued that owning a car makes economic sense only when you can log at least 15,000 km in a year. I think a majority, including myself, will fall in the latter category having parked a sedan in the garage. While purchasing a house, you have to first consider parking space for the car, whether covered, open or both. Hari Krishan ChaudharyHow many of us own a car out of genuine need and how many because our neighbour, colleague or friend has one?.