How Much Do You Spend On Your Car Monthly On The Average? - Car Talk - Nairaland
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| How Much Do You Spend On Your Car Monthly On The Average? by FindOut(m): 11:46am On Sep 09, 2012 |
Now, this topic was inspired by this thread https://www.nairaland.com/1038040/ideal-car-n80k-monthly-salary Overview: many people are of the opinion that while a car purchase may not be so hard, car maintenance could be difficult and very harsh on the pocket of a low - medium income earner. Now, there are also some people who would tell you that having a small car to run around with even if your income isn't so high is necessary at times. Some cite reasons ranging from "car helps image & assists business", "car aids movement of more people and goods", "you car could actually be earning you more money via picking up people to & from work for a fee", "cost of fueling your car (especially if its a fuel efficient one), even at 100naira per litre is CHEAPER than cost of public transportation, especially post-subsidy removal era)" So, house, on the average, how much do you spend on your car each month? Please state the type of car and engine type (or at least the make and engine type if you have privacy concerns). In giving us your amount (or close estimate), please bear in mind that its not just fueling costs we r talking about here, but also cost of replacement of spares, servicing e.t.c. if however, you've only spent very large sums on your car just a few times, point that out too. Again house, a monthly average maintenance cost of your car. Thanks. Over to you  |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by Nobody: 12:46pm On Sep 09, 2012 |
Automobile # 1 Make: Audi. Model: S8 Quattro. Transmission: 5-speed Tiptronic. Model year: 2002. Engine capacity / type: 4,2L V8 2 x DOHC 40V. Max power: 360 hp. Max torque: 430 Nm. Fuel type: gasoline. Fuel tank capacity: 90 litres. Full tank of fuel, based upon £1,38 per litre: £124. Insurance, fully comprehensive per annum: £380. MOT: £27 per annum. Road tax: £270 per annum. Servicing, repairs and sundries: £400 per annum. So my monthly expense sheet looks like this: * Full tank of fuel x two per month: £248. * Insurance: £38. * MOT: £2,25. * Road tax: £22,50. * Servicing, repairs and sundries: £33,30. * Total: £344,05 (monthly) £4,129 (annually). My servicing, repairs and sundries is based upon what I might need, outside of routine maintenance. So far, in a year of ownership, I haven't had to replace anything, just serviced. Automobile # 2 Make: Audi. Model: A4 Quattro. Transmission: 5-speed manual. Model year: 1995. Engine capacity / type: 2,6L V6 2 x SOHC 12V. Max power: 150 hp. Max torque: 225 Nm. Fuel type: gasoline. Fuel tank capacity: 63 litres. Full tank of fuel, based upon £1,38 per litre: £87. Insurance, third party, fire and theft per annum: £130. MOT: £27 per annum. Road tax: £220 per annum. Servicing, repairs and sundries: £235 per annum. So my monthly expense sheet looks like this: * Full tank of fuel x one per month: £87. * Insurance: £13. * MOT: £2,25. * Road tax: £22,50. * Servicing, repairs and sundries: £19,60. * Total: £144,35 (monthly) £1,732 (annually). Automobile # 3 Make: BMW. Model: 120d M-Sport. Transmission: 6-speed manual. Model year: 2008. Engine capacity / type: 2,0L I4 DOHC 16V. Max power: 160 hp. Max torque: 340 Nm. Fuel type: Diesel. Fuel tank capacity: 51 litres. Full tank of fuel, based upon £1,42 per litre: £73. Insurance, fully comprehensive per annum: £255. MOT: £27 per annum. Road tax: £30 per annum. Servicing, repairs and sundries: £200 per annum. So my monthly expense sheet looks like this: * Full tank of fuel x one per month: £73,00. * Insurance: £25,50. * MOT: £2,25. * Road tax: £2,50. * Servicing, repairs and sundries: £17,00. * Total: £120,25 (monthly) £1,443 (annually). Total for all three cars: £608,65 (monthly) £7,304 (annually). 5 Likes |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by FindOut(m): 3:34pm On Sep 09, 2012 |
My Oga, well detailed analysis. Thanks for d format u've laid down which i hope others will follow. Though ur post will serve more to educate NLers based in the UK, even I have picked up some things. Thanks again. I should have led the pack, but right now i do not currently have a car exclusively for my use, tho my money goes into it from time whenever I need it (which has been very few times in the last 10 months). & besyds, until next month, i'm still earning NYSC allowance  I've already referred two friends to this thread, one to post his experience, & the other to pick up tips as he intends buying a car next month on a total monthly income of about 140k More analyses are welcome. 1 Like |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by Nobody: 6:10pm On Sep 09, 2012 |
Siena: Automobile # 1Amazing! |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by bigx(m): 6:33am On Sep 17, 2012 |
I'd get back to you'all in a month.  @siena Lovely breakdown you did there. |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by Nobody: 8:24am On Sep 17, 2012 |
C'mon, guys! Surely you must have some figures? We can all learn a thing or two here. 1 Like |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by Wallie(m): 8:21pm On Sep 17, 2012 |
Here’s my attempt because I don’t really keep track of how much I spend on gas but the insurance and toll figures are accurate. Gas Vehicle #1 $3.95 per gallon X 18.5 gallon (Fuel tank capacity) X 4 fill ups = $292 per month ($3504 per year) Vehicle #2 $3.75 X 20 gallons X 3 fill ups = $225 per month ($2700 per year) Vehicle #3 (Mostly weekend and traveling -- very bad on gas) $3.95 X 26.4 gallons X 1 fill up per month = $104 ($1248 per year) Cost of Gas per year for all vehicles = 3504 + 2700 + 1248 = $7,452 Full Insurance coverage for all 3 vehicles with at least x2 the required State minimum for Liability coverage $310 per month = $3,720 per year Toll = $6 per day ($3 one way) = $600 per year Total cost per year excluding maintenance for Vehicle #1 (warranty expired) is $11,772. I need to move closer to work to avoid driving this much and paying the stup!d toll that’s about to go up to $4 next year! |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by FindOut(m): 9:23pm On Sep 17, 2012 |
Wallie: Here’s my attempt because I don’t really keep track of how much I spend on gas but the insurance and toll figures are accurate. $11,772 per annum excluding maintenance! I guess this explains why americans tend to offload their cars before the warranty expires (especially warranties exceeding 5 years). @Bolded, i think the annual costs should be higher, since u spend $6 a day x 5 working days x 52 weeks. No? |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by Wallie(m): 10:25pm On Sep 17, 2012 |
Find Out!: You are right! It should be about $1500 if I account for 2 weeks vacation. You're also right about getting rid of vehicles when the warranty expires but it's not just about the warranty. I tend to get infatuated about the next "new" thing after about < 4 years. Also, at about $105 being charged per hour, I can’t even imagine what a transmission or engine will cost to replace on the ever complicated German cars, and I don’t feel like finding out the hard way. The warranty gives me a perfect way out of rationalizing my new purchase.I’ve visited about 5 dealerships in the last 3 weekends to test drive a few of the brand new cars/trucks that just came out for 2013. Subaru BRZ --- this will make a perfect daily commuter for me but too small to be made a workhorse. Still rationalizing… MB GL450 --- better engine and interior than the prior ones but I'm not sure it’s worth upgrading to but the horror stories about MB's 7 speed tranny dey hunt me! BMW M5 --- me dreaming, not happening…too expensive! Didn't even get to drive the damn thing! |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by irecruit(m): 3:59pm On Sep 18, 2012 |
It is really frustrating, i spend not less than $500 on my car every month |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by Nobody: 4:12pm On Sep 18, 2012 |
irecruit: It is really frustrating, i spend not less than $500 on my car every month A break down will be good, it'll help us learn. |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by olsmade(m): 4:13pm On Sep 18, 2012 |
It's difficult to say how much I spend per month but I'll give a rough estimate Toyota Corolla 2005 MT bank type - ts a workhorse Fuel - N8,000 / mth Servicing, repairs et al - N2000/mth Insurance - NA Road tax - NA MOT - NA Total - N10,000/mth Still hurts my N19800 salary anyways (yeah, u r a genius - I'm a corper )3 Likes |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by Watermelon(m): 4:15pm On Sep 18, 2012 |
Naija car owners comment please, we got a lot to learn from u, i intend getting a tokunbo ride next month, i will really appreciate a break down of servicing costs of rides in Naira, abroad contributors, u've done well 1 Like |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by ba7man(m): 4:16pm On Sep 18, 2012 |
hi everyone, i'm new to nairaland.....just registering but im familiar with mr siena's post. very informative. i also love cars. keep up the good work guys,lookin forward to learning from you all. cheers. |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by Okijajuju1(m): 4:28pm On Sep 18, 2012 |
#AUTOMOBILE Number 1 Make: Hyundai Model: Sonata. Transmission: Automated. Model year: 2010. Engine capacity / type: V6 (Thats al I know). Max power: Unknown. Max torque: Uknown. Fuel type: gasoline. Fuel tank capacity: Unknown Full tank of fuel, based upon #97 per litre: estimated 7000 (when the fuel light is on). Insurance, fully comprehensive per annum: 250,000 per Annum. MOT: NIL. Road tax: NIL Servicing, repairs and sundries: 16,000 naira per 5000Km Current Milage: 37000 Km Last Service: 35,000Km So my monthly expense sheet looks like this: * Full tank of fuel x three per month: 12,000 naira. (144,000 per Annum) * Insurance: 250,000 per annum. (21,000 naira per month pro rata) * MOT: NIL * Road tax: NIL * Washman: 5000 Naira per month (60,000 per annum) * Servicing, repairs, and sundries: 16'k per 5000 Km excluding Brake pads (60'k for a full set). (estimated 5 services per year = 80,000 naira per Annum) * Total: 17,000 Naira (monthly estimate ) (annually = Unknown). My servicing, repairs and sundries is based upon what I might need, outside of routine maintenance. So far, in 2 and half years of ownership, I have only just repaced my front Suspension. #Automobile Number 2 Make: Honda Model: City Transmission: Automatic. Model year: 2006 Engine capacity / type: 1.5 L L15A1 VTEC SOHC I4 Max power: Unknown. Max torque: Unknown. Fuel type: gasoline. Fuel tank capacity: Unknown. Full tank of fuel, based upon #97 per litre: 4500 (when the low Feul indicator is on). Insurance, fully comprehensive per annum: 80'k MOT: NIL Road tax: NIL Servicing, repairs and sundries: 9'k per 5,000'km. Current Milage: 63,000Km Last Service: 60,000Km So my monthly expense sheet looks like this: * Full tank of fuel x two per month: 8'k. * Insurance: 6,700 per month pro rata (80,000 Per Annum) * MOT: NIL * Road tax: NIL * Servicing, repairs and sundries: 9,000 naira excluding Brake Pads. (estimated 5 services per Annum) * Total: 15'k (monthly) . My servicing, repairs and sundries is based upon what I might need, outside of routine maintenance. |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by ijigbamigb(m): 4:44pm On Sep 18, 2012 |
Seeing what Siena, and Wallie posted here, I think I should stick tight to my tax-free economy, and govt here... I drive a Corolla LE 2004. V4. Barely 2 years old. I spend 1500 naira weekly on gas = 6000/monthly = 72,000 3500naira/monthly goes to servicing = 42,000 MOT = NO Road Tax = there are no taxable roads in Nigeria. Annual Car Registration = 10,000 (actually covers all taxes) All makes 124,000 naira in a year. I think that's ok for corper like me. 1 Like |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by mrrock: 4:46pm On Sep 18, 2012 |
Toyota 4Runner Jeep. 2008 Model. V8. Engine oil: 1 & half galon per month, about N5,000. And fuelining about N12,000 per month. That's all. I've never had a need to repair anything since purchased. |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by manny4life(m): 4:56pm On Sep 18, 2012 |
Let me see Since I have only 1 car My car uses about 15mpg, so with an average of 13,000 miles annually, so that's 13,000 annual miles/15mpg = 867 gallons x $3.85 per gallon = $3,337.95 Insurance is $155 x 12 = $1,860 Maintenance coverage is $140/month = $1,680 annually So, $3,337 + $1,860 + $1,680 = $6,877 annually or $573 monthly. This is not as bad compared to using public transportation |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by boycebrown: 4:56pm On Sep 18, 2012 |
This article's got me tinkin.I need a change of calculator. |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by Delafruita(m): 4:57pm On Sep 18, 2012 |
i currently use a honda accord 1994 model.on the average i expend about #5000 on fuel daily.perhaps because i take a lot of trips to the site everyday.maintenance is just about #7000 monthly but once in a while i need to change some parts.due to enormous potholes,my absorber,shaft and boris are the main culprits.using a car in lagos is quite different from every other part of nigeria.personally,i'd prefer a fuel efficiant SUV because of lagos roads.i used to use a suzuki and i was in heaven because of its minimal fuel consumption.i think i spent an average of #2000 on my suzuki. |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by Delafruita(m): 5:01pm On Sep 18, 2012 |
ijigbamigb: Seeing what Siena, and Wallie posted here, I think I should stick tight to my tax-free economy, and govt here...1500naira weekly on fuel?sure? |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by Nobody: 5:22pm On Sep 18, 2012 |
mrrock: Toyota 4Runner Jeep. That's a lot of oil! 5,5 litres of oil monthly??  Where's it all going?  Unless you mean 1,5 litres per month (still on the high side) your engine might need more than routine maintenance sooner than you think. My Audi S8 uses about 1,7 litres of oil between services, which is about every 10,000 miles. |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by SamMilla1(m): 5:26pm On Sep 18, 2012 |
I love travelling, so i have a problem. 1- I visit Enugu Ngwo from Onitsha every friday and returns on mondays. I visit my village from Enugu on those trips which is about ten minutes drive. Then i cruise around town until 12am. Sometimes 2 am or 3. All this takes about 90 liters of fuel @N97. Sometimes N105. Add oil N2800. Infact i dont know how much. Around 30k or so |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by tsmack: 5:28pm On Sep 18, 2012 |
Let me try. I drive a pilot and... I spend N6k on fuel per week. Thats N6,000x4 = N24,000/month = N288,000/year Insurance was one off = N300,000/year Servicing is about 9k every 3months (i.e. N9,000 x 4) = N 36,000/year General maintenance (still in good shape, so i dont expect to buy anything till the next 2years (did i hear a Big Amen!) Estimated annual expenses N591,000/year It will jump up considerably if i factor in the average risk of driving in Lagos i.e. 400k per annum for the risk premium... |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by ijigbamigb(m): 5:28pm On Sep 18, 2012 |
Delafruita:Yes o. Very sure cus I live in akure now and my house to work isn't more than a 15 min drive (no much traffic) and my car is 100% fuel efficient. 4k fills my tank. |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by ZUBY77(m): 5:36pm On Sep 18, 2012 |
Very good topic for boasters. You will find out that every nairalander owns a car today. Lol.. Well no one can tell in Nigeria, how much he or she spends unless you are a machine, on average i think i spend around 20 k monthly. Changing oil and fueling... Occassionaly changing minor parts. |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by mrrock: 5:50pm On Sep 18, 2012 |
@siena. Yes, you're right!. Seems you know much about these things. After I put the first galon it would be almost full, the second galon is always to top-up. I rememeber sometime I asked the mechanic whether to just go without the second galon but he guaged the oil and advised I top up a little more. So I must always buy the second galon. But what I do the next time is just buy one more galon to add to the last. NB: I don't use cars until it require repairs, once I notice any repair issues I will sell it immediately and replace. I learnt from a friend this is the only way to avoid mechanics wahala. 1 Like |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by acidtalk: 5:52pm On Sep 18, 2012 |
With my Boeing 747 private jet. Aviation fuel per month - N7,550,000 Airport Taxes per month - N8,950,000 Ministry of Aviation tax -N10,568,956 AITA rates for membership -N6,534,098 Airport Touts. -N1,500,000 Unforseen expences for month-N3,000,000 Kiah!!! To be a big man no easy oh! 1 Like |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by Nobody: 6:03pm On Sep 18, 2012 |
acidtalk: With my Boeing 747 private jet. Bro, please......we're being serious here, so we can all learn something new that will benefit us, and share experiences to help others. The joke section's more appropriate to your post, and other users there will appreciate it......we don't. Thanks! 6 Likes 1 Share |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by Laruze: 6:05pm On Sep 18, 2012 |
Nice topic OP. Since i come across the post, i just begin dey crack my brain dey calculate my expenses. gonna b useful for my plannings sha Here`s my try: Car Make= Honda Model= Accord Transmission= Automatic Model year= 2003 Engine capacity / type= 3.0L /V6 Mileage= 89,000km Fueling @97 per litre= N3000 per week Avg minor servicing/repairs & sundry expenses= N3000 per mnth Avg major servicing/repairs e.g changing parts,oil etc = N17,000(Not regular though.Say 3-4times per annum) Comprehensive insurance per annum= N80,000 Vehicle license renewal/MOT per annum = N5,000 So my avg monthly expenses looks like = N19,000  |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by Delafruita(m): 6:12pm On Sep 18, 2012 |
ijigbamigb:no wonder.the only "traffic" in akure is from cathedral to the market which would last about 3mins.i drive almost 3hours to the office everyday.from office to the site is another 2 hours drive.factor the fuel to be wasted in traffic and you realise akure is a wonderful place to drive a car.cant wait for the light rail to be completed.my car will go on holiday. 4k fills your tank in this jonathan era?you're lucky |
| Re: How Much Do You Spend On Your Car Monthly On The Average? by tsmack: 6:19pm On Sep 18, 2012 |
@ Laruze. How do you do it? I used to use a Honda Accord 2002 model (i think its a v4 engine) And i was spending almost 6k a week from Yaba to VI everyweek day. No be say the car old O! 1 Like |
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