We have now introduced Estimated Cost of Ownership data on our car research website CarBase.my so you can know how much you’ll have to spend on your car’s upkeep beyond just servicing your monthly hire purchase instalments.
The numbers are broken down into five parts for five years or up to 100,000 km. The first two you’ll probably be very familiar with – Road Tax and Insurance. There’s also Fuel Costs, Servicing Costs and Consumable Costs. We’ll go into detail on what these numbers mean.
Road Tax should be self-explanatory. If you click the Calculator icon next to Insurance, you’ll be able to set your starting NCB. We’ll take that NCB number and use it for the first year, and increase the discount over the next five years together with an estimated depreciation of the car’s insured value to estimate how much you’ll have to spend on insurance.
For Fuel Costs, we’ve attached an estimated real world combined fuel economy figure to each variant based on data compiled from Fuelly and other sources. By default each variant uses either RON95 or diesel, but for certain cars that require RON97, the calculation will use the more expensive fuel. As mentioned before, these numbers are based on 100,000 km over 5 years or 20,000 km per year.
Servicing Costs indicate how much you’ll have to spend on servicing your car based on the car’s service schedule. We painstakingly sourced for each car’s service schedule and cost for this. Some car distributors were very cooperative and swift with their reply for this, so thank you for that.
You’ll notice for brands like Volvo this will show RM0.00 – this is because Volvo offers free service for the first five years as standard. These numbers will also be very useful for you to find out how much a promotional free service package is valued at in terms of cash.
For Consumable Costs, it currently consists of tyre replacement costs. Please mouseover the blue (i) icon next to each number to see an explanation on what the numbers mean. We intend to add in wiper, brake disc and brake pad replacement costs in the future.
Estimated Cost of Ownership Data is currently available for Honda, Toyota, Perodua, Nissan, Volvo and Peugeot. Mazda data is available for certain models only. Data for Volkswagen, BMW and Kia will be uploaded later this week. As for the other models that are still unavailable, we hope to add the data in soon.
Our Estimated Cost of Ownership data is also available under the Car Comparison tool so you can compare each car’s data side by side to help you make your next car purchase decision. A sample is available here: Compare Toyota Vios 1.5G, Honda City 1.5V and Nissan Almera 1.5VL.
P/S: For estimated depreciation, please use the Car Market Value Guide.
Looking to sell your car? Sell it with Carro.
Good start, but why depreciation is not included as it is also a cost of ownership. In fact, a huge cost.
Depreciation is based on the whims and fancies of the market and is not real cash flow.
Now you will see why people are buying Toyota after decades – low ownership cost!
Toyota drivers usually sell off their Toyota for a better/bigger cars. No one sell off a Toyota because the driver can’t tahan the minyak, maintenance cost, expensive spare parts, poor quality. No one.
Lol, do u even read the article and the links in it? Honda city is cheaper upfront, cheaper to maintain in 5 years and safer (6 airbags vs 2 airbags, has stability control vs none in toyota). You should just jump off a bridge than to talk nonsense here
Yes current Honda City no doubt attractive. But I am saying people buying Toyota for DECADES! I am saying general car brand for decades and you only concern on particular model for these 2 years.
If you have vocab problem no need jump off bridge, go join tuition class dude.
Now you will see why people are selling Toyota after decades – low dignity and ‘nyawa’ cost every time driving their jamban junk model!
Toyota drivers usually sell off their Toyota because the driver can’t tahan the minyak (new Vios FC nowadays telan minyak more than poor Cam’tak’prong engine other than those jamban junk from 3rd world countries such as Rush, Innova and Fortuner), expensive maintenance cost and spare parts (in UMW service centre, you know i knowlah, pay luxury car spare part price but quality might be worse than local spare parts), and ‘awesome’ poor quality and safety features that put their own and passengers life in danger anytime.
Boring Toyoda SA no customers at showroom then coming here talk kok
For decades people buy same cars without improvement. Go and tell your boss it’s your call to prove those “moving forward” slogan.
Awesome job
Can you include the monthly installments as well?
Loan is quite subjective to each individual (amount, tenure and interest rate), there is also a Loan Calculator under the Tools on top of the website for you to calculate based on your needs.
Many thanks. Its a good start. Though its not quite complete yet. No detailed cost for BMW and Mercedes yet. Guess its still being updated right?
This is amazing! Something innovative and very useful. Keep up the good work guys! :)
I am looking into 5 years trade in value, average figure provided by multiple Car company/salesman.
u know who should use this app? our good govn, cos every time they use million of dollar to service their car.