Hitman Neutral Newbie May 6, 2004 Share May 6, 2004 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. ↡ Advertisement Link to post Share on other sites More sharing options...
Andrianie Neutral Newbie May 6, 2004 Share May 6, 2004 Wow thats a big amt indeed! Almost my pay for the whole year! Link to post Share on other sites More sharing options...
Hitman Neutral Newbie May 6, 2004 Author Share May 6, 2004 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 Link to post Share on other sites More sharing options...
Protege 1st Gear May 6, 2004 Share May 6, 2004 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!!! Disclaimer : Insurance is at 30% NCD. Fwah!! Link to post Share on other sites More sharing options...
Hitman Neutral Newbie May 6, 2004 Author Share May 6, 2004 Mmmm ... I guess the cost of ownership of the 323 is roundabouts the same Thanks Link to post Share on other sites More sharing options...
Protege 1st Gear May 6, 2004 Share May 6, 2004 Ya. Our car price about there. The most slight difference in insurance, petrol, etc. Cheers!! Link to post Share on other sites More sharing options...
Hitman Neutral Newbie May 6, 2004 Author Share May 6, 2004 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 Link to post Share on other sites More sharing options...
Mavvy Clutched May 6, 2004 Share May 6, 2004 That's helluva alot !! Imagine yours already 50% NCD... mine is 0.. Link to post Share on other sites More sharing options...
Cheekg99 Neutral Newbie May 6, 2004 Share May 6, 2004 Not all affected by ERP too ... Link to post Share on other sites More sharing options...
Acemundo Supercharged May 6, 2004 Share May 6, 2004 eh, pte car expenditure not deductible for tax purposes unless it is paid as allowance.....take note. Link to post Share on other sites More sharing options...
Hitman Neutral Newbie May 6, 2004 Author Share May 6, 2004 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 Link to post Share on other sites More sharing options...
Hitman Neutral Newbie May 6, 2004 Author Share May 6, 2004 eh, pte car expenditure not deductible for tax purposes unless it is paid as allowance.....take note. No worries .... got it covered Link to post Share on other sites More sharing options...
Hitman Neutral Newbie May 6, 2004 Author Share May 6, 2004 Not all affected by ERP too ... Yeah ... thats why I say .... some costs are flexible , some may have to pay others dont Put in your numbers lah Link to post Share on other sites More sharing options...
Acemundo Supercharged May 6, 2004 Share May 6, 2004 haha......got wat u mean....looks like you have already consulted the experts Link to post Share on other sites More sharing options...
Mavvy Clutched May 6, 2004 Share May 6, 2004 (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... Edited May 6, 2004 by Mavvy Link to post Share on other sites More sharing options...
Delvin Neutral Newbie May 6, 2004 Share May 6, 2004 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 Link to post Share on other sites More sharing options...
Cheekg99 Neutral Newbie May 6, 2004 Share May 6, 2004 wow, your car insurance quite high ... is it becos' of your age or car model ? Link to post Share on other sites More sharing options...
Hitman Neutral Newbie May 6, 2004 Author Share May 6, 2004 Thanks bro ↡ Advertisement Link to post Share on other sites More sharing options...
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