The BYD Seal AWD Performance is priced at RM199,800, offering high-end features for an electric vehicle in this range. To plan for this purchase, it’s essential to account for not only the price but also loan payments, insurance, maintenance, and other yearly expenses. Here’s a detailed breakdown to help you understand the monthly and yearly costs.
Loan Options
With a 3.5% interest rate, here are the estimated payments for different loan durations:
- 9 years: Monthly payment of RM2,191 (yearly RM26,292)
- 5 years: Monthly payment of RM3,525 (yearly RM42,300)
Additional Yearly Costs
- Road tax: RM1,065 (currently free until 2026)
- Insurance: RM2,493.45 (after 55% NCD), or RM5,541 if 100%
- Maintenance and wear & tear: RM2,557.60
These costs total an estimated RM9,163 per year.
Estimated Monthly Expenses
Combining the loan and yearly costs, the estimated monthly expenses for each loan option would be:
- 9 years loan: RM2,954.58/month
- 5 years loan: RM4,288.58/month
What Salary Do You Need?
Financial experts generally recommend dedicating no more than 20-40% of your monthly income to car-related expenses. Based on this guideline, here’s an estimate of the income required:
9 Years Loan
- 20% of income: RM14,772.90/month
- 30% of income: RM9,848.60/month
- 40% of income: RM7,386.45/month
5 Years Loan
- 20% of income: RM21,442.90/month
- 30% of income: RM14,295.27/month
- 40% of income: RM10,721.45/month
Conclusion
To comfortably afford the BYD Seal AWD Performance, your monthly salary should ideally range between RM7,386.45 and RM21,442.90, depending on the loan duration and the portion of income allocated to car expenses.
