Costs to think about when owning a car in Saudi Arabia


Hey there, future car owners! If you’re saving up for your first set of wheels, we know there are a lot of things to consider as owning a car is a huge decision. But before you zoom off into the sunset, it’s important to know what you’re getting into when it comes to the costs of car ownership in the Kingdom.

  1. Buying the Car:
    • The most obvious cost is purchasing the car itself.
    • The price can vary widely depending on the make, model, and age of the vehicle. New cars can be pricey, while used ones are more affordable.
    • Used car prices are currently higher than they typically are, so keep that in mind.
  2. Insurance:
    • You’ll need car insurance to protect yourself and your vehicle in case of accidents. The cost of insurance varies depending on factors like your age, driving history, and the type of coverage you choose.
  3. Registration and Licensing:
    • In Saudi Arabia, you need to register your car and get it licensed. This includes fees for renewing your registration and getting your driver’s license.
  4. Fuel:
    • Gasoline or diesel, your car needs fuel to run. The cost of fuel fluctuates with oil prices, so be prepared for this ongoing expense.
  5. Maintenance and Repairs:
    • Regular maintenance, like oil changes and tire rotations, is necessary to keep your car running smoothly. Unexpected repairs can also pop up, so it’s smart to set aside some money for these costs.
  6. Parking:
    • If you live in a city, you might have to pay for parking. Look out for parking fees when you’re out and about.
  7. Additional fees:
    • There may be other taxes and fees associated with owning a car, like paying for the annual inspection (MVPI).
  8. Car Washes and Cleaning:
    • Keeping your car clean is important, so budget for regular car washes and interior cleaning.
  9. Traffic Tickets:
    • If you break traffic rules, you will get fined. It’s essential to follow the rules of the road to avoid these costs.
  10. Depreciation:
    • Cars lose value over time. This is called depreciation. It’s something to keep in mind if you plan on selling your car down the road.
  11. Parking fees:
    • If you choose valet parking or decide to park your car at the airport, for example, you will have to pay a fee.
  12. Early repayment penalty:
    • If you finance your car and end up paying the full amount ahead of the scheduled time, you will most likely be charged a fine.

Remember, the costs of car ownership can add up, so it’s crucial to budget wisely. Consider all these expenses when deciding if you’re ready to take the plunge into car ownership. Owning a car can provide you with freedom and convenience, but it also comes with responsibilities and costs. Make sure you’re prepared for both the open road and the bills that come with it. Safe driving, and happy car ownership!

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