First things first, I am really sorry for a pretty long exile. Was occupied with work , more work and still more work. Was moving places like a lunatic to collect requirements from client side.
Since I am back and so is my search and research
One good thing that happened during me moving places, I learnt driving and in the meantime i test drove Figo(Petrol) , Figo (Diesel) , i10 & i20.
My requirements are changed now(only after a lot of deliberations) though the budget is still the same.
Fuel Confirmed : Petrol ( though Petrol prices are going Haywire)
Options : i10 Sportz (Brain at work) & i20 Magna (Heart drooling over)
To make your comments/suggestions a bit easy the parameters and data's are :
Parameters i10 1.2 Sportz i20 1.2 Magna
Front Seat Head Adjustable No Yes
Rear Seat Head Adjustable Yes No
Rear Wiper + Washer Yes No
Rear Fog Lamp No Yes
OVRM Electric Manual
OVRM Indicators Yes No
Tyres 155/80 R13 175/70 R14
Fuel Tank 35 lt 45 lt
Boot Space (lt) 225 294
Overall Length(mm) 3585 3940
Overall Width (mm) 1595 1710
Overall Height (mm) 1550 1505
ARAI Certified FE (km/lt) 20.36 18.15
City Mileage(km/lt) 14 11
Highway Mileage(km/lt) 18 15
Now time for some Financial Calculations:
i10 1.2 Sportz i20 1.2 Magna Difference
OTR Cost 510000 600000 90000
Fuel Cost 291428.57 370909.09 79480.52
Down Payment 250000 250000 0
Loan Amount 260000 350000 90000
Loan Tenure 3 years 3 years
EMI 8389 11294 2905
Total Loan Cost 302004 406584 104580
Total Extra Burden due to i20 184060.5195 Assumptions:
- Fuel Cost calculated at 68 Rs/lt and distance covered as 60000km. I know the fuel cost and distance in the real scenario might differ but it is just to calculate the approximate financial burden My Heart (i20) will put on My Mind(i10).
- Mileage of i20 is 11 km/lt and i10 is 14 km/lt.
- I don't have exact data to gauge the re-sale value of these machines. So haven't included the same in my calculations.
I am attaching the calculation sheet image as well if the above information layout is difficult to understand.
So guys here I am...request you to pour your comments and invaluable insights to zero upon my everlasting search.