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PRICE COMPARISON BETWEEN CLASS (SUV-MPV-SEDAN-HYBRID) 2012 Model Net Selling Price Registration Fee Number Plate Ownership

Claim Handling Fee (For Imported Model) INITIAL COST CR-V 2.0L i-VTEC RM 145,109.30 RM 300.00 RM 50.00 RM 50.00 RM 50.00 STREAM RM 153,984.50 RM 300.00 RM 50.00 RM 50.00 RM 50.00 ACCORD RM 144,989.60 RM 300.00 RM 50.00 RM 50.00 NA CITY RM 87,642.50 RM 150.00 RM 50.00 RM 50.00 NA INSIGHT RM 96,698.80 RM 150.00 RM 50.00 RM 50.00 RM 50.00

Road Tax
Insurance Driving licence Susut Nilai (1/10 harga belian) Interest Rate on Hire Purchase Loan YEARLY COST Harga Petrol (per liter) Petrol (based RM 2.10 per litre) Services Engine Oil Tyres Maintenance and Repairs Toll HANDLING COST Kos Setiap Tahun Kos Setiap Bulan

RM 438.80
RM 4,031.90 RM 30.00 RM 14,998.00 RM

RM 279.60
RM 4,265.90 RM 30.00 RM 15,398.45 RM

RM 378.50
RM 4,031.90 RM 30.00 RM 14,498.96 RM

RM 90.00
RM 2,497.50 RM 30.00 RM 8,764.25 RM

RM 70.00
RM 2,731.20 RM 30.00 RM 9,669.88 RM

RM 2.10 RM RM RM RM RM RM

RM RM

Kos Setiap Kilometer

RM

DUTIES & TAXES ON MOTOR VEHICLES


IMPORT DUTY CBU CKD MSP (Complete Built up) (Complete Knock Down) (Multi-Sourcing Parts) ASEAN ASEAN ASEAN MFN MFN MFN CEPT CEPT CEPT A) Motor Cars (Including Station Wagons, Sports Cars and Racing Cars) 30% 0% 10% 0% 10% n.a 30% 0% 10% 0% 10% n.a 30% 0% 10% 0% 10% n.a 30% 0% 10% 0% 10% n.a B) Four Wheel Drive Vehicles 30% 0% 10% 0% 10% n.a 30% 0% 10% 0% 10% n.a 30% 0% 10% 0% 10% n.a 30% 0% 10% 0% 10% n.a C) Others (MPV & VAN) 30% 0% NIL 0% NIL n.a 30% 0% 10% 0% 10% n.a 30% 0% 10% 0% 10% n.a 30% 0% 10% 0% 10% n.a 30% 0% 10% 0% 10% n.a LOCAL TAXES

CBU & CKD


Excise Duties 75% 80% 90% 105% 65% 75% 90% 105% 60% 65% 75% 90% 105% Sales Tax 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%

Engine Capacity (cc) < 1,800 1,800 - 1,999 2,000 - 2,499 Above 2,500 < 1,800 1,800 - 1,999 2,000 - 2,499 Above 2,500 < 1,500 1,500 - 1,799 1,800 - 1,999 2,000 - 2,499 Above 2,500

Notes : MFN = Most Favoured Nation MSP = multi-sourcing parts n.a = not applicable.

www.maa.org.my/info_duty.htm

Without blaming anyone, lets see the taxes imposed on the vehicles here before hitting the road. There are import duty, excise duties and sales tax being imposed on cars. These taxes are also one of the highest in the world. This makes most foreign cars extremely expensive for the local buyers. These explain why a Honda Civic here cost RM120,000 meanwhile only US$17,000 in USA.

Now add on the petrol, toll fees, parking fees, and maintenance expenses, youll most likely spend around RM800 per month just because you own this car. For a fresh graduate earning RM2,000 a month, RM800 is 40% of your salary.

How do you know if you can afford a new car? The answer is the 20/4/10 rule. Michael Kling at Wise Bread (personal finance blog) shares this easy-to-remember rule: Put down at least 20% Finance the vehicle for no more than four years Keep total monthly vehicle expense including principal, interest, and insurance under 10% of gross income Apparently, Michael is living in the USA and he is talking about a different living standard. But the principles hold true for us who are living in Malaysia. If cars are expensive, it simply means we should get cheaper options. If you are following these rules, before buying a Myvi, first you got to have at least 20% down payment ready in your bank account, which is about RM8,400. Secondly, by financing the remaining 80% on a 4 years hirepurchase loan, youll be paying RM779.79 per month.

According to the third rule, you got to keep your total monthly vehicle expense under 10%. By excluding the maintenance, petrol, toll and parking expenses, you got be earning around RM8,000 a month in order to afford a new Myvi. Okay. I know this is kind of hard to swallow. How many years do you need to climb the corporate ladder in order to get to the income level of RM8,000 per month? Some people take as long as 10 years to get there

Kos Purata Mengendalikan Sebuah Kereta


Tarikh Kereta Kuasa Net Selling Price Harga Petrol (per liter) KOS TAHUNAN Road tax Insurance Driving licence Susut Nilai (1/10 harga belian) Faedah yang dibayar ke atas modal KOS PENGENDALIAN Petrol Servis Engine Oil Tyres Maintenance and Repairs Toll TOTAL COST Kos Setiap Tahun Kos Setiap Bulan Kos Setiap Kilometer RM 6,965.39 RM 580.45 RM 0.55 RM 8,601.46 RM 716.79 RM 0.67 RM 1,562.20 RM 306.60 RM 59.58 RM 454.22 RM 511.00 NA RM 1,822.57 RM 306.60 RM 89.37 RM 468.42 RM 766.50 NA Assume 30 to 35 miles/ gallon with 35 miles per day. Assume cost per servive RM 12 and service every 500 miles Assume 1 gallon and RM 22.50 per gallon Assume change 4 tyres every 18,000 miles Assume average cost RM 60 RM 90 every 1,500 miles. RM 179.60 RM 721.20 RM 20.00 RM 2,100.60 RM 1,050.30 RM 213.60 RM 825.50 RM 20.00 RM 2,725.93 RM 1,362.97 Assume car average life span is 80,000 miles and 10 years Assume car price replace by Fixed Deposit rate 10% pa. Ogos 1986 Ogos 1986 Catatan

Proton Saga
1300 cc RM 21,006.59 RM 0.94

Mazda 323
1500 cc RM 27,259.34 RM 0.94