1. What is Vehicle Running Cost Calculation?

The Motor Vehicle Running Costs Calculator helps estimate the total expenses associated with owning and operating a vehicle in the Philippines. It includes fuel, maintenance, insurance, and registration costs.

2. How Does the Calculator Work?

The calculator uses the simple equation:

Where:

• \( Fuel \) — Cost of fuel per period (PHP)
• \( Maintenance \) — Regular maintenance costs (PHP)
• \( Insurance \) — Vehicle insurance premiums (PHP)
• \( Registration \) — Annual registration fees (PHP)

Explanation: The equation sums up all major recurring expenses to give the total cost of vehicle ownership for a given period.

3. Importance of Calculating Running Costs

Details: Understanding your vehicle's running costs helps with budgeting, comparing different vehicles, and making informed decisions about transportation options.

4. Using the Calculator

Tips: Enter all costs in Philippine Pesos (PHP). For accurate results, use actual expenses from receipts or estimates based on your vehicle's specifications.

5. Frequently Asked Questions (FAQ)

Q1: What time period should I calculate for?
A: Typically monthly or annual costs. Be consistent with all inputs (all monthly or all annual figures).

Q2: Should I include depreciation?
A: This calculator focuses on operational costs. For total cost of ownership, you might add depreciation and financing costs.

Q3: What's the average running cost in the Philippines?
A: Costs vary widely by vehicle type, but average monthly costs range from PHP 5,000 for small cars to PHP 15,000+ for SUVs.

Q4: How can I reduce running costs?
A: Consider fuel-efficient driving, regular maintenance, comparing insurance providers, and carpooling.

Q5: Are there additional costs I should consider?
A: You might want to add parking fees, tolls, or unexpected repairs for a more complete picture.