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Changing trends: Why it make sense to sell your car and hire a cab from Uber or Ola

Dump your Car and hire a Cab
Dump your Car and hire a Cab
In an article written in Economic times, it may be new trends in big Indian cities to use hired cab for daily commute rather then buying own car. Even people are selling their car and joining the trend.

Lets see if you have a car, you may use it for just 4 hours a day on average, so your car do nothing for rest 20 hours, It is a serious waste of money. Your car depreciates day by day, on average 10% per year. Think about this option and utilize your money somewhere you get more return like yourself. Learn more, have more degree, get new skill, and have all the driving time at your disposal to do something new.
Changing trends: Why it make sense to sell your car and hire a cab from Uber or Ola
Changing trends: Why it make sense to sell your car and hire a cab from Uber or Ola

Want to join Uber as Customer : Sign up and get first free ride.
Induct your car to Uber : You can earn upto 90,000 per month depending upon your city.
Read Here: List of 10 most important article in your about to join Uber
Ola Sign Up : Sign up and get Rs 100 as Ola money and lot of offers

Parking Charges in an Apartment
The cost of owning a parking in an apartment in big cities is more than car price itself, for example Aparna builders in Hyderabad is charging 3 lakhs for a covered car parking, which comes to around 5% to 10 % of the total apartment cost depending upon your project builder.

Using Uber and Selling or not owning a car


  • No need to maintain a Car
  • No need to keep a driver for your family member
  • No maintenance, fuel, parking, security charge. 
  • You will get different car most of the time.
  • Optimization of car, road traffic and money.


  • You can't personalize your Uber. (Uber is coming with Spotify in some cities to play your own music.)
  • Sometimes it may be difficult to get a car when you desperately need, in some areas or peak hours.
  • Sometimes you may get bad drivers.
  • Sometime you may get irritated by network or car itself.

You can think of many more pros and cons and decide by yourself.

Win win for customer and driver

Some auto industry veterans reckon the attraction of car ownership won't dim much because a car is more than a utilitarian asset.
RC Bhargava, chairman of Maruti Suzuki, says "if people only used their car for commuting purposes, then there would be only small compact cars all around. But that is not the case, cars are considered as extension of one's taste, personality and beyond".

Other auto industry insiders say modern cab services may kill the need for the second or the third car, but not the first.

Sumit Sawhney, country CEO and MD of Renault India, says cab services "will have no major impact on the first car purchase in the family, as India is yet to see accelerated motorisation".

Gaurav Vangaal, senior analyst, forecasting, IHS Automotive, says India is too complex a country for one trend to prevail. "India is not a country, it is a continent in itself with different purchase behaviours.

The metropolitan disruption looks minimal when we compare it with the whole country," Vangaal argued. Developing this theme, Pareek of Tata Motors says growing demand for modern cab services can create new demands for auto companies.

One thing is sure, auto industry will keep a close watch on the car vs cab battle. And this story again show why: Two corporate hotshots finished a meeting at a 5-star hotel in Mumbai and got ready to leave. One summoned a cab using the service's app and the other called his driver. The cab arrived first.

Read a detailed post on ET here

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How to Re-authorize or unlink paytm with Uber India App

Having and active Uber and Paytm account is good, but if something goes wrong from either Uber or paytm side, you the customer suffers a lot. You can't book your ride back home, you can't book ride to airport, railway station. It becomes annoying to have such messy technical app. We cannot predict what may happen in future but we may be ready with some preparation.

Uber does all account sweep for security measures from time to time, if it finds any suspicion, it blocks account, put hold on booking a ride, asks for re-verification of ID or payment method. Recently Paytm was hacked and some hacker were able to make payment in paytm from some other account, hance Uber took security measure and put hold on some accounts.

The above image shows Merchants Authorized by you (Screenshot updated), where you can see Uber if you have already added paytm with uber.
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How can you regain access of your Uber account once it's disabled?

Update: Banned account is a pain, I have many friends who got locked out form Uber due to suspicious activity, some got their account enabled again after some conversation with Uber support and mostly are banned for life. Here is one scenario when you account may get banned. Read this story till end to get the idea.

Q. How can you regain access of your Uber account once it's disabled?

Recently uber had this scheme of "refer someone, that refferal gets 600 credits and you get 600 when he makes his/her first ride".

I made many people join , though all refferals were real and accounts were created with their permission and presence but all accounts were created from my phone .

I earned many credits. But soon my account was closed down.
Now whenever I try logging in from any acount in my phone  it gets banned within few minutes.

Is there any solution or any hack to avoid this and get my acount back ? I still have 5k credits left in my account and I desperately want it.