The cost of using Honda City revealed: How much does it actually cost to use for 5 years?

As a best-selling model, the Honda City is priced at RM 84,900-111,900, making it a popular choice among budget-conscious car buyers. Its visibility on the road is quite high due to its affordability. So how much does it cost to own a Honda City for five years? This article will focus on the cost of owning a car after purchase. The main costs will include: fuel, maintenance, parking, and other costs. You can also use this method to calculate your own vehicle costs.

1.Fuel Price（fuel consumption×Mileage×fuel price）

The Honda City's fuel consumption ranges from 3.6L/100km to 5.6L/100km. Excluding the hybrid model with 3.6L/100km, the rest of the models all have a 5.6L/100km fuel consumption, so this article will use 5.6L/100km as a premise.

(Honda City Fuel Consumption)

As per the data, the current price of RON95 is RM2.05. Assuming that the annual mileage is 20,000km, then the five-year fuel cost will be fuel consumption×Mileage×fuel price=RM11,480. Therefore, based on the calculation, the five-year fuel cost will be around RM11,480.

(ron95 fuel price)

2. Maintenance Costs (Number of maintenance × single maintenance cost)

Generally speaking, the maintenance cycle of new cars is usually every 5,000-10,000km or every 6 months for minor maintenance, and the period for major maintenance is longer, usually every 20,000-30,000km or 1-2 years. We calculate according to the mileage, if the total mileage is 100,000km in five years, then the number of minor maintenance is 10 times, and the number of major maintenance will be 3 times.

According to the price statistics of the 4S shop, the cost of minor maintenance is about RM 235.39, which includes changing engine oil, changing dust and pollen filters and checking the brakes; The cost of major maintenance is about RM 780.30, which includes changing CVT oil, fuel filters and fuel fixers. Therefore, the maintenance cost of Honda City for five years is about RM 4,700.

3. Parking Fee

Domestic parking fees are relatively low. Generally speaking, parking is free in suburbs and small cities, while parking lots in large and medium-sized cities will charge during the day, free from 7 pm to 8 am, and free on Saturday afternoons and Sundays. Therefore, domestic parking fees only occupy a small proportion in the cost of car use. We estimate that the average parking fee is about RM1 per hour, and the time spent in paid parking lots is about 30h per month, so the parking fee for five years is about RM1,800.

Summary:

Based on this article, the total cost of using a Honda City for five years is approximately RM11,480 + RM4,700 + RM1,800 = RM17,980. There is definitely some deviation in the calculation formula, for the driving habits and car conditions of each car owner are different. And it is impossible to give an accurate number. But you can try to use this method to calculate what the approximate cost of using your car for five years would be.