The Real Cost of Owning a Car

Every time we are in the mall, we never fail to notice the various vehicles on display with signages on how very little the down payment is. There was even one car that caught my attention in particular – a Hyundia Getz with a down payment of only P18,000!


Imagine that, with just P18,000 you can already be driving a brand new car (assuming all other factors are favorable, which they always seem to be when you are buying a car)!

My husband and I wondered how much the monthly amortization for that car be, considering that we already paid P126,000 down payment and still our monthly on our 2008 Kia Picanto is still P12,528.00 – and that is not even the end of it.