New Bee - car expenses

surpize SG

Hi all.

thkin of buying a car...

will appreciate if e old birds can advice on some of the fixed and hidden cost in car ownership...

Smile

fondue SG

Lets see :

Startup cost : Down payment

Fixed Cost : Installment, insurance, road tax, parking

Variable cost : petrol, ERP, parking again, maintenance

Hidden Cost : fines, mods, car grooming, minor repairs, and PENALTY should you end your loan early for what ever reason Wink

Lord Kang SG

not forgetting fines...

surpize SG

Thks fondue...

Any Mitsubishi Lancer or Colt driver out there... Was considering one of the two...

Anyone able to pump in some figure for me to work out my affordability?

Appreciate.

alberteinstein SG

lancer:cost $53000(roughly lah). Say 10yr 100% loan,

mthly installment: $630(roughly)
parking: $65 open carpk, $90 multistorey.
petrol:dep on how much you drive. Lancer is quite big drinker. Really hard to give figure. Range from
$200 -- always go JB pump petrol with DAMN HEAVY USAGE!!!
$150 -- very light usage.
$200--$350 --moderate usage
>$350 --heavy usage.

road tax is $450 everry 6 mths, so din add here.
Insurance is every year, so din add here.
Road tax and insurance use bonus to pay.

So effectively, your cost is abt $900 per mth.

wbucket SG

Lucky you, don't have ERP to worry about. Also the maintence and stuff too.

surpize SG

thks for e input...

ya, ERP, sian, mi workin in town, am go in will have to pay & night back too...

drumstick SG

Not forgetting

1k service=60+(CC)
10K = 150+-(CC) with synthetic
20K = 260 +-(CC) syn (Juz done 20K + brake pad+gear oil+clutch) = 500
Addtional 20k or 40k = dependable (average driver will clock 20k in 1 yr unless you are not going to use it often)

Cashcard usage: ERP = 0.50cents - 2.50
Cashcard parking = free - 2.50/hr

Repairs = depending on what and where

Insurance = depend on ur background (age or accident free or yrs of experience and whether got NCD or not )
Road tax+radio = 980+- / yr

Instalments = depends on what package you are getting.

Me personally use about 1k-1.5k = heavy usage+lots of cashcards(even though sometimes go JB fill petrol)

Fines = depending how many you want to get.lolz

Fuel = see how much you use. on average 98shell now is 1.68+-/ltr

One of the bad thing about lancer is if change stock body parts,quite ex compare to toyota or honda. Change bumper once...stock cost 370 (front bumper only no labour or paint job) wherelse honda or toyota cost around 150-200. Never go back to CC to do a repair...they will chop you upsidedown.

Season parking = 65(HDB old carpark) - 250(CBD or private buildings carpark)

huoye SG

why dun u ask the mitsu SE to work it out for u.......

pqr SG

that is ASSUMING that bonus is guarantee for the next 10 years

SBS9828X SG

share ur car loh… like wen going to work, get two or three friend to share. One day use ur car go in CBD.

wbucket SG

Never heard of getting SE to work all these expenses. Usually they just work out insurance, road tax, installment & interest, etc.

surpize SG

Smile

thks for e input...

for 24 yrs old, wat will b e app cost for insurance?

wbucket SG

My guess is S$1800-2000 without NCD. Wink