Owned by a car Includes more than only monthly payments. You will also need to look at other factors such as the price of gasoline, insurance premiums, road tax and more. The article investigates the cost of possessing a car in Malaysia.
What factors affect the total price of the car?
If you want to know how accessible a car is, you can use the following formula: the cheap car costs the same or less than your gross monthly income x 12 months.
For example, let us assume that the average initial salary of higher education is RM2500 (in most industries); Their annual gross income is 30,000 RM. According to the annual gross income guidelines, a car for fresh cities will be any vehicle below RM30,00 – everything is far beyond their funds. Except the price of the sticker and funding Costs, this would help if you look at other factors. Here are some estimates of the various spending Related to the purchase of a car based on the crunch numbers. Let's break it to you:
Financial fees
Buying a car It is not impossible with money, but most people choose to fund their car by borrowing. You can reduce the total amount due by making a more advance payment because you will have less money to pay and interest for payment. As well as that, your loan The amount will depend on how long you take out the loan. The longer it is Loan conditionsThe less the monthly payment, but you will also pay more interest.
The price of gasoline
It is advisable to evaluate the fuel consumption before buying it as this is the second highest price of car ownership. In particular, if you are driving a lot for your work, it would be useful to calculate the speed of the literature on the kilometer of the car you are planning to buy.
Depreciation
Vehicles are not the best investment – they lose up to 10% of their value as they expel the batch and more than 20% after one year. Nevertheless, they are still needed to get around and travel. Do a few things to maintain the value of your car's resale, even if the depreciation will reduce the deal. Consider, for example, buying a car in traditional colors such as white or black and maintaining the interior and exterior.
Road insurance and road tax
According to our study, Road Tax Costs in Malaysia Peninsula is very affordable. 1500 cubes or 1.5-liter cars cost only RM90 per year. In Eastern Malaysia, this is even more cheap at RM56. If you choose a good or better fuel car economy, it will be possible to save money. A 3000 cubic vehicle vehicle can cost up to RM2,130 road tax. Several factors influence your insurance costs, such as the type of insurance, the value of your car, your discount without claims (NCD), your risk profile and the type of vehicle.
Maintenance and repair of the vehicle
The cars inevitably need maintenance, but the amount and type of care vary depending on the number of times they were expelled, their distance and wear they received. It is impossible to determine a fixed price as the price depends on the age, model, model and mileage of the car. However, our rough estimate, based on personal experience and research, is that a vehicle driven between 50,000 km and 80,000 km will cost at least 1,500 RM. These other parts will need to be replaced, including batteries, tires, belts and brake pads.
Parking and taxi
Although we hate the payment of parking and fees, you will need to include them when you calculate the total cost of your car. If you spend RM10 on parking and RM6 on road taxes every day, you will spend around the RM352 per month only on tolls and parking. You will pay less for parking and fees in the suburbs, rural areas and the city.
Definitive
Note that the advertised price of the vehicle is only one factor for determining the total price of this vehicle. Your monthly fees can also be affected by car insuranceGasoline, parking and tolls and maintenance. Do a little survey to better understand the potential costs – both in advance and continuing – car connected. But most importantly, stick to your budget!