For buying a new policy call 094444 48899. For customer service call 1860 425 0000.
Search The Blog
Posted by Royal Sundaram on 19 Mar 2010
Irrespective of your financial capacity, the size of your car is probably the most important factor in your purchase decision. Unlike beer bottles and LCD screens though, bigger doesn’t necessarily translate to better.
The benefits of big
Instinctively, we value larger objects as more valuable and desirable; as children we wanted the bigger candy, as adults, we want the bigger car. The most prominent plus of a big car then, is quite frankly, the fact that it is a big car.
The psychological association aside, a big car does offer other advantages as well; mainly, room and storage space, better road visibility, better suspension and comfort, greater power and acoustics, safety and the in many cases the clincher – bragging rights that come with it.
Small but special
More small cars are sold in one year than big cars sold in a decade. Mathematically, this means that 90% of cars on the road are small and consequently, they are the mode of the masses. Volumes mean value and hence coupled with their lower raw material cost thanks to their smaller size, the price of owning a small car is much lower than a big one. The cost of spares and service is also cheap thanks to the volumes sold; additionally, the fuel requirements for a lighter vehicle are correspondingly lower and thus overall, driving and maintaining a cheap small car is a fraction of the cost of a larger vehicle.
Traffic – all those ‘other’ cars on the road. Big cars simply don’t fare well in cities. There’s no use having a 250 BHP SUV when it can barely navigate through traffic. The few extra minutes that you spend to navigate through a stretch of road are compounded by the quickly changing traffic lights and before you know, a small car is usually 10 minutes ahead of a big one over a 10 kilometer route in a city. Parking too can be a nightmare, resulting in several laps around your favourite mall or workplace in search of a spot.
Conclusion – Invest in oil bonds
So overall, if the initial investment, the cost of insurance, the everyday upkeep and fuel of owning a big car isn’t a bother for you, and, if you have a driver to negate the poor parking prospects, a big car is for you. Rest assured that you are safer, more comfortable and generally considered of higher socio-economic status than that little guy that just zipped pass.
In either case, it’s a good idea to invest in the scrips of petroleum companies and of course, a strong insurance policy for your vehicle.
Join over 25,000
of your peers and receive our italk (insurance talk) newsletter with actionable advice on travel, motor, health and home needs right in your inbox!
*We won't spam you, promise