Annual Costs of Owning a New 660-1,000cc Car

Abdullah

28 Aug 2024

162

Annual Costs of Owning a New 660-1,000cc Car

Investing in your first vehicle often requires liquidating savings and selling off valuable assets. Although not everyone sells major assets for a car, many people in Pakistan dedicate a significant portion of their finances to secure one.

Once you acquire your vehicle, the financial commitment extends beyond the initial purchase and fuel costs. Owning a car incurs various ongoing expenses, even for a new model.

Annual Costs of a New 660-1,000cc Compact Vehicle

If you allocate between 25 to 40 lacs for a brand-new 660-1,000cc hatchback, here’s an overview of the yearly costs associated with it. These vehicles are generally more economical in terms of maintenance and fuel consumption compared to larger models. For this analysis, we will use the Suzuki Alto, Suzuki WagonR, and Kia Picanto to determine an average annual expense.

Engine Oil Costs

Here’s the estimated cost of engine oil for each model:

Suzuki Alto: ₨ 3,932
Suzuki WagonR/Cultus: ₨ 5,561
Kia Picanto: ₨ 8,500

Air Filter Expenses

The cost of air filters for these cars are:

Suzuki Alto: ₨ 4,700
Suzuki WagonR: ₨ 4,399
Kia Picanto: ₨ 3,200

Maintenance Labor Costs

Maintenance labor fees can differ based on the service provider and vehicle brand. Typically, you might expect to pay between ₨ 5,000 and ₨ 8,000 per service. If you have your car serviced three times a year, this will amount to ₨ 15,000 to ₨ 23,000. These figures are approximations, as specific labor costs are not usually advertised online.

Tire Replacement Costs

Replacing tires is a significant expense, usually occurring every 4-5 years. The cost can vary widely based on the tire brand and driving conditions. For instance, Michelin tires might cost around 200k PKR, whereas standard tires could be about 50k PKR. Owners of smaller hatchbacks typically opt for more affordable tire options. The average cost for a new set of tires is roughly ₨ 50,000.

Typical Tire Life: 50,000 km
Cost per Kilometer: Re. 1

Fuel Expenses

Fuel efficiency differs among models. Here’s a summary:

Suzuki Alto: 17 Kmpl
Kia Picanto: 12 Kmpl
Suzuki WagonR: 14 Kmpl

Total Annual Cost of Ownership

Here is a breakdown of the yearly ownership costs for the Suzuki Alto, Suzuki WagonR, and Kia Picanto:

Suzuki Alto
- Engine Oil: ₨ 7,864
- Air Filter: ₨ 4,700
- Maintenance Labor: ₨ 19,500
- Tire Replacement: ₨ 15,600
- Fuel Expenses: ₨ 275,295
- Total: ₨ 322,959
Suzuki WagonR
- Engine Oil: ₨ 11,122
- Air Filter: ₨ 4,399
- Maintenance Labor: ₨ 19,500
- Tire Replacement: ₨ 15,600
- Fuel Expenses: ₨ 334,286
- Total: ₨ 385,907
Kia Picanto
- Engine Oil: ₨ 17,000
- Air Filter: ₨ 3,200
- Maintenance Labor: ₨ 19,500
- Tire Replacement: ₨ 15,600
- Fuel Expenses: ₨ 390,000
- Total: ₨ 445,300

Note: The above estimates cover routine maintenance and fuel costs but do not include unexpected repairs or accidents.

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