Following the confirmed increase in gasoline prices, the impact on costs will have a significant impact, added to other increases such as insurance, which increases quarterly, and technical service, which also increases, among others.
Maintain a car in Argentina is becoming increasingly difficult. Especially if we take into account the new increase in the prices of fuels this week, which meant an increase of 3% to 4%.
This is due to recent government decisions, including a 1% increase in the tax on liquid fuels (ICL) and carbon dioxide (IDC), along with a monthly devaluation of 2% of the dollar and adjustments in the prices of biofuels authorized by the Ministry of Energy.
As expected, this will significantly impact the costs of maintaining vehicles, which are already difficult to sustain due to other increases such as Insurance which rise quarterly, the technical service which also increases, and other daily and unforeseen expenses.
How much does it cost to use and maintain a car after the increase in fuel prices?
For example, maintaining a car like the Toyota Yariswhose price is around $20,000,000, involves monthly costs that exceed thes $432,000. This includes the patent, which varies according to the value of the car and the place of registration, the insurance that can reach $77,300 per month for full coverage, and the official service that costs $172,700 every 10,000 km. In addition, fuel costs could be approximately $99,981 per month, considering the increase in the price of the super gasoline in the Buenos aires city, as iProfesional stated in its report.
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These costs are added to two monthly washes of $8,000 each and in some cases the cost of a garage can reach $50,000 per month. This does not include unforeseen expenses such as repairs or technical failures.
In short, maintain a Toyota Yaristhe most economical model in its segment, could cost around $342,222 per month.
For a base truck like the Toyota Hiluxmonthly costs could amount to $488,492, depending on the version and additional services such as garage and car washes.
These constant increases are leading many to consider more economical mobility options, given the increasing cost of maintaining a vehicle.
Source: Ambito
I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.
