Private Car Costing Spreadsheet Enter items in BLUE only, items in BLACK/RED will be calculated automatically

(For instructions on how to fill up, see sheet 3 by clicking on the "Instructions" tab on the bottom left of this window)
DISCLAIMER: USE AT YOUR OWN RISK, THE AUTHOR WILL NOT BE RESPONSIBLE FOR ANY LOSS WHATSOEVER, DIRECT OR INDIRECT, ARISING FROM THE USE OF THIS SPREADSHEET
Car Expenditure/mth Car Details
Monthly Depreciation $ 403 Model: Nissan Sunny Ex 1.6 auto
Monthly Interest on car loan $ 75 Engine Capacity: 1597 cc
Road + Radio Tax $ 81 Car selling price: $ 55,500
Car Insurance $ 100 OMV: $ 13,085 Check OMV of cars at: http://app.lta.gov.sg/motoring_vo_omv.asp
Fuel $ 192 COE: $ 18,500 Check COE of cars at: http://www.onemotoring.com.sg/publish/onemotoring/en.html
Maintanence $ 62 Date of reg:
Car wash/grooming $ 10 Road tax: $948 per yr Car dealer gross profit : $5,492 (Car price - basic car cost)
Home Car Park charges $ 90 Radio license fee: $27.00 per yr Basic car cost: OMV + taxes + ARF + COE + Regn fee + 1/2 yr road tax
Office Car Park charges $0 Insurance premium: $1,200.00 per yr (Click for details: http://www.onemotoring.com.sg/publish/onemotoring/en/motoring/information/left/buy_a_new_vehicle0/car_cost.html )
Misc Car Park charges $ 20
ERP charges $ 10 Car Loan Details
Upgrades/Misc/Accessories $ 10 Loan Amt $ 30,000 (enter $0 if no loan)
Total per month (with loan interest) $ 1,052 Interest rate 3.00% per annum
Total per year (with loan interest) $ 12,629 Loan period 7 yr
Total interest $6,300
Total per month (w/o loan interest) $ 977 Effective int rate 5.57%
Total per year (w/o loan interest) $ 11,729 Monthly installment $432.14

Total amt needed for 10 yrs: $123,586 Fuel Cost Estimation

Ratio: Total cost/car price 2.23 Fuel Efficiency 12.00 km/litre
(This assumes you own car for 10 yrs) Dist per month 1600 km 19200 km per yr
Fuel Cost $1.44 per litre

Maintenance Cost Estimation (ask dealer for details)

Item Cost/unit Qty(10yrs) Cost Remarks
10k km servicing $106 10 $1,060 At least 6 mths interval
20k km servicing $242 5 $1,210 At least 1 yr interval
40k km servicing $366 5 $1,830 At least 2 yr interval
Tyres (x4) $340 3 $1,020 change every 50,000 km
Battery $55 5 $275 change every 2 yrs
Misc Repairs $500 4 $2,000 every 2.5 yrs
Total Cost: $7,395 for 10 yrs

Private Car Taxes

Registration fee $ 140 Age of vehicle at scarp Parf Rebate
Additional Registration Fee (ARF) 110% of OMV Not exceeding 5yrs 75% of ARF
Customs Duty 20% of OMV Above 5yrs but below 6yrs 70% of ARF
Above 6yrs but below 7yrs 65% of ARF
Above 7yrs but below 8yrs 60% of ARF
Above 8yrs but below 9yrs 55% of ARF
Above 9yrs but below 10yrs 50% of ARF
Check private car taxes at:
http://www.lta.gov.sg/motoring_matters/motoring_vo_tax_pte.htm

Calculations for Scrapping Car Scrap Depre. Cost of per yr Total cost for Total Loss (compared to Car loan early
Value per yr X no. of yrs using car for full 10 yrs) Redemption penalty
Scrap value at end of 1 yr $25,595 $ 29,905 $37,703 $37,703 $25,075 $2,000
Scrap value at end of 2 yr $25,595 $ 14,952 $23,751 $47,501 $22,784
Scrap value at end of 3 yr $23,745 $ 10,585 $19,050 $57,150 $20,074
Scrap value at end of 4 yr $21,895 $ 8,401 $16,699 $66,798 $17,364
Scrap value at end of 5 yr $20,045 $ 7,091 $15,289 $76,446 $14,653
Scrap value at end of 6 yr $17,475 $ 6,337 $14,469 $86,814 $12,663
Scrap value at end of 7 yr $14,906 $ 5,799 $13,597 $95,182 $8,672
Scrap value at end of 8 yr $12,336 $ 5,395 $13,081 $104,650 $5,781
Scrap value at end of 9 yr $9,766 $ 5,082 $12,680 $117,731 $2,891
Scrap value at end of 10 yr $7,197 $ 4,830 $12,359 $123,586 $0

Calculations for Selling Car

Ownership period 3.5 yrs Car loan early
Selling Price $36,000 Redemption penalty
Depreciation per yr for ownership period $5,571 per yr $2,000
Cost per year for ownership period $13,941 per yr
Total cost for ownership period $48,794
Total Loss (versus 10 yrs usage) $5,539

Yearly Depreciation for new owner $4,431 per yr

(till 10 yrs)
 Total Car Cost Distribution

0.95%
0.95%
1.90%
0.00%
8.55%
0.95%
5.86%
38.25%

18.24%

7.13% 9.50%
7.72%

Monthly Depre- Monthly Interest on Road + Radio Tax

ciation car loan
Car Insurance Fuel Maintanence
Car Home Car Park Office Car Park
wash/grooming charges charges
Misc Car Park ERP charges Upgrades/Misc/Ac
charges cessories
x

c
Abbreviation
OMV Open Market Value
OMV is assessed by the Singapore Customs (Tel: 6355 2000), based on the price actually paid or payable fo
for export to the country of importation. This price includes purchase price, freight, insurance and all other ch
sale and delivery of the car to Singapore.

ARF Additional Registration Fee

Amount payable to LTA on top of registation fee (RF) of S$140 in order to register car.
Currently at 110% of OMV for cars registered after March 2004.

PARF Preferential Additional Registration Fee

Rebate given by LTA if car is de-registered at age of 10 yrs or younger. Can be used to offset ARF of new ca
See: http://www.onemotoring.com.sg/publish/onemotoring/en/motoring/information/left/de-register_a_vehicle

Basic car cost is made up of

1. OMV
2. Custom duty (currently 20% of OMV)
3. GST (currently 5% on OMV & Custom duty)
4. Registration Fee (currently $140)
5. ARF (currently 110% of OMV)
6. COE
7. Half-year road and radio tax
8. Car no. plate cost

How to Fill:
Car Details
Engine Capacity See car brochure "technical specificaitons" section
Car Price Price list or inquire from sales person
OMV Check average OMV from LTA website or inquire from sales person
COE Check COE price from last COE bidding at LTA onemotoring website: http://www.onemotoring.co
Radio License Fee Currently $27 per year (from http://www.onemotoring.com.sg/)
Insurance Premium Get quotation from sales person or check with one of the insurance companies that offer motor in
NTUC : http://www.income.coop/
AIG: http://www.aig.com.sg/
Insurance premium will depend on mostly on the following factors:
1. Your personal claims history (ie. have you made any claims previously)
2. Your age and numbers of years of driving experience
3. Your NCD (No-Claim-Discount ) level (max 50%) Some insurers give additional 5% discount if
4. Model of car insured for
5. Type of coverage (comprehensive, 3rd party etc)
6. Details of coverage (eg. replacement car during repair period, choice of repair workshop ... etc)

Fuel Cost estimation

Fuel Efficiency Distance travelled using 1 litre of petrol
See car brochure "technical specificaitons" section or inquire from sales person. As a rough guide
7-9 for SUV/MPV
10-13 for auto 1.6 sedan
12-15 for manual 1.6 sedan
8-10 for auto 2.0 sedan
6-8 for 3litre and above cars
Distance per month Estimate your daily mileage and multiply by 30
Fuel cost Check with petrol stations

Maintenance Cost
10k servicing is for cars using synthetic motor oil
Ask sales person for details of servicing cost.
Tyres 175 size $60-70
185 size $70-100
195 size $90-120
205 size $100-150
215 size $120-180
Tyres normally can last between 40,000 to 60,000 km
Battery normally lasts between 1.5 to 2 yrs
Misc repairs is for repairs not covered by warranty, or after warranty is over
 price actually paid or payable for the goods when sold
eight, insurance and all other charges incidental to the

be used to offset ARF of new car.

ation/left/de-register_a_vehicle0/PARF_COE_Rebates.html

site: http://www.onemotoring.com.sg/

e companies that offer motor insurance:

s give additional 5% discount if you have no demerit points given by Traffic police

hoice of repair workshop ... etc)

sales person. As a rough guide: