how much does it cost per month on average...?

• wuming78

  15 May 03, 17:25

  to maintain a new car? tt is, including all the taxes (road tax, radio tax), insurance, ave fuel cost, and o cos the monthly installation, etc..
  
  tt is, if the car cost around 75k and i put in a 10k downpayment?
  
  jus wanna roughly gauge how much i would need to set aside per month if i m going to get a car..
  
  thanx!
  
  p.s. thinking of getting the new Honda City, the new Toyota Vios, Mitsubishi Lancer (prob not the new model), or the Mazda 323... around 1.5 litre and definitely manual...
• elmoloveyou

  15 May 03, 17:40

  Probably ard 1K+
  $700+ for the instalment......this is for normal car like nissan sunny
• Flight Cadet Officer

  15 May 03, 18:41

  Originally posted by wuming78:

  to maintain a new car? tt is, including all the taxes (road tax, radio tax), insurance, ave fuel cost, and o cos the monthly installation, etc..
  
  tt is, if the car cost around 75k and i put in a 10k downpayment?
  
  jus wanna roughly gauge how much i would need to set aside per month if i m going to get a car..
  
  thanx!
  
  p.s. thinking of getting the new Honda City, the new Toyota Vios, Mitsubishi Lancer (prob not the new model), or the Mazda 323... around 1.5 litre and definitely manual...

  I'll have to pay the petrol kiosks a visit every 2 weeks to pump petrol. I'm merely driving everyday. imagine that.
• Ah Wei

  15 May 03, 23:27

  Hi Wuming,
  
  Base on yr 75k car and a downpayment of 10k, the rough cost is as follows.
  
  if you pay 10 yrs installment for the car, mnthly abt 700 (though not advisable to pay 10 yrs cost of interest).
  
  if you pay 7 yrs, its abt 900 a month.
  
  you are 25 this yr rite? if 25 yrs old insurance will be slightly more expensive. Let's just say 1800 per yr. and monthly abt $150.
  
  Road tax for a 1.5litre car is abt 800 (can't remember exact amount, though I'm driving a 1.5l car now as well). So monthly abt $65.
  
  Petrol simply put 200 a mnth, which is very basic.
  
  Carpark, 95 for MCP, and 65 for open air. Lets just say uours is the cheapest. $65.
  
  Car servicing. Base on normal S'pore driving standard. 1 yr service 2 times, each time abt 200, so 1 yr 400 (will cost more if change other parts like tyres etc). So 1 yr $400, 1 mnth abt $30.
  
  So total a month will cost you (Base on 10 yrs loan),
  700+150+65+65+200+30 = $1210.
  
  That's about it, so on average one mnth will cost you abt $1200 to own a 1.5l car. Hope my figures for you helps.