COST OF CARS & INSURANCE CAR
ANNUAL COST OF KEEPING A CAR IN ONTARIO (APPROXIMATED – Based on statistical
expenditure)
The following is
an estimate of the amount you would expend yearly in Ontario, based on the cost
of a new car. Calculations were made as a reference, and with cars of different
CYLINDERING. These
considerations have been taken into account:
-
A 12% from
the price of a new car was taken as depreciation cost
-
The cost of
the yearly insurance is the one the a driver would usually pay, having a
license and no experience in driving in Canada or North America. The
estimate is just a reference, and it is the average amount some people pay
in similar conditions.
The average cost of petrol in Ontario is 1 litre = $0.98 (Julio
2007)
COST OF SOME NEW CAR IN ONTARIO (2006)
|
# |
Brand |
Motor
(Lt) |
Speeds |
Consumption (Lt)
100 km city |
Consumption
(lt) 100 km highway |
Cost
(approx)
$ dollars |
|
1 |
SUZUKI -Swift |
1.600 |
Automatic
5 speed manual |
9.7
9.1 |
6.3
6.2 |
13.800 |
|
2 |
FORD - Focus |
2.000 |
Automatic
5 speed manual |
9.2
9.0 |
6.8
6.4 |
16.800 |
|
3 |
CHEVROLET- Cobalt |
2.200 |
Automatic
5 speed manual |
9.5
9.4 |
6.7
6.1 |
14.800 |
These prices are
approximate and may vary. Some extras may be necessary, as registrations fees,
plate, insurance, etc.
ANNUAL CAR OPERATION
COST
|
# |
Brand
Model |
Annual
Depreciation
(12% initial cost) |
Annual
Insurance
(Aprox.) |
Annual
gasoline
in 12,500 km city |
Annual
gasoline
in 12,500 km highway |
Total
Annual
Cost |
|
1 |
SUZUKI –Swift
1.6 lts |
1656 |
3780 |
1114 |
759 |
$ 7309 |
|
2 |
FORD – Focus
2.0 lts |
2016 |
3840 |
1102 |
784 |
$ 7742 |
|
3 |
CHEVROLET Cobalt- 2 drs
2.2 lts |
1776 |
4482 |
1151 |
747 |
$ 8156 |
|
NOTE:
This
table is just to give the reader an idea on approximate costs and no
responsibility is taken for the numbers or prices written. All costs
are quite approximate to the real ones. You should add other
expenditures such as sticker tax, parking, auto windscreen cleaner,
car washing, oil, filters, tires and any occasional maintenance
expenditure to the previous annual cost. |
 |
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