Dear skywalker,
A simple illustration.
1)Car park charges- $65 for open car park, $90 for carpark with
roof (HDB), for private apartments, should be covered in
conservancy charges. Private houses, 0. you paid for the
land.
2)Insurance - varies with age, NCD, classification of cars,
sometimes they may check on driving history. i would say on the
safe side, as a first time buyer of a small car, set aside about 2k
per annum for that. Honda is more expensive and not talking about
higher performance cars that cooper, suzuki ignis sports, yrv
turbo, yaris turbo etc..
3) Road tax - Depends on the displacement of your car. you could
refer to one motoring. varies.
4)Petrol - based on your mileage daily. I have assumed $450
monthly, on the safe side. (roughly, 3000km per month, based on fc
of 10km/l) excluding rebates from cc, discount from petrol
station.
5)Servicing - perhaps for the first 3 yrs, you would have to pay
less. Safely set aside about 500-800 a year for servicing and
maintenance should be sufficient.
6)Wear and tear - changing of tyres every 40000-60000km. That will
cost 100 -200 for a 15inch tyre each.
I have not considered ERP charges, parking coupons, maybe about 20
- 50 dollars a month.
I have also not included minor accidents, due to negligence or
carelessness of others.. leaving dents/scratches on your car.
Varies.
Beautifying of cars, some may splurge to make it look more sporty,
comfortable. Thats really up to you.
Summons, car accidents/repairs (own negligence, claiming on
insurance, premium may go up- payyourself)can be other factors. I
would not go into details.
Signing off.