Monday, May 29, 2023

How much does it cost to maintain the three best selling cars today?

For the calculation, fuel, patent and insurance policy were taken into account.

The three best-selling cars retained their positions on the podium with 11,139 registrations for the Cronos, 6,786 for the Peugeot 208 and 4,784 for the Toyota Hilux. It is then worth it to take a tour and compare how much it costs to maintain each of these vehicles and the most chosen and nationally manufactured in the market.

Fiat Cronos

The Fiat Cronos has a market value of US$4.5 million. The first obligation faced by the buyer of the entry-level Fiat Cronos is the payment of patents, in this case it gives us bi-monthly installments of around $30,000. For insurance, if Fiat Cronos owners decide to contract full basic third-party coverage, they will face an average outlay of between $11,341 and $11,754 to insurers. With regard to fuel consumption, the Fiat Cronos consumes 6.3 liters per 100 kilometers in urban areas. Taking into account that the average usage of a vehicle in the city is about 1,200 kilometers per month, one should face expenses in premium gasoline of about $15,500.

In sum, an entry-level Fiat Cronos demands around $57,700 per month to maintain.

Peugeot 208

The Peugeot 208 costs $5 million. Its patent is about $36,000. In regards to fuel, the Peugeot 208 1.6 Active has a tank with a capacity of 47 litres. According to its technical file, it consumes 10 liters per 100 kilometers in urban use, which would translate to a monthly cost of approximately $25,000 pesos of premium gasoline per month. Regarding insurance, a comprehensive third-party policy ranges between $13,000 and $14,000 pesos.

Overall, maintaining the 208 requires a monthly outlay of $57,000 per month.

Toyota Hilux

The market value of this Hilux model is US$15.3 million. From its financial value, it pays about $100,000 bi-monthly for the patent. The pickup consumes 12.7 liters per 100 km, about $36,000 in fuel. Finally, taking out a full third-party insurance policy would pay between $26,871 and $30,000.

Overall, maintaining a Hilux requires approximately $116,000 per month.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
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