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Car vs Bike: 7 Things to Consider Before Purchasing

October 22, 2022 • 5235 views

If the question is about car vs bike, there is no straight answer. Usually, factors like income, convenience, availability, personal usage, and personal preference have to be considered. But before you make up your mind, you must also consider if owning a car or a bike is better in India. This blog helps you make a practical decision between a car and a bike before you make the big investment. Read on!

Car or Bike: 7 Things to Consider Before Purchasing

1. Comfort and Safety

Many people move from a bike to a car because of the comfort that a car offers, especially if one travels long distances. With a car, you get good, comfortable seats and a lot of safety features. It is an all-weather travel option through which you can travel in any weather condition, be it heavy rains or during hot summer days. 

2. Maintenance Cost 

The maintenance cost of a bike is comparatively cheaper. Another aspect that adds to the cost of the car is the cost of the parts – spare parts of the car are more expensive than that of a bike. Servicing is another major cost that you, as a car owner or bike owner, can’t avoid. You must pay for the servicing cost to maintain your vehicle in the long run. In the case of a car, the maintenance cost is higher when compared to a bike, and that’s one of the major reasons why most people opt for bikes, especially in small towns.

3. Fuel Efficiency

Mileage is one of the major concerns, especially in India. No doubt, a bike offers you more mileage than a car. A bike’s mileage starts at around 50 km for a litre, whereas for a car, it ranges from around 10-20 km for a litre. The mileage might differ from car to car and bike to bike. If your concern is mileage, then you should go for a bike, and if you are looking for safety and comfort, then a car is an obvious choice.

 Also Read: The Best Time to Buy An Used Car

4. Insurance 

There is a vast difference between the expenses incurred for insuring a car and a bike. If you own a car the rate of insurance is more than a bike.

5. Eco-Friendliness and Sustainability

Bikes are more eco-friendly when compared to cars. Due to the more fuel efficiency in bikes, they burn less gas than a car. Hence, it is more eco-friendly than a car.

6. Loan 

When you compare bike loans vs car loans, there is a huge difference between them. You get a bike loan more easily as compared to a car loan due to the difference in price of both vehicles. For example, the price of a bike could be less than Rs. 1 Lakh, whereas a car may easily cost you above Rs. 5 Lakh. The same is reflected in the loan amount. You must take a higher loan amount for buying a car as compared to a bike. The majority of borrowers hesitate to take a huge loan if the amount is out of their budget. 

Thankfully, you have the option to get a Pre-owned Car Loan from Poonawalla Fincorp at flexible EMIs, attractive interest rates, minimal documentation, and fast approvals. Consider buying a used car if you want to buy a car.

7. EMIs 

If you choose to get a loan, you must calculate your EMIs to plan your monthly budget. Whether you get a loan to purchase a bike or a car, it is always good to understand if you can afford to buy any of them.    

For a comfortable commute, it is best to choose a car. You can stay protected from the pollution, sun, and rain. You can go for a used car and apply for a used car loan.

Also Read: Type of Car Loans in India: Which is Better?

Apply for Used Car Loan

How to Apply for a Pre-owned Car Loan

Purchasing a car at an affordable rate and with minimal documentation is now easier with a Pre-owned Car Loan. Follow these steps:

  • Step 1: Visit the Pre-owned Car Loan page and click on the ‘Apply Now’ button.
  • Step 2: Fill in the required details on the loan application form.
  • Step 3: Upload necessary documents.

On successful verification, the loan amount will be transferred to your bank account.

car vs bike infographic

Documents Required

  • KYC Documents: Aadhaar Card, PAN Card, passport.
  • Address Proof: Rental agreement, Electricity bill, passport, voter ID.
  • Income Documents: Latest salary slips of last 3 months, ITR of last 2 years, profit and loss statement and balance sheet in case of self-employed individual or firm.
  • Bank Statement: Salary account statement for the last 3 months (salaried individual), statement for last 6 months (self-employed individual and firms.
  • Car Documents: If you have already finalised the car, include RC and insurance.

To Conclude

Deciding between a car and a bike is not easy. But if you consider comfort, maintenance cost, mileage, insurance, loan, etc. you can reach a decision. Make an informed decision before making the big purchase. Also, you may consider getting a Pre-owned Car Loan from Poonawalla Fincorp to finance your car purchase with minimal documents and fast approvals.


We take utmost care to provide information based on internal data and reliable sources. However, this article and associated web pages provide generic information for reference purposes only. Readers must make an informed decision by reviewing the products offered and the terms and conditions. Pre-Owned Car Loan disbursal is at the sole discretion of Poonawalla Fincorp.
*Terms and Conditions apply

poonawalla fincorp team

Poonawalla Fincorp Team

We are a team of expert writers and editors passionate about providing our readers with authentic and valuable information on finance. Our aim is to simplify financial and finance-related concepts. We strive to help our readers become more aware and empowered to make informed financial decisions.

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