Cost of Owning a Car in Malaysia

By Bio_Mckenna130 14 Apr, 2022 Post a Comment

The cost of road tax is pretty affordable as we found out that 1500cc or 15-litre cars only cost RM90 per year in Peninsular Malaysia. If we were to take into account the costs of interests insurance road tax and maintenance over the years the additional cost of owning a brand new Toyota Vios and a Toyota Camry can come up to RM20000interests RM10000insurance RM1000road tax RM10000maintenance RM41000 more than the sticker price of the Toyota Vios up to.

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That is transfer ownership from the previous owner to yourself.

. With lack of reliable public transportation in most parts of Malaysia having a car has become a necessity more than a luxury. At a retail from RM 76000 to RM 91000 many Malaysians see tremendous value in terms of style equipment and size for a B-segment car. However does its hefty price tag along with other related on-going maintenance costs off-set the very idea owning one.

Malaysia has made its name known to the world high on the list again. Powered by a 15-litre i-VTEC engine with 118 hp and 145 Nm of torque fuel economy is an admirable 400 to over 600 km depending on city or highway. Divided by 12 months RM 115600.

With lower requirements to own a car it makes it very easy to own a car although it may. Using the annual gross income as a guide a viable car to purchase by the fresh grad would be the Perodua Axia E 10 manual priced at RM23367 not inclusive of car insurance but do keep in mind that this is the cheapest brand new car available in Malaysia right now and it doesnt even come with a radio. Only West Malaysia Original Prices available at this time This valuation is meant as a guide only.

For a car with an average market price of RM50000 and power of 1400cc here are some additional annual costs that you may need to be aware of. High maintenance costs high duties and taxes contribute to the high cost of owning a car in Malaysia. This includes the depreciated car value insurance road tax and service but excludes petrol expenses.

The inspection and record clearance. If you do it yourself it will cost you about an hour at a Puspakom centre which you can do on a weekend and about 90 minutes. Now lets calculate the total ownership cost for 9 years Initial cost Interest in Financing Insurance Premium Fuel Consumption Maintenance Repair.

The Nissan LEAF retails for around RM181k to RM185k the Mini Electric for around RM218k the BMW i3s for RM268k and the Porsche Taycan for about RM725k. A Toyota Prius will cost you USD 65000. We recommend just going there early in the morning as they rarely answer phone calls for.

From these costs depreciation or the loss in value over time makes up the highest 40 according to a. We pit the Nissan Leaf approximately RM180000 against the widely used local car model Myvi approximately RM49000 to figure out if its actually worth spending heaps of money for the former. A few more steps before you can transfer the ownership to your car for now you need to take your car to the nearest PUSPAKOM centre for an inspection.

Car prices are exceptionally high. Convert both figures to US dollars and you have US 36000 for the Malaysian car vs a whopping US 107312 in. In Singapore the owner will have to put down half of the cars price before paying for the other half over the course of five years.

The Cost Of EVs In Malaysia. Road Tax RM90year. The runners are not free though and cost upwards of RM150.

Some people prefer to use runners for this entire process because it can be a hassle if you dont have the time. Divided by 9 years RM 1387480. If youre in East Malaysia its even cheaper at only RM56.

The estimated cost of ownership over 3 years is RM17381 this calculation is based on the assumption that the car mileage does not exceed 20000 km a year. Cars with good or better fuel economy will obviously help you save on cost. For example cars with 3000cc could cost up to RM2130 in road tax.

Tips For Buying A Second Hand Car In Malaysia. Overall its important to remember that the total cost of ownership of a car is significantly more than the actual price you pay at the store. Petrol RM2400year RM200month may vary according to usage and location of driver.

And we thought Brazils situation was bad enough. Service and Maintenance RM1000year. Thats because that cost includes depreciation fuel maintenance repairs and insurance.

As of September 2020 there are only 4 EV models that are officially sold in Malaysia which are the Nissan LEAF the Mini Electric the BMW i3s and the Porsche Taycan. Actual values may vary between RM2000 - RM5000. Myvi 13 5041300 1177100 690310 4377600 945000 256000 RM12487310.

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