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In Malaysia, owning a car<\/strong> is typically considered as a necessity <\/strong>rather than a luxury. As public transport coverage are limited in many areas, so cars are a great way to save time, be flexible, and independence. However, a lot of Malaysians don’t realize how much it really costs to own a car <\/strong>because they just think about the monthly payment.<\/p>\n\n\n\n In reality, the total cost to own a car<\/strong> in Malaysia is much higher than the purchase price<\/strong>. This guide will help you understand the major expenses of owning a car in Malaysia.<\/p>\n\n\n\n In Malaysia, most buyers opt for hire purchase loans<\/strong>. Although cash payment can avoid interest, but car loans allow manageable monthly payments<\/strong>. <\/p>\n\n\n\n What to consider:<\/p>\n\n\n\n \ud83d\udca1 Tip: A longer loan lowers monthly instalments<\/strong> but significantly increases total interest paid.<\/p>\n\n\n\n Your yearly car insurance cost<\/strong> are depends on factors such as:<\/p>\n\n\n\n As for road tax <\/strong>in Malaysia, it is generally calculated based on engine capacity (cc)<\/strong>, for example: <\/p>\n\n\n\n \ud83d\udca1Tip: Smaller engine = lower road tax + better fuel efficiency.<\/p>\n\n\n\n Fuel cost may vary based on petrol type, driving habits, and distance travelled<\/strong>. It is a key factor to consider before buying a vehicle.<\/p>\n\n\n\n Below is an example of how petrol cost is calculated.<\/p>\n\n\n\n Calculation:<\/strong><\/p>\n\n\n\n 1000 km \u00d7 12 months = 12,000 km\/year<\/p>\n\n\n\n 12,000 km\/year x 6.3L \u00f7 100 km = 756 litres <\/p>\n\n\n\n 756 litres \u00d7 RM1.99 = RM1500 per year<\/p>\n\n\n\n \ud83d\udca1Tip: The savings from a fuel-efficient vehicle can be significant over time.<\/p>\n\n\n\n All cars require maintenance, but the cost depends on the car’s age, mileage, brand and model, driving distance, and level of wear and tear.<\/p>\n\n\n\n Common annual maintenance costs<\/strong>:<\/p>\n\n\n\n Routine servicing (3\u20134 times\/year): RM150\u2013RM300 per session<\/p>\n\n\n\n Other items: tyres, battery, brake pads (occasional)<\/p>\n\n\n\n Estimated yearly cost: RM600\u2013RM1,200<\/p>\n\n\n\n Skipping maintenance may save short-term cash, but it leads to costly repairs later.<\/p>\n\n\n\n No one enjoys paying for parking and tolls, but they are expenses that you\u2019ll need to consider when purchasing a car.<\/p>\n\n\n\n Assumption of spending on parking and tolls:<\/p>\n\n\n\n Both parking and toll rates vary by location<\/strong>; suburban and rural areas are usually cheaper than city areas.<\/p>\n\n\n\n Unexpected costs includes minor repairs, traffic fines, replacing worn-out wipers, and other small but regular cost that are easy to overlook.<\/p>\n\n\n\n Set aside an emergency buffer of at least RM500-RM1,000 annually.<\/p>\n\n\n\n Before buying a car, make sure you can not only afford the monthly repayments, but also the additional yearly expenses, including car insurance, road tax, fuel, and so on, that come with ownership. <\/p>\n\n\n\n Ready to make a smarter car purchase decision? Keyplus Malaysia<\/a><\/strong> offers clearer car insurance comparison information to help you make a more informed choice.<\/p>\n\n\n\n
\n\n\n\n1. Financing Cost<\/strong><\/h2>\n\n\n\n
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2. Car Insurance & Road Tax<\/strong><\/h2>\n\n\n\n
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3. Petrol Costs<\/strong><\/h2>\n\n\n\n
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4. Maintenance & Servicing<\/strong><\/h2>\n\n\n\n
5. Parking and Tolls for Own A Car<\/strong> <\/h2>\n\n\n\n
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6. Unexpected Costs<\/strong><\/h2>\n\n\n\n
\n\n\n\nConclusion: Plan Your Car Purchase Wisely<\/strong><\/h2>\n\n\n\n