New car price: ₱896,000
New car price: ₱662,000
New car price: ₱557,000
Take some time to write down what you want from a car: How many people does it need to sit? Would you like it to be small or large? Are there certain features that you feel you can’t live without?
In the Philippines, owning a car is already somewhat a necessity because of the difficulty in commuting, which includes long lines and an insufficient number of PUVs, especially during rush hour and rainy season.
The good thing is that, nowadays, there are already a lot of second hand cars for sale at affordable prices that can be paid fully in cash or on an installment basis via a financing company or bank. As such, you can prepare a certain budget and drive home a car any time soon!
Owning a car though does not end with paying your monthly amortization or the car itself. It is just like having a child: it comes with daily, weekly, monthly, or yearly expenses, as well as unexpected expenditures. So, in a month, how much does it really cost to own a car?
We will try to answer that question by providing you with a list of the things you would spend on if you decide to go for a used Toyota car. Do note that we cannot give you an exact estimate since prices are changing monthly, but the list will provide you an idea.
As obvious as it may sound, fuel is the number one item you would be spending on regularly. As of writing, this will range from P50 to P60 per liter, depending on the type of fuel your car requires.
This will also depend on the fuel efficiency of your car’s engine. Remember, different models have different fuel consumption average. This will also depend on how far you travel, and how many times you would use your car in a day or week.
Your vehicle, whether you bought it brand-new or used, will only be as functional and good as the care you give it. If you ignore maintenance, then even if the car is new, you wouldn’t expect it to function well in the coming years or months.
The monthly cost of maintenance will also depend on several factors. For example, Toyota Philippines offers free maintenance for particular mileages for a brand-new car purchased from their authorized dealers. Thus, you won’t have to think about this for certain months, depending on your car usage.
Some of the car maintenance required are oil change, air filter replacement, brake fluid, and coolant refill, battery check, and tune-up. Additionally, your car would require repairs at some point in time, whether it’s new or used. This will also depend on how you use and maintain your car, as well as if you are involved in an accident, and if you have insurance or none.
Yes, parking! Definitely, you won’t always be parking for free (in your home garage and office parking lot). Most buildings or establishments nowadays have parking fees ranging from P20 to P50 for a certain period. This might be too little of an amount, but when you sum it up, it will take a toll on your monthly budget.
So, all in all, for you car buyers that are looking for 2nd-hand Toyota Corolla Altis for sale, please keep in mind that you will have monthly expenditures in order to keep your car running and in good shape.
The frequency and where and when you use your vehicle are the factors that will greatly affect your monthly costs. Nonetheless, as some experts and users have said, the convenience of having your own car in the Philippines will always exceed the monthly expenses incurred.
We hope we have helped you compute the real cost of owning and using a car. If you need more assistance, Philkotse.com has a lot of updated articles and news for you to read. Thank you for visiting our website!