Based on, Resale Value of Car. Corporate Office : Mahindra Insurance Brokers Ltd ( A Mahindra Group Company ) Sadhana House, Ground Floor, 570 P. B. Marg, Behind Mahindra Towers, Worli, Mumbai 400018. Does Your Car Insurance Policy Cover Vandalism? 3. The other most crucial factor is the city where you live because some places (like NCR) have terrible smog problems and are covered with potholes, so a diesel might be less likely to get damaged than a petrol car. Consequently, a higher premium is also applied to your insurance plan. Wondering, if car financing affect car insurance? The maintenance cost for both petrol and diesel cars is almost same. Even though petrol-powered engines offer extended durability, used diesel cars possess a higher resale value. Purchase Price of Diesel Vs. But consider that after say 5 years, the difference in the resale price could not be more than Rs.50,000- in our example above of the Maruti Swift Desire Diesel Vs Petrol. For instance, a showroom price difference of around 1 to 1.5 lakhs could justify the higher cost of a diesel variant. I am really surprised that petrol accounts for 2 out of every 3 MG Hectors sold. Company car tax rate applied to diesel vehicles has also increased, from 3% to 4%. What to Add-On to Make Most Out of Your Car Insurance Plan? PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. 10. Toyota Innova Hycross: First undisguised images leaked! For instance, the showroom price between petrol and diesel variants can differ up to 1 to 1.5 lakhs for a car that costs less than Rs 10 lakhs. Auto maintenance should be a regular routine. I mean to ask do diesel car depreciates more quickly and loss of value against the same model of its Petrol version. The petrol vs. diesel decision is a particularly difficult one because there is no easy answer or perfect solution for everyone. Further, having comprehensive car insurance is regarded as a great protection against a number of car related issues and damages. . Some of the most economical cars can be found in in our fuel efficient cars guide. The petrol Hector is inadequate, by all accounts, and the resale market is flooded with them. 5) Resale Value: The vehicle's resale value gives you a good indication of how much the cars were worth when they were new. Performance The value of diesel cars diminishes from 10% in the first year to 40% in the fourth year. Due to the considerable torque produced by diesel engines, full-size SUVs are only available with them. Supports. You can visit PayBima to Buy Insurance Online. 5. Ask your Question Now !! Can Finance a CarAffect Your Car Insurance Premium in India? The monocoque petrol XUV700 is as potent as the diesel, yet 2 out of 3 XUVs are diesels. It still remains primarily a diesel car with just 3% of sales from the petrol. Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance and Investment section. Maruti Dzireis reasonably priced and comes with a roomy cabin, fuel-efficient engine and other catchy features. It is not your go-to car if it is less than you could expect. If you prefer changing the cars often based on the new trends, go for diesel vehicles to seek better profitable financial situations. If you can spend more without derailing your monthly budget go for diesel cars. Licenced by IRDAI License No. For instance, the showroom price between petrol and diesel variants can differ up to 1 to 1.5 lakhs for a car that costs less than Rs 10 lakhs. While zeroing in on the perfect pre-owned four-wheeler, customers are often riddled with questions. Most of us are confused while buying a car that should i buy petrol or diesel car ? Diesel percentages of Nexon, i20, Altroz, WR-V & Venue show how diesel small cars are more or less finished. Diesel becomes the preferred choice when petrol drivetrains value proposition is weak Hyundai-KIA, Toyota & Jeep Compass. You have to choose what suits you the best. The vehicles resale value gives you a good indication of how much the cars were worth when they were new. are petrol cars better than diesel car ? This is clearly a 10 times advantage and what this also means is . It depends on your driving. Car purchases are rising due to the better deals in the second hand car market. That is why convertible cars are the hot picks, Do you also want to enjoy those long drives with your family, avoid long public transport queues, or prefer individual mobility after the pandemic? The service cost of the petrol and diesel variants of the Tata Altroz for 4 years are detailed below: After 4 years, the total running cost in terms of servicing is Rs 28,289 for the petrol Tata Altroz and Rs 34,079 for its diesel counterpart. Based on, Pollution. When it comes to engines, the cost of cars with diesel engines are usually more as compared to cars with petrol engines. How Does Car Financing Affect Your Car Insurance in India? This is why car makers often go as far as recommending city-bound short-hop drivers to choose a petrol car instead of diesel. Buyers have been avoiding diesels and moving to petrol due to DPF scare, NGT scare and of course, the perception of diesel having higher maintenance costs. Loan Eligibility Calculator So, coming back to whether a car insurance policy is influenced by the fuel type of a car, following are the two factors which primarily impact the car insurance premium. Maruti Suzuki Dzire (Sedan) 2. The Compass' diesel skew may be also because of the availability of 4x4 in those variants. A used petrol car will cost you enough to fill up every day, but driving around town without having to stop at the fuel station can save money with a diesel car. Subscribe OLX Auto blogs today to get the latest updates about the used cars. CNG at Rs. What this means is that running an electric car turns out to be a lot cheaper than a diesel car. The availability of a proper automatic transmission (torque converter gearbox) has a significant impact on buying decisions for self-driven passenger vehicles; unfavourable for the Hyundai Venue, Honda City, Mahindra XUV 300, Tata Nexon, and MG Hector. What Year Will diesel cars be banned? However, is vandalism covered by car insurance ?. I see a lot of petrol Innovas at least in NCR. Cons of Diesel Cars Diesel-powered cars are more expensive than petrol ones. However, diesel cars are often more cost-effective than petrol cars because they require less frequent servicing and repairs. This statement concludes that a petrol engine can generate better initial pick-up. This is the reason why, diesel engine cars typically would fetch higher resale values than their significant counterparts normally, but there can be exceptions. On the flip side, the resale value of a used diesel car is higher. Know About Bharat Series Number Plates Its Benefits, and How to Get BH Number Plate? Between the first to the fourth year of ownership, depreciation of petrol models reaches from 20 per cent to 40 per cent. Check out BHPian comments for more insights and information. 6th July 2012, 17:14. It means substantial cost savings are involved after the cars initial purchase. Also, the depreciation of the diesel cars is lower in comparison to the petrol variant. Maintenance How Survey is Important Before Repairing Accidental Car? These aspects also determine your decision to purchase a car a petrol vs. a diesel car. As a result, it is worthwhile to do research before purchasing a vehicle to ensure that your, Car purchases are rising due to the better deals in the second hand car market. Here's what GTO had to say about the matter: These are the kind of stats that industry followers like us thrive on! For what is perceived as a "just adequate" performance of the 1.5 CRDI with 115BHP, it appears that people are comfortable with it over the petrol variant, which ideally should be the choice for that car. But, due to different reasons living heirs have to make some tough decisions, one of which is, An automobile is a valuable asset, but depreciation reduces its worth over time. The Noise, Vibration, and Harshness (NVH) levels are comparatively higher for diesel cars. . A petrol engines life is usually longer than a diesel car. In budget petrol cars, vehicle refinement outscores its diesel counterpart. The diesel variant is costlier than a used car of the same make powered by petrol. Performance Vandalism is an act of deliberate destruction or damage of property, including vehicles both private and public. 2023 Audi Q8 e-tron & Q8 e-tron sportback officially teased, Audi Q5 special edition launched at Rs 67.05 lakh, Next-gen Hyundai Verna to continue offering diesel engine option, Mercedes EQB & GLB to be launched in India on December 2, Jeep Grand Cherokee official bookings open in India. So we know that diesel is more often the most fuel efficient, but what in real terms is the most cost-effective, petrol or diesel? One may say heavier 7-seater, refined engine etc, but then the 7-seater Carens with the same engine doesn't have that skew, as does the Seltos and Creta. Mahindra Scorpio (SUV) 9. Used diesel cars produce harmful emissions like soot and release particulate matter not good for the environment. Here's what BHPian fhdowntheline had to say about the matter: Hyundai Alcazar's numbers look pretty interesting. This results in higher IDV or Insured Declared Value of diesel cars. Thus, a diesel car will typically need fewer refuelling stops on a long journey, with the efficiency of its engine being roughly 20% higher than that of a petrol car. When it comes to engines, the cost of cars with diesel engines are usually more as compared to cars with petrol engines. The diesel will deliver much higher mileage figures. However, if vehicle refinement is dear to you, petrol cars can be ideal. The difference is 1-3 percent and it depends on the vehicle cost and the State from where the car is purchased. Well, allow us to point out some striking features and points of differences between a used diesel and petrol vehicle. Share your candid feedback. However, diesel used cars depreciate slower somewhat justifying the extra expenses. A 10% spike in Indias used car market in 2020 has led to an upswing in demand for used car loans. However, there has been a decrease in the demand for diesel cars because of new emission norms. Therefore, the resale value is higher for the diesel variants than the petrol variants. Why, yes! Car Tyre Calculator Maintenance Compared to petrol used cars, the diesel engines are sturdier and often function smoothly in the long run. Moreover, if you already possess a petrol or diesel car but want to upgrade your ride, you can list your car on our portal and sell it in a few clicks. Owning a second-hand car is made easy with your reliable financial partner, Tata Capital. Additional Read: Top Used Cars of 2020, Which You Should Consider Buying in 2021. (function() { The Scorpio didn't get a petrol option till the launch of the Scorpio-N. Upload files or images for this discussion by clicking on the upload button below. As a result, diesel-powered vehicles can be a wallet-friendly alternative for people who regularly drive long distances. ); Copyright 2022 Mahindra Insurance Brokers. The difference between the power of petrol and diesel cars is that diesel engines have higher power and lower torque. Even with conservative estimates, the running cost of a conventional diesel car is around Rs 5 per kilometre. The resale value of a used diesel car is higher than that of a petrol car. Resale Value. })(); Whereas, petrol engines can deliver better power and lower torque. If mileage tops your list, a used diesel car may fit the bill. Car Insurance With increasing purchasing power, people don't fret over the single-digit FE of a petrol. Buying a car on loan is the easiest. But do you know if the fuel type of your car also influences your car insurance policy? Paying the extra now also means you'll get slightly more when you sell the car, because when we look at the resale value of petrol vs diesel cars, the perception has been created in the Australian market that diesels are worth more. The base model of the Seltos diesel carries a nominal price premium of Rs. The UK is falling out of love with diesel fast and official new car sales figures show the collapse in public trust continues, with registrations of oil-burners plummeting to just 4.8% market . At this point, you may have realised that Maruti is amongst the car brands with high resale value in India. Toyota Innova (MPV) 5. Not surprisingly, a Dzire can retain approximately 85% of its original value even after one year of ownership. 90,000 over the petrol variant. Financial: diesel engines are more efficient and use 1520% less fuel. are diesel engine not reliable ?. Misconceptions About Voluntary Deductible in Car Insurance Policy. This also helps to make diesel cars better suited for towing. It's a very good turbo-petrol that will appeal to urban dwellers. Car insurance is an important document without which you cannot think of driving. However, they have fewer parts that need frequent maintenance. An added caveat includes low resale value as 10-year old diesel vehicles are banned in markets like . With everything around us being driven by technology, why should insurance be any exception?