The Peugeot 2008 is a compact SUV that has garnered significant popularity in the Kingdom of Saudi Arabia (KSA) due to its stylish design, advanced technology, and impressive driving dynamics. However, owning a vehicle involves more than just the initial purchase price. Prospective buyers often consider ongoing expenses such as fuel, maintenance, insurance, and depreciation when deciding on their next car. In this blog post, we will dive into the detailed costs associated with owning a Peugeot 2008 in KSA to help you make an informed decision.

1. Purchase Price and Initial Costs
The first significant expense when buying a Peugeot 2008 is, of course, the purchase price. In KSA, the price of a new Peugeot 2008 typically ranges between SAR 82,000 to SAR 110,000, depending on the trim level and additional options. Peugeot offers various trims like the Active, Allure, and GT Line, each with different levels of features, engine options, and interior upgrades.

When purchasing a vehicle, it is also essential to account for initial costs such as registration fees, which can add another SAR 1,000 to SAR 1,500 depending on the region and vehicle specifications. Additionally, if you opt for optional accessories or extended warranties, these can increase the initial outlay. The 2008 is indeed one of the best cars under SAR 110,000.

Estimated Initial Cost: SAR 83,000 - SAR 112,000 (including registration fees and basic accessories).

2. Fuel Costs
Fuel costs are a recurring expense for any vehicle owner, and they vary based on your driving habits and the fuel efficiency of your car. The Peugeot 2008 is equipped with efficient engine options, including a 1.2-liter turbocharged three-cylinder engine that delivers an impressive fuel economy of about 17-19 km/liter, depending on driving conditions.

Assuming an average of 20,000 kilometres driven annually, which is typical in KSA, and the current fuel price in Saudi Arabia of approximately SAR 2.33 per litre for 95-octane petrol, the yearly fuel cost would be:

Estimated Annual Fuel Cost: SAR 2,455 - SAR 2,744.

3. Insurance Costs
Insurance is another critical component of vehicle ownership costs. In KSA, insurance premiums can vary widely based on factors such as the driver’s age, driving history, and the specific insurance provider. For a Peugeot 2008, comprehensive insurance typically costs between SAR 2,500 and SAR 4,000 per year.

The premium could be lower if you opt for third-party insurance, but it is highly recommended to go for comprehensive coverage to protect against theft, damage, and other liabilities.

Estimated Annual Insurance Cost: SAR 2,500 - SAR 4,000.

4. Maintenance and Service Costs
Regular maintenance is crucial to keep the Peugeot 2008 running smoothly. Peugeot recommends a service interval of every 10,000 kilometres or once a year, whichever comes first. Routine services include oil changes, filter replacements, brake inspections, and general check-ups.

The cost of a standard service for the Peugeot 2008 ranges from SAR 500 to SAR 1,000, depending on the service center and the type of service being conducted. More extensive services, such as those required at 40,000 or 80,000 kilometers, can cost between SAR 1,500 and SAR 2,500.

In addition to scheduled maintenance, owners should budget for unexpected repairs or replacements, such as tires, brake pads, or battery replacements, which could add another SAR 1,000 to SAR 2,000 annually.

Estimated Annual Maintenance Cost: SAR 2,000 - SAR 3,500.

5. Depreciation
Depreciation represents the loss in value of your vehicle over time and is often the largest cost of car ownership, though it is not an out-of-pocket expense unless you sell or trade the vehicle. On average, new cars lose about 15-20 per cent of their value in the first year and 10-15 per cent in subsequent years.

For the Peugeot 2008, you can expect a depreciation rate of around 20% in the first year and approximately 10-15 per cent annually thereafter. For a car initially priced at SAR 90,000, this translates to a depreciation cost of around SAR 18,000 in the first year and about SAR 10,000 to SAR 13,500 per year subsequently.

Estimated Annual Depreciation: SAR 10,000 - SAR 13,500.

6. Total Annual Ownership Cost
Now that we have broken down each of the major costs, let us look at the overall estimated annual cost of owning a Peugeot 2008 in KSA:

Fuel Cost: SAR 2,455 - SAR 2,744
Insurance Cost: SAR 2,500 - SAR 4,000
Maintenance Cost: SAR 2,000 - SAR 3,500
Depreciation: SAR 10,000 - SAR 13,500
Total Estimated Annual Ownership Cost: SAR 16,955 - SAR 23,744.

Conclusion: Is the Peugeot 2008 Worth the Cost?
The Peugeot 2008 offers a compelling package for drivers in KSA who are looking for a stylish, efficient, tech-savvy, and a low budget car. Its reasonable fuel efficiency, moderate insurance costs, and manageable maintenance expenses make it an attractive option in its segment. However, prospective buyers should keep depreciation in mind, as it significantly contributes to the total cost of ownership.

Ultimately, the decision to purchase a Peugeot 2008 should be based on your driving needs, budget, and preference for European styling and features. The 2008 delivers a unique blend of design, comfort, and performance, making it a solid choice for those seeking a sophisticated compact SUV in the KSA market.