As a vehicle owner, you have to spend at least 99 RM 512 in five years. It explains that although it is relatively easy to get a car, it's a more commitment than you might think initially. With this, let's look at some elements that affect the price of car ownership in the country today.
#1 – Financing
With a few exceptions, most people usually get a rental loan to get the car of their choice in Malaysia. With this line of action, the procedure is to pay 10% of the price of the vehicle in advance and then receive the remaining 90% funded.
Remember that the maximum loan period for this type of loan is nine (9) years. And although getting a longer lending period can make the repayment less than the weight, it increases what you have to pay off.
#2 – Costs for gasoline
The fact is that Malaysia has the lowest price of gasoline in the region. But even with that, gasoline costs are ranked as the second highest price the vehicle owner makes. This makes the purchase of a car with a more efficient fuel consumption system even more critical.
#3 – a fee and parking lot
A seemingly insignificant expense, you will be surprised how high is the total amount of what you pay for parking and tolls can receive at the end of each month.
#4 – Costs for service and repair
Seeing the cost of maintaining your vehicle as an unnecessary cost is simple. But in the end, servicing your car is a great way to ensure that it works properly and serves you well.
#5 – Cost to cover car insurance
Another essential existence that can quickly contribute to the annual cost of owning a vehicle is Car insuranceS Depending on the model, age and specificity of the car owner, what you pay here can vary greatly.
Lower order
Although financial restrictions on owning a car can be huge, in general, it is still more than worth it. It is more recently if you need the vehicle to get on other activities. Most importantly, you consider this solution carefully and prepare for what is right.