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So in other words:
a 6 year old car, costing you R 159995 less R 16000 deposit financed over 72 months at roughly 10% interest will cost about R 2700 in repayments.
Therefore, an amount of R 3500 per month was for repairs & maintenance....
That's quite scary! I know you will have this regardless of which vehicle you buy, but I guess I just never thought of it this way....
How would this figure have looked if lets say you purchased a car for lets say R 220 000.00 less R 22 000 deposit over 72 months at roughly 10% interest - repayment would have been roughly R 3700 per month
lets say it had a balance of service plan for 2 services and had 1 year warranty left.
Should be interesting to see how this would affect the TOC...
Would it be higher than R 6200 per month? or less?
Can one speculate that opting for higher purchase price and newer vehicle that you will spend less on repairs and maintenance and therefore lower TOC?
I don't think one can speculate anything and would have to compare actual figures. These figures might even be different for 2 of the exact same vehicles. If one was a lemon which required more frequent repairs or was driven more which required more frequent servicing the figures will differ.
I don't think that this can be used as any type of indication which vehicle has lower TOC as a rule, although interesting to see the TOC of a specific vehicle
Ok, so my 2004 Mercedes ML 350 doesn't qualify for the TCO challenge (it's a petrol version). But I could not resist doing the sums.
Bought in 2010 with 198,000km on the clock, in perfect condition, for R110,000. It was not financed, but I could estimate the payments over 60 months at R2900pm.
I have only driven 52,000km in the 69 months since then.
The numbers look like this:
No code has to be inserted here.
Last edited by Dave Faddel; 2017/12/14 at 07:50 AM.
Four Wheel Drive Club of SA
Garden Route Division
A Proud member of SCROF (Southern Cape Route Owners Forum) see our website at www.4x4ineden.co.za
Talia
2017 Mercedes AMG GLE43 Coupe
2015 Mercedes Benz C250 (Sold)
2004 Mercedes Benz ML350
1998 Mercedes Benz C200 (Sold)
2010 Nissan Navara 2.5Dci (Sold)
Like the way the TCO was calculated. Doubt that even if there were no exclusions to this post, that a lot out there will be able to supply that information. Ignore the OP exclusions and post some other SUV data here.
2.7l 6 cylinder. Some crank failures will mess op the TCO on a few calculations (note: no brand bashing)
This sort of support the saying: Goedkoop koop is duur koop.
The car with the worst TCO that I have owned was my 2011 3.0 tdi VW Touareg. Purchase prce 290k and odo on 150000km repair costs in one year 90k. The vehicle had a maintenance plan till 180000km. Sold it before it did 180000km. Great car to drive but. Sold for 245k. Now I have a 2013 FX30 d infiniti, low mileage, only 33k. So far so good. Ride quality and overall fit and finish is excellent. This one is a keeper.
Last edited by Ismail-VWTiguan; 2017/12/14 at 05:41 PM.
2022 HAVAL H6 4WD Super Lux
2012 Lexus GS 350
1998 BMW Z3
Agreed!
But I merely used this example from info I got from the opening post:
(a) Term: 66 months.
(b) KM driven: 84478km from 164665km at purchase.
(c) Floor price in 2012: 159995.
(d) Full purchase cost including Roadworthy, License & Registration, and Finance charges including Interest: R207791.
(e) Then over the term I calculated fuel cost at average yearly diesel costs and consumption of 13.2L/100km. Total fuel cost was R73972.
(f) Repair and Maintenance and Tires. R158094.
(g) License fees. R2952.
(h) Insurance. R41852.
(i) Sold 2017 at -R75000.
Interesting Results:
- Total Cost of Ownership over the term was R409 660, or 256% of floor price.
- Maintenance was 99% of floor price. So if you think you have a great deal looking at the price....just factor in another 100% for maintenance.
- TCO per km driven was R4,85/km.
- TCO per month was R6200pm, while the bank repayment was only R2700pm
So I assumed a 72month term with 10% deposit, but it could very well have been a shorter term and bigger deposit....
We bought our Jeep GC in 2012 with mileage 100k when it was 7 years old for approximately R192000 with repayments at about R3200 per month over 60 months. We paid it off within 3 years. It had a full service history and this has been maintained since our purchase. I have done about 88k in the vehicle taking across France and Spain. Not cheap to run but cheaper than cars like the Porshe Cayenne.
2018 Jeep Grand Cherokee Overland CRD chased by a 2018 Buccaneer Cruiser twin axle caravan.
Post edited to exclude 'rules'....to allow for any TCO contributions...looking forward to see yours.
Anyone who actually accumulates all that data over the life of ownership...
Must be a hoot around the braai fire.
_______________________________________
Andrew van Staden
Old Wheeler
2024 Ranger Tremor
2025 Honda NX500
2024 BMW R1250RT
2004 BMW K1200RS
Hedgehog, well if you think about it, the TCO is not that difficult to calculate and you need not be a beancounter...or a ‘hoot at the braai’.The hope I had was to illuminate the cost of owning these vehicles by expressing it as a cost per km....and from some replies, it seems to have put some people to think. Others seem to make assumptions on my character. 🤕
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