金金計較

Approximate Cost for Having a Car

Daily Driving Distance: 50 km
Gas Mileage: 10km/Litre
Assume 1L of gas is $1.00
Daily Gas Cost: 50km / 10km *$1.00 = $5.00
Annual Gas Cost: $5.00*365 Days = $1,825/year

Car Maintenance: $62.00/ every 4 months
Major Car Maintenance: $220 every 12 months
Annual Car Maintenance Cost: $62*2 + $220 = $344 (2 regular maintenance & 1 major maintenace)
Natural Wear and Tear(Brakes & Tires): $250/year
Maintenance Subtotal: $250+$344 = $594/year

Insurance(based on 5% discount every year):
Year 1: $2,700
Year 2: $2,565
Year 3: $2,430.00
Year 4: $2,295.00
Year 5: $2,160.00
Year 6: $2,025.00
Year 7: $1,890.00
Year 8: $1,755.00
Year 9: $1,620.00
Year 10: $1,485.00
Subtotal: $20,925
Annual Insurance Subtotal: $20,925/10 years = $2,092.5/year

Car Value Depreciation:
Bought at $27,000
Assume it worth 1/3 of the original price = $9,000 after 10 years
Depreciation = $27,000 - $9,000 = $18,000
Annual Depreciation: $18,000/10 years = $1,800/year

Total Annual Cost: $1,825 + $594 + $2,092.5 + $1,800 = $6,311.5/year or $525.96/month

- Estimate with an accuracy of +/- 20%

Monthly Cost for Having a Car = $421 ~ $631 or $5,050 ~ $7,570

Comments:
Jesus Christ, that's expensive...............
And holy cow, I am lucky.......................

* This estimate assumes the followins:
- Parking is free
- Zero accident
- No car break-in or whatsoever damage on the car
- Constant Gas Price