[el lobo 6061]

Originally Posted by GTO

Still have zero-dep on a 10-year old car

Which Insurance provider from 7th year till 10th year?

Usually insurance companies give zero dep till 6th year.

[PrasannaDhana]

Tata Altroz 1.5 D

Primary Car

Number of months of Ownership - 18

Mileage - 46000 km

Total Expenditure including Fuel & maintenance - Rs. 2,82,000



Monthly Ownership cost - Rs. 15700


Tata Safari Storme Varicor 400

Secondary Car

Number of months of Ownership - 62(Total) / 28(data tracked)

Mileage - 66000 km(total) / 39000 km(data tracked)

Total Ownership cost - Rs. 3,62,000



Monthly Ownership cost - Rs. 13000

Beater Car

Maruti Celerio 1.0

Mileage - 7000 km

Total Ownership cost - Rs. 48000



Number of months of Ownership - 16

Monthly Ownership cost - Rs. 4000


In all, Easily exceeds 30k per month.

This, not including tyre changes that is going to happen very soon for both my primary and secondary cars - 8 tyres totalling 75000 rupees.

[Youngindus]

Below includes all costs (fuel, insurance, maintenance, cleaning, depreciation).

Xcent Petrol AT (Torque Converter) : 11500 per month in 8 years. This includes fuel cost for 7K km per year. Lifetime fuel efficiency is 12 kmpl.

Polo GT TSI : 15000 per month in 7 years. This includes fuel cost for 8K km per year. Lifetime fuel efficiency is 13.5 kmpl.

I'm assuming Polo TSI has residual value 3.5L and Xcent has residual value 2.5L today.

Both cars are in good condition, but monthly cost will not come down further in next 1-2 years as depreciation and increased maintenance now are near the calculated levels.

I plan to hold on to them till ~10 year mark.

[07CR]

Originally Posted by automowheels

Getting to this figure was very insightful for me. Hope it is for you as well.

Interesting thread.

For Ecosport S TDCI-

Total expected usage tenure= 10 years

Cost of car: Rs. 9,65,000
Cumulative loan interest: Rs 0
Average service charge per year: Rs. 6,000
Repainting & touch-up: Rs. 14,000
Tire change= Rs. 24,000
Battery change= Rs. 4,000

Resale after 10 years= Rs. 4,50,000

Total cost of ownership (TCO)= 9,65,000+(6000*10)+14000+24000+4000= Rs. 1067000

Net cost of ownership (NCO)= TCO- Resale=10,55,000-4,50,000= Rs. 6,05,000

Monthly cost of ownership = NCO/(10*12)= 6,05,000/120=Rs. 5041.66

For Sonet iMT HTX-

Total expected usage tenure= 10 years

Cost of car: Rs. 11,05,000
Cumulative loan interest: Rs 0
Average service charge per year: Rs. 6,000
Repainting & touch-up: Rs. 14,000
Tire change= Rs. 24,000
Battery change= Rs. 4,000

Resale after 10 years= Rs. 4,00,000

Total cost of ownership (TCO)= 11,05,000+(6000*10)+14000+24000+4000= Rs. 1207000

Net cost of ownership (NCO)= TCO- Resale=12,07,000-4,00,000= Rs. 8,07,000

Monthly cost of ownership = NCO/(10*12)= 8,07,000/120=Rs. 6725

[Zinda]

Cars -

XUV500 W8-
Regular Maintenance: Rs. 10k-12k per year, or 1k per month
Insurance: Rs. 1500 per month avg for B2B plus additional protections
Fuel: 7000 per month
Detailing: 12k per year, or 1k per month
Total: 10.5k per month, rounding off to Rs. 12000 per month (including avg tyre cost per month)


Honda Accord 3.5 V6 -
Regular Maintenance: Rs. 25k per year, or 2k per month
Insurance: Rs. 1500 per month avg for B2B plus additional protections
Fuel: 10000 per month (6 kmpl, and I still can't resist driving her frequently)
Detailing: 12k per year, or 1k per month
Total: 14.5k per month, rounding off to Rs. 15,500 per month (including avg tyre cost per month)


Kawasaki Versys 1000
Regular Maintenance: Rs. 25k per year, or 2k per month
Insurance: Rs. 1500 per month avg for B2B plus additional protections
Fuel: 4000 per month (17 kmpl)
Detailing: 6k per year, or 500 per month
Total: 8k per month, rounding off to Rs. 10,000 per month (including avg tyre cost per month)


Dominar 400
Regular Maintenance: Rs. 3k per year, or Rs. 250 per month
Insurance: Rs. 350 per month avg
Fuel: 1000 per month (24 kmpl)
Detailing: 3k per year, or 250 per month
Total: Rs. 1850 per month, rounding off to Rs. 2000 per month (including avg tyre cost per month)


Suzuki Swish
Regular Maintenance: Rs. 3k per year, or Rs. 250 per month
Insurance: Rs. 350 per month avg
Fuel: 500 per month (35 kmpl)
Detailing: 1k per year, or 100 per month
Total: Rs. 1200 per month




Grand Total - A little more than Rs. 40k a month for 2 Cars, a litre class SBK and 2 2-wheelers

[Gotham_City]

Mine is a somewhat unique case to have travelled from one extreme end to another.

3 months ago (>₹ 30,000 per month)- I had a Honda Accord 2.4 AT as a beater car (driver used to take around kids and family in that). On an average, the fuel alone used to cost more than ₹ 32,000 per month.

Now (< ₹ 5,000 per month) - One fine day, decided to replace Accord with Tiago EV. Lo & behold, my fuel cost crashed to ₹ 4,000 per month (with more travel).

It's kind of tough to not like EVs. Fast, sophisticated transmission & low running cost - could not have asked for a better city car.

[GoBabyGo]

Honda City VMT (iVtech)

Bought in January 2018 for Rs.10,65,000/- onroad Delhi (2018 make)
Immediately bought
Seat Covers - Rs.7500/-
5D Mats - Rs.2800/-
Jopasu Car Duster - Rs.700 (changed twice in last 5 years)

Current ODO - 62500km
Fuel cost = 11,000/- per month
Insurance cost = 1,800 (averaged of 5 years), not zero dep
Maintenance = Service every six months for approx. Rs.4500 over 5 years
Cleaning = 400 per month
Dry-cleaning at every service - Rs.1500/-
Rubbing & Polishing once a year - Rs.2000/-
Clutch replacement in April 2023 - Rs.16500/-
Battery replacement in 2022 - Rs.3500/- (don't remember exact amount)
Tyre rotation & alignment every 5000km @ Rs.850/- approx.
No EMI as the car was bought outright

[sirjokhi]

Originally Posted by GTO

Don't forget depreciation, guys! That is the silent killer. But to keep things simple, let's focus

530d M-Sport

Fuel cost = 3000
Insurance cost = 5000. Still have zero-dep on a 10-year old car.

Sorry for off topic discussion but how do you have zero-dep again? I'd love to get it for my 730ld 2014

[Carguy1503]

Originally Posted by PrasannaDhana

Tata Altroz 1.5 D

Primary Car

Number of months of Ownership - 18

Mileage - 46000 km

Total Expenditure including Fuel & maintenance - Rs. 2,82,000

Attachment 2452006

Monthly Ownership cost - Rs. 15700
...

Hello Sir,
Very much pleased with the detailed explanation. By any chance could you let me know which app you're using to log all the details of different cars.



Mod Note : Please quote ONLY the relevant bits of a post. Quoting a full, long post inconveniences our mobile readers.

Thanks!

[jithin23]

I would have loved to add all the car spends in a single app but the frequency of my usage and mods do not allow me to add the numbers.

For my Red EcoSport:
Car cost: 900,000 purchased in 2022(I’ve taken it on a loan for 5 years at 15k per month)
Fuel: 5k per month as I travel a LOT!( 4 digit figure distances on an average)
Tyres :30k
Insurance(Comprehensive): 30k
Detailing: 9k
Mods: approx 1.2-1.4 L including remap
Misc and battle scars: 20k per year
Service: 15-20k per year


The Blue EcoSport:
Purchased for 11.6L in 2018 - loan cleared 3 years ago
Insurance : has been 15k per year on an average
Fuel: 3k per month
Mods: 35k
Maintenance: 10k per year as this car is being used less

I haven’t considered resale value for both the cars as the brand is defunct in India and the current valuation for an Ecosport in the used market is close to that of a new one. No regrets with the spend or purchase though! Drive on

[NerdSpeaks]

[quote=automowheels;5548039]

Illustrating this with an example:

Total expected usage tenure= 8 years

Cost of car: Rs. 8,00,000
Cumulative loan interest: Rs. 1,50,000

/QUOTE]

To my knowledge, you need to recalculate interest cost.
You need to consider interest cost or opportunity cost on entire 8L for 8 years, even if you would not have taken loan.
You need to consider cost of capital.
Reason is that if you would have invested this 8L somewhere, you would have earned something out of it, even if there is no Loan as such.

So, considering interest of 8% for 8 years, you need to add 6.4L instead of 1.5L.

Please let me know if I'm missing anything here.

[Neversaygbye]

This is a thought provoking thread and made me go and check the numbers for my car i.e. the Vista which is the one that I use the most.

Realized that while I have the complete service record (since I have always used the ASC for everything), I never bothered to keep track of fuel cost till I downloaded an app in March 2021.

I therefore had to extrapolate the fuel cost numbers based on fuel expenses in the last two years - the actual cost would be lower than this as fuel was cheaper earlier and also the car ran comparatively less during the pre-covid period, especially between 2015-2020 when I was in Bangalore and the car was mostly in the garage at home in Calcutta.

First the calculation for fuel expenses:

Taking the numbers from the app, in the last two years the car has run 38298 kms and consumed 2805.23 Litres of diesel at a total cost of INR 261946.23. This translates to INR 6.84 per km and an average mileage of 13.65 kmpl. (All my calculations are tankfull to tankfull.)

Extrapolating this over the total mileage run of 115095 kms we get the number of INR 787214, which can be considered as the total cost of fuel over the 9 years 11 months period.

This is how the numbers stack up excluding fuel (all costs in INR):

Purchase cost: 707891

Interest paid on partial finance of 3 years: 58692

Total maintenance cost over ownership period: 409627. This includes accident repairs, regular service and replacement of battery (thrice), tyres (twice) etc.

I also need to consider the insurance premium payout over the ownership period and this comes to: 108497

This adds up to a total ownership cost (-fuel) of INR 1284707

Dividing this by 119 months, we get a monthly cost of ownership of INR 10796

Now if we consider the average monthly cost of fuel using the extrapolated total cost of INR 787214, then this comes to INR 6615 per month

So the total monthly cost of ownership is 10796+6615 = INR 17411 at present.

I have not considered any resale value as I intend to keep the car as long as I can. Plus I doubt that the Vista will have much resale value since it is an outdated and out of production model.

However, despite not considering any resale value, just by looking at the other numbers on this thread, the VFM quotient of the car has got even stronger. (No surprises there - no wonder GTO recommends holding on to a car for longer)

https://www.team-bhp.com/forum/buyin...to-longer.html (How a more expensive car can work out cheaper (if you hold onto it for longer))

Here are some charts:

The first one is at an overall level but does not include fuel costs from purchase (June 2013) till February 2021



The second chart is for all expenses in the last 2 years - these are actual numbers and include maintenance cost. As you can see, almost 40% of the maintenance cost has come in the last 2 years, i.e. once the car did over 1 lakh kms. Many wear and tear and old items needed to be replaced - for example tyres, battery, front suspension, timing belt, etc.

[murlidar]

I guess cost per km is more relevant as we can compare subscription based cost vs buy and use. also occasional users may find ubers and olas more useful as it comes with a benefit of driver and no hassle of parking during city outings.

[carthick1000]

While in India, I did not own a car but only motorcycles (My father's cars doesn't count as mine). So my first car ownership started here in the Netherlands. I have had different types of ownership / lesseeship in the last 11 years I am here. I had owned different cars for different periods of time, but since it is a monthly TCO, I think I can dig around my administration and post some useful numbers here. Also Androdev's % approach is interesting. So I will add that here and to my notes too. Learning something new eveyday. Thanks.

I will post the following values for my past and present cars:

Depreciation : Bought - Sold (Applicable for private ownership)
Lease cost
Insurance
Road tax
Maintenance
Fuel
Benefit-in-kind (This is a fuel allowance or company lease car) from employer (Lucky me )
Benefit-in-kind tax to the taxman

TCO / month
TCO / month in %

From a noob about personal finance to learning lessons the hard way and now with a decent understanding of TCO. The benefit in kind is the contribution I get from the employer as fuel costs (in case of private cars) or a company car with fuel (for this I need to pay benefit-in-kind cost to company and a benefit-in-kind tax to the tax man)

NOTE: All costs in EUR are per month values and my average annual usage is about 35000~40000kms. Minus are reimbursements / benefits in kind from employer for mobility

Past cars

Private ownership - Beater used fun car - Peugeot 106 GTi

Depreciation : 100EUR
Lease cost : NA
Insurance: 35EUR
Road tax: 23EUR
Maintenance: 60EUR
Fuel: 30EUR
Benefit-in-kind from employer: NA
Benefit-in-kind tax to the taxman: NA

TCO : 248EUR
TCO (% of car price) : 16.5%


Private Lesseeship - Fun car - Mazda MX-5 ND

Depreciation : inc. in lease
Lease cost : 722EUR
Insurance: incl. in lease
Road tax: incl. in lease
Maintenance: incl. in lease
Fuel: 300EUR
Benefit-in-kind from employer: -100EUR
Benefit-in-kind tax to the taxman: NA

TCO - 922EUR
TCO (% of car price) - 2.6%

Private ownership - Decent used car - Lexus CT200h

Depreciation : 665EUR
Lease cost : NA
Insurance: 112EUR
Road tax: 66EUR
Maintenance: 80EUR
Fuel: 315EUR
Benefit-in-kind from employer: -530EUR
Benefit-in-kind tax to the taxman: NA

TCO - 708EUR
TCO (% of car price) - 3.5%


Private ownership - Decent used car - BMW 318d E90

Depreciation : 25EUR
Lease cost : NA
Insurance: 57EUR
Road tax: 128EUR
Maintenance: 227EUR
Fuel: 240EUR
Benefit-in-kind from employer: -536EUR
Benefit-in-kind tax to the taxman: NA

TCO - 141EUR
TCO (% of car price) - 3.1%


Private Lesseeship - Practical small car - Hyundai i10

Depreciation : inc. in lease
Lease cost : 350EUR
Insurance: incl. in lease
Road tax: incl. in lease
Maintenance: incl. in lease
Fuel: 300EUR
Benefit-in-kind from employer: -627EUR
Benefit-in-kind tax to the taxman: NA

TCO - 23EUR
TCO (% of car price) - 0.1%

Current cars

Company Lesseeship - Fun family car - Tesla Model 3

Depreciation : inc. in lease
Lease cost : 1179EUR
Insurance: incl. in lease
Road tax: incl. in lease
Maintenance: incl. in lease
Fuel: incl. in lease
Benefit-in-kind from employer: -1079EUR
Benefit-in-kind tax to the taxman: 79EUR

TCO - 179EUR
TCO (% of car price) - 0.3%


Private ownership - Practical small car - VW Up!

Depreciation : TBD (I only know it when I sell the car)
Lease cost : NA
Insurance: 38EUR
Road tax: 23EUR
Maintenance: 43EUR
Fuel: 15EUR
Benefit-in-kind from employer: NA
Benefit-in-kind tax to the taxman: NA

TCO - TBD
TCO (% of car price) - TBD

[dicor]

There are no standard formulas for ownership cost.

Legends also do consider depreciation and inflation cost as well when calculating ownership costs.

I find your thread useful for me to compare this with subscriptions versus self-ownership so I have tried to break up the OpEx between two categories, one which I need to pay and the other which is covered in a subscription model.

So my drive is XUV5OO W10 MT and the monthly ownership cost is around 33000, if I maintain it for 5 years. If I sell it after 7 years or 15 years, it would be a lot cheaper.

Originally Posted by Carguy1503

Hello Sir,
By any chance could you let me know which app you're using to log all the details of different cars.
Thanks![/b]

That's Fuelio. Amazing app. Also lets you keep a backup on GDrive / Dropbox.

Originally Posted by jithin23

For my Red EcoSport:
Misc and battle scars: 20k per year
Service: 15-20k per year

OMG! What is included in this service? I can see you've already calculated the costs of injury treatments.

My sister owns an EcoSport Diesel and the regular service cost is like 7ish.
Ford Service Cost calculator