Tuesday, March 25, 2008

Total Cost of Car Ownership

Ok. I have done the sums.

Period of Ownership : August 2004 to March 2008 (3 years and 8 months)

Total Payment made for car loan : $47,585.80
Total Accessories : $1,452.65
Total Cash Card (mostly Parking and some ERP) : $1,590
Total Insurance : $3,992.25
Total Maintenance : $3,474.09
Total Parking (Home & Office & Parking Coupons) : $7,449.40
Total Petrol : $12,994.50
Total Road Tax : $3,348.50
Total Others : $1,292.37

Grand Total : $83,179.56

Expected Refunds (Insurance, Season Parking, etc) : $400

Total cost $82,779.56
Average Expenditure Per Month (44 Months in Total) = $1,881.35
Average Cost Per Year = $22,576.24

No comments: