Monthly cost of owning a car.

**chard23** · August 22nd, 2012 11:03 AM

Originally Posted by dr. d

i had my diesel innova since 2005, brand new. i computed my costs, excluding gas, and it cost me about 3K a month.
this included expenses for oil change every 5K, 4 new tires, 3 batteries, annual registration fees and comprehensive insurance, and a new alternator.
if i remove the compre insurance, my monthly will be down to 1.3K..
my mileage is about 800-1000 km a week. my innova gives me 10-11 km/li. at today's prices, that's about 3.5K a month for fuel.

Thanks DR.d
Yung comprehensive insurance ba eh dapat kuhain? :D

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**niky** · August 22nd, 2012 04:40 PM

Your cost per kilometer will depend on how old or new your car is. For a new car, excluding gas, it can be from 3 to 7 pesos per kilometer. For an older car, maybe 2 pesos or so.

Then add gas... then insurance and registration, which are fixed irregardless of mileage. Buy a used Vios and it will definitely be cheaper than taking the taxi... but by how much depends on how far you commute every day.

**Deobulakenyo** · August 22nd, 2012 05:10 PM

Originally Posted by niky

Your cost per kilometer will depend on how old or new your car is. For a new car, excluding gas, it can be from 3 to 7 pesos per kilometer. For an older car, maybe 2 pesos or so.

Sir niky, i didn't get this? What do you mean by this?

**_Qwerty_** · August 22nd, 2012 06:13 PM

if you do 10,000kms per year so that's 10T x 3 = 30T or 10T x 7 = 70T per year.. so it's between 30T to 70T per year for the cost of owning a car, which includes maintenance, insurance, etc.

Originally Posted by Deobulakenyo

Sir niky, i didn't get this? What do you mean by this?

**Ry_Tower** · August 22nd, 2012 06:41 PM

Cost owning a car per kilometer is between P5-7 depending upon age from where I previously work. This includes the depreciation computation. Sayang I wasn't able to get the file.

**sirkosero** · August 22nd, 2012 07:54 PM

i think what niky meant by cost per km is the purchase price divided by the km used.

for my case, i bought my car at 575k and has been using this for 50k kms for 4 years. that gives me 11.5 pesos for every km i traveled.

if i continue to use my car for an additional 50k kms, my cost of per km becomes p5.5

cost per km + maintenance cost (spares,tires etc) + operating cost (gas) = total ownership cost.

**_Qwerty_** · August 22nd, 2012 08:04 PM

pano pag brand new? wala pa km used yun.. niky said the cost per km increases depending on how new the car is..

Originally Posted by sirkosero

i think what niky meant by cost per km is the purchase price divided by the km used.

for my case, i bought my car at 575k and has been using this for 50k kms for 4 years. that gives me 11.5 pesos for every km i traveled.

if i continue to use my car for an additional 50k kms, my cost of per km becomes p5.5

cost per km + maintenance cost (spares,tires etc) + operating cost (gas) = total ownership cost.

**sirkosero** · August 22nd, 2012 08:48 PM

pag brand new at wala pa mileage, then we get the actual cost of the car as the cost per km.

we can equate the "newness" of the car based on its mileage. i did not factor the depreciation in the computation to keep things simple.

**dr. d** · August 22nd, 2012 08:56 PM

Originally Posted by chard23

Thanks DR.d
Yung comprehensive insurance ba eh dapat kuhain? :D

Sent from my Galaxy Nexus using Tapatalk

yikes! i made a mistake! my mileage is 800-1000 km a MONTH.
i bought my car, cash. it's entirely my choice whether i get a compre or i settle for the required TPL. for those who buy on installment, i think they are "strongly urged" to get compre... i don't really know..

**_Qwerty_** · August 22nd, 2012 09:03 PM

pag naka loan.. required ang comprehensive insurance.. kahit cash purchase.. it's still advisable to get comprehensive at least for the next 3 to 5 yrs.. it's better to have it and not use it.. than to need it but dont have it..

Originally Posted by dr. d

yikes! i made a mistake! my mileage is 800-1000 km a MONTH.
i bought my car, cash. it's entirely my choice whether i get a compre or i settle for the required TPL. for those who buy on installment, i think they are "strongly urged" to get compre... i don't really know..