Updating the operating costs of the 2008 Honda Civic
This is an update to the short review of the 2008 Honda Civic 1.8 sedan that I published as a pdf file in mid 2010. At that stage, the car had been owned 2 years from new. I had calculated that the car operating costs for the two years were $4762.16 (New Zealand dollars) and the depreciation for 2 years was $6000, making the 2 year total cost of ownership $10,762.16. Well, now the car has passed its 4th birthday and it is time to do the sums again.
Operating costs for recent two year period (to April 2012)
- Petrol: $2891. Distance travelled: 16540km.
- Insurance: $817.97
- Servicing: $764.53
- WOF's: $96
- Registration: $575.62
- Tyres: Set of 4 Goodyear FuelMax supplied and fitted at Beaurepaires: $893.
(Original Turanza ER30 tyres lasted 29,000km and Honda NZ thought this was OK!)
All the above comes to $6038.12 operating costs for recent 2 year period. This is higher than for the first 2 year period, mainly due to the tyres and the price of petrol.
Depreciation
In April 2010, the car was worth $24,000. Currently, with 36,300km on the clock, Turners auctions estimate $17,600. That means two years depreciation is $6400; a similar value to the first two years.
Total cost of ownership over 4 years
The total cost of ownership for the first two years was $10,762.16
For the latest two year period, it is $12,438.12
Therefore, owning this car for 4 years has cost a grand total of $23,200.28, averaging out to $5,800 per annum.
The car had clocked up 35,000km at the end of 4 years, bringing the price of the pleasure to 66.3 cents per km travelled. Just over half (53%) of that is due to depreciation.
Axino-tech Consulting & Services , May 2012.