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Cost of Car Ownership in SGP Per Year - Wats Yours ?


Hitman
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Neutral Newbie

My accounts dept just came back with the figures for the company financial year for submission to IRAS. And because most of my car running expenditure I charge to company accounts ... this is wat came back. The amount is staggering to say the least .... and its been rising since 2000 for me personally.

 

Wats yours ?? Lets share ..... some costs are flexible like ERP Gantry charges

 

 

1999 Mazda 323 TarzanBoy

 

ERP Gantries : S$6 per day x 5 days x 4 weeks x 12 months = S$1440.00 per year

Car Road Tax : S$1400 per year

Car Insurance : S$800 per year

Instalments : S$8000 per year

HDB Car Park charges : S$65 per month x 12 months = S$780

Fuel (JB petrol converted to SGP$$) : RM$60 per week x 4 weeks x 12 months = RM$2880.00 = S$1200.00 @ 31,000 km per year average

Miscellaneous Carpark charges : S$300 per year

Workshop / Repair / Maintenance charges : S$2000 per year (estimate)

 

 

Thus as you can see ... added in total ... ownership costs falls easily within the S$15,920.00

 

Disclaimer : Insurance is at 50% NCD with staff discount. Petrol from JB is equivalent to 55% off ... if I pump in SGP , it would be S$2880.00 or more

 

Put in your costs and see how much your car cost you on an annual basis.

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Neutral Newbie

Yep ... I think its a good guideline since my accounts did it , I dun see any harm in sharing .... especially since i see quite a number of new forumers asking advice on car purchase.

 

For those considering buying cars .... all those hidden costs like gantry and parking charges, insurance and road tax ... all must come into play for a better financial assessment.

 

When u base on monthly repayments alone .... you are DEADMEAT

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2003 Protege Sports (Protege)

 

ERP Gantries : S$0.50 per day x 5 days x 4 weeks x 12 months = S$120.00 per year

 

Car Road Tax : S$950 per year

 

Car Insurance : S$1300 per year

 

Instalments : S$8900 per year

 

HDB Car Park charges : S$65 per month x 12 months = S$780

 

Fuel : S$250 per month x 12 months = S$3000.00 @ 20,000 km per year average

 

Miscellaneous Carpark charges : S$300 per year

 

Workshop / Repair / Maintenance charges : S$800 per year (estimate)

 

 

Mine is 16150.00!!! [sweatdrop]

 

Disclaimer : Insurance is at 30% NCD.

 

Fwah!! [dizzy]

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Neutral Newbie

Mmmm ... I guess the cost of ownership of the 323 is roundabouts the same

 

Thanks

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Neutral Newbie

The difference between your petrol with mine is SCARY manz bro ....

 

Hitman : Fuel (JB petrol converted to SGP$$) : RM$60 per week x 4 weeks x 12 months = RM$2880.00 = S$1200.00 @ 31,000 km per year average

 

Protege : Fuel : S$250 per month x 12 months = S$3000.00 @ 20,000 km per year average

 

 

S$1200 @ 31 000 km vs S$3,000 @ 20 000 km

 

You are paying more to travel less km

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Supercharged

eh, pte car expenditure not deductible for tax purposes unless it is paid as allowance.....take note.

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Neutral Newbie
That's helluva alot !!

 

Imagine yours already 50% NCD... mine is 0..

Put in your numbers lah and we can cross compare ... at least those thinking of buying the Jazz can also make a closer more accurate comparison

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Neutral Newbie
eh, pte car expenditure not deductible for tax purposes unless it is paid as allowance.....take note.

 

No worries .... got it covered sly.gifsly.gifsly.gif

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Neutral Newbie
Not all affected by ERP too ... sweatdrop.gif

 

Yeah ... thats why I say .... some costs are flexible , some may have to pay others dont nod.gifthumbsup.gif

 

Put in your numbers lah nod.gif

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(edited)

Honda Jazz 2003

 

ERP Gantry = $0 ( I don't work CBD Area )

Car Road Tax with Radio : $783 Per Year

Car Insurance : $1,900 Per Year ( 0% NCD )

Car Installments : $8400 Per Year

Car Park : $1080 ( $90 x 12 months Sheltered MSCP )

Fuel : $250 per month ( Above Average Estimation ) $3k one year.

Maintenance : $500 ( Estimated )

 

Argh... $15663... sweatdrop.gif

Edited by Mavvy
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Neutral Newbie

2002 Mondeo

 

Car Road Tax : S$1900 per year

 

Car Insurance : S$1100 per year

 

Instalments : S$12500 per year

 

Home Car Park charges : S$0per month x 12 months = S$0

 

Fuel : 160 x 12 months = S$1900.00

 

Miscellaneous Carpark charges : S$350 per year

 

Workshop / Repair / Maintenance charges : S$200 per year (estimate)

 

Total: 18,000

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