Monthly cost of owning a car.

**chard23** · August 24th, 2012 09:36 AM

Waa mga sir ang complicated pag sinama na ung depreciation :confused: balak ko gamitin ung vios until kaya ko na bumili ng bnew hehe

Sent from my Galaxy Nexus using Tapatalk

**niky** · August 24th, 2012 10:56 AM

Cheaper to wait and buy... but it's up to you.

Here's a VERY rough breakdown (because insurance will also change downwards with depreciation, suspension, tire and brake issues in the second and third year will add to the cost... and really... I don't know the EXACT registration cost for such small cars)... adjusted downwards based on the fact that insurance starts cheaper for an older car.

12,000 km per year

Php10,000.00 yearly maintenance (assumed)
Php2,500.00 Registration (est)
Php25,000.00 Insurance (for a three-to-five year old car)
Php37,500.00 Yearly added costs

10 km/l economy
1,200 liters
Php52.00 gas price
Php62,400.00 gas total
Php99,900.00 TOTAL PER YEAR without DEPRECIATION
Php8.33 TOTAL PER KM without DEPRECIATION

Php435,000.00 Purchase Price
15 Depreciation, %
Php65,250.00 FIRST YEAR Depreciation
Php165,150.00 TOTAL FIRST YEAR with DEPRECIATION
Php13.76 TOTAL PER KM with DEPRECIATION

Php369,750.00 2nd Year Value
Php55,462.50 2nd Year Depreciation
Php155,362.50 TOTAL 2ND YEAR with DEP
Php12.95 TOTAL 2ND YEAR PER KM with DEP

Php314,287.50 3rd Year Value
Php47,143.13 3rd Year Depreciation
Php147,043.13 TOTAL 3RD YEAR with DEP
Php12.25 TOTAL 3RD YEAR PER KM with DEP

-

If you're reselling the car when you buy a new one, you have to take depreciation into consideration. The above assumes that the Vios secondhand depreciates like a normal car... but it's a Toyota... people are willing to pay a little more secondhand... in reality, you might be able to sell it for 320k instead of 280k after three years. Then again... if you have to sell quickly in order to purchase a new Vios, then people will try to screw you on the sale.

-

Given Manila traffic, it's slightly cheaper than going all 12,000 kilometers by taxi...

12,000 km per year
20 Assumed Trip Length
Php40.00 Flag Down Rate (first 500m)
Php3.50 Per 300 meters
Php3.50 Per 2 minutes
600 Number of trips
Php247.50 Cost Per Trip
Php12.38 Cost Per KM
Php148,500.00 Cost Per Year (no traffic)

20 Average wait time per trip... say, each 20 km trip takes about 40 minutes... so 20 minutes waiting time
12,000 Total Wait time
Php21,000.00 Total wait time cost
Php14.13 Cost Per KM
Php282.50 Cost Per Trip... exactly as you stated
Php169,500.00 Cost Per Year (traffic)

When taking a taxi, you are paying for the amortization of the operator's car and the taxi driver's salary... but if you are taking the jeep and bus by day and only take the taxi by night... it's much, much cheaper to commute. Especially if you will buy a brand new Vios. When I don't have my family with me, I sometimes take the bus and MRT/LRT. The MRT/LRT are a hassle, but it's hella faster than driving, and while the bus is slower, I get to catch a few zzzz's on the bus. Something I can't do in a car or a taxi safely.

-

Whew.

Then again... when you buy a car... you're buying it for selfish reasons... so, if you have the money to spend... go ahead.

**niky** · August 24th, 2012 11:19 AM

After all that, I did a spreadsheet on the costs of running a taxi. My hair turned a white shade of gray.

The net income portion of the spreadsheet was all red ink. Kaya pala ang lakas nila humingi ng boundary sa driver.

**vefyjeph** · August 24th, 2012 11:47 AM

Hahaha. Spreadsheet. Ginawa ko din ito before my purchase. And I still updating it pag may pagbabago sa earnings and finances. Everytime I update it, it gives me sleepless nights. Hahaha.

On topic, magastos ang magka-Car. Mas madali nga lang pag magtravel ka na. Lagay lang mga gamit sa trunk, larga na... If commute, buhat buhat mo pa yung 8-15 kilos na bags.

Around 1,000 Kms travel ko every month. So around 5,000 pesos sa gas. Add toll pa na 2,000 pesos. Parking fees, etc... So around 8-10K per month. Wala pa maintenance and insurance. Pero I am keeping 4K per month for the maintenance and insurance. So in total, 14,000 pesos ang gastos ko per month sa car. Pero kung mababa naman maintenance, baka it could go down to 11K-12K.

By the way, on top pa dito yung monthly ammortization.

**kinyo** · August 24th, 2012 11:52 AM

gumawa rin ako spreadsheet ng gastusin sa oto ... sumakit lang ulo ko

**lowslowbenz** · August 24th, 2012 02:30 PM

Ewan ko if this was already added into the equation.

TS ... saan ka nakatira? If you're living in a condo, add mo na rin monthly parking fees.

We were renting a condo before, so we had to rent parking slots for 3 cars. Imagine the expenses ..

**Deobulakenyo** · August 24th, 2012 03:07 PM

Because of this thread, I will be saving until I can buy a car in cash and in full.

Tapos yung dapat pang-monthly amort will be spent for gas and maintenance, etc.

Salamat

**glenn manikis** · August 24th, 2012 03:09 PM

Originally Posted by niky

Cheaper to wait and buy... but it's up to you.

Here's a VERY rough breakdown (because insurance will also change downwards with depreciation, suspension, tire and brake issues in the second and third year will add to the cost... and really... I don't know the EXACT registration cost for such small cars)... adjusted downwards based on the fact that insurance starts cheaper for an older car.

12,000 km per year

Php10,000.00 yearly maintenance (assumed)
Php2,500.00 Registration (est)
Php25,000.00 Insurance (for a three-to-five year old car)
Php37,500.00 Yearly added costs

10 km/l economy
1,200 liters
Php52.00 gas price
Php62,400.00 gas total
Php99,900.00 TOTAL PER YEAR without DEPRECIATION
Php8.33 TOTAL PER KM without DEPRECIATION

Php435,000.00 Purchase Price
15 Depreciation, %
Php65,250.00 FIRST YEAR Depreciation
Php165,150.00 TOTAL FIRST YEAR with DEPRECIATION
Php13.76 TOTAL PER KM with DEPRECIATION

Php369,750.00 2nd Year Value
Php55,462.50 2nd Year Depreciation
Php155,362.50 TOTAL 2ND YEAR with DEP
Php12.95 TOTAL 2ND YEAR PER KM with DEP

Php314,287.50 3rd Year Value
Php47,143.13 3rd Year Depreciation
Php147,043.13 TOTAL 3RD YEAR with DEP
Php12.25 TOTAL 3RD YEAR PER KM with DEP

-

If you're reselling the car when you buy a new one, you have to take depreciation into consideration. The above assumes that the Vios secondhand depreciates like a normal car... but it's a Toyota... people are willing to pay a little more secondhand... in reality, you might be able to sell it for 320k instead of 280k after three years. Then again... if you have to sell quickly in order to purchase a new Vios, then people will try to screw you on the sale.

-

Given Manila traffic, it's slightly cheaper than going all 12,000 kilometers by taxi...

12,000 km per year
20 Assumed Trip Length
Php40.00 Flag Down Rate (first 500m)
Php3.50 Per 300 meters
Php3.50 Per 2 minutes
600 Number of trips
Php247.50 Cost Per Trip
Php12.38 Cost Per KM
Php148,500.00 Cost Per Year (no traffic)

20 Average wait time per trip... say, each 20 km trip takes about 40 minutes... so 20 minutes waiting time
12,000 Total Wait time
Php21,000.00 Total wait time cost
Php14.13 Cost Per KM
Php282.50 Cost Per Trip... exactly as you stated
Php169,500.00 Cost Per Year (traffic)

When taking a taxi, you are paying for the amortization of the operator's car and the taxi driver's salary... but if you are taking the jeep and bus by day and only take the taxi by night... it's much, much cheaper to commute. Especially if you will buy a brand new Vios. When I don't have my family with me, I sometimes take the bus and MRT/LRT. The MRT/LRT are a hassle, but it's hella faster than driving, and while the bus is slower, I get to catch a few zzzz's on the bus. Something I can't do in a car or a taxi safely.

-

Whew.

Then again... when you buy a car... you're buying it for selfish reasons... so, if you have the money to spend... go ahead.

NICE!!!! galing....
hindi pa kasama accesories natin sa car...
then kung ford lynx pa car mo... nasa 6km. per liter lang....

**niky** · August 24th, 2012 03:50 PM

Originally Posted by glenn manikis

NICE!!!! galing....
hindi pa kasama accesories natin sa car...
then kung ford lynx pa car mo... nasa 6km. per liter lang....

Hahaha... after mods... 5 km/l lang...

Surprisingly, though, nung stock pa yung RS ko, about the same kung ikumpara sa SiR o sa 1.6 AT na compact... mga 7-8 km/l in traffic.

**glenn manikis** · August 24th, 2012 04:25 PM

Originally Posted by niky

Hahaha... after mods... 5 km/l lang...

Surprisingly, though, nung stock pa yung RS ko, about the same kung ikumpara sa SiR o sa 1.6 AT na compact... mga 7-8 km/l in traffic.

yung sakin stock lang fofo 1.8a/t 15.4liters per 100kms.... gas palang ng anak ko per day 500 na.... hay naku yung sakin na gamit nga 450lang gas ko per day, mas mataas pa gas anak ko....