Most first time car owners neglect to anticipate the other expenses that comes with owning a car. Asides from your monthly amortization, you need to consider the cost of using and maintaining your vehicle. Some of these expenses costs an arm and a leg and will wreak havoc in your budget if you fail to prepare for it
. Let us examine the expenses that are commonly over looked or under estimated by first time car owners.
Fuel
Fuel is one of the recurring expenses you will incur using your vehicle. The several factors that affect fuel consumption of a vehicle are engine displacement, weight of vehicle and engine type. Driving conditions, the style of driving and proper maintenance of the vehicle.
| FUEL COST COMPUTATION |
| AVERAGE FUEL CONSUMPTION OF VEHICLE |
8 Km/L |
| AVERAGE DISTANCE TRAVELED PER DAY |
40 Km |
| AVERAGE PRICE OF GASOLINE |
Php 45 Per Liter |
| DAILY COST OF FUEL |
Php225.00 |
| ANNUAL COST OF FUEL |
Php82,125.00 |
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| *BASED ON MY CARS AVERAGE FUEL CONSUMPTION (CITY DRIVING) |
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Fuel is one of the recurring expenses you will incur using your vehicle. The several factors that affect fuel consumption of a vehicle are engine displacement, weight of vehicle and engine type. Driving conditions, the style of driving and proper maintenance of the vehicle.
