Lynk & Co, a brand under the Geely umbrella, has garnered attention globally for its innovative approach to car ownership and subscription services. The Lynk & Co 01, a compact SUV, is particularly appealing due to its modern design, advanced technology, and focus on sustainability. For those in Saudi Arabia (KSA) considering owning a Lynk & Co 01, it is essential to understand the different costs associated with ownership, from the purchase price to maintenance, insurance, and fuel consumption. In this blog post, we will explore the various factors that contribute to the total cost of owning the Lynk & Co 01 in KSA.

Purchase Price of Lynk & Co 01
The first factor in the cost of ownership is the purchase price of the Lynk & Co 01. As of 2024, the Lynk & Co 01 is priced competitively in the compact SUV segment, making it an attractive option for buyers looking for a premium yet affordable vehicle. The new car prices in KSA, without VAT, typically ranges between SAR 84,000 and SAR 111,500, depending on the trim level and optional features.

The standard Lynk & Co 01 comes with a host of features such as a panoramic sunroof, advanced driver assistance systems, and a high-quality infotainment system. However, higher trims may include additional features like leather upholstery, adaptive cruise control, and a premium sound system, which can increase the price slightly.

For those opting for financing, banks, and financial institutions in KSA offer various payment plans, with down payments typically starting from 10 percent of the car’s price and loan terms that can range from three to five years. This financing structure can significantly affect the monthly cost of owning the vehicle.

Insurance Costs
Insurance is another significant cost to consider when owning the Lynk & Co 01 in KSA. The insurance premium for a Lynk & Co 01 depends on several factors, including the driver's age, experience, driving history, and the car’s value.

In general, comprehensive insurance for a mid-range compact SUV like the Lynk & Co 01 can range from SAR 3,500 to SAR 6,000 per year. This coverage typically includes protection against theft, accidents, fire, and third-party liabilities. Additionally, opting for add-ons like roadside assistance or replacement car coverage can increase the insurance cost slightly.

Before finalizing insurance, it is a good idea to shop around and compare quotes from different providers in the Kingdom to get the best rate.

Fuel Costs
The Lynk & Co 01 is available as a hybrid, which helps reduce fuel costs compared to traditional gasoline engines. In KSA, where fuel prices remain relatively low, the Lynk & Co 01’s fuel efficiency becomes an advantage. The hybrid version of the 01 can achieve an impressive fuel economy of around 5.6-litres per 100 km, making it an ideal choice for drivers who regularly commute long distances or spend time on highways.

Fuel prices in KSA as of 2024 hover around SAR 0.90 to SAR 1.50 per liter, depending on the fuel type (Octane 91 or 95). For an average driver covering approximately 15,000 to 20,000 km annually, the yearly fuel cost for a Lynk & Co 01 would be between SAR 1,200 and SAR 2,000, depending on driving habits and conditions.

Maintenance and Servicing
Routine maintenance is an essential part of car ownership, and the Lynk & Co 01 is no exception. Like most modern cars, it requires regular servicing to ensure optimal performance and longevity. Maintenance for the Lynk & Co 01 in KSA includes oil changes, tire rotations, brake inspections, and filter replacements.

Lynk & Co recommends servicing the vehicle every 10,000 to 15,000 km, or annually, whichever comes first. The cost of a standard service at an authorized Lynk & Co service center typically ranges between SAR 500 and SAR 1,000, depending on the specific services required.

Additionally, unexpected repairs or part replacements can add to the overall maintenance costs. However, the Lynk & Co 01 comes with a comprehensive warranty, usually covering three to five years or up to 100,000 km, which can help mitigate repair costs during the initial years of ownership.

Depreciation
Depreciation is another cost factor to consider when calculating the total cost of owning a Lynk & Co 01. Like all cars, the Lynk & Co 01 will lose value over time, with most of the depreciation occurring within the first three to five years. Typically, vehicles in this segment lose around 30 percent to 40 percent of their value within this period.
However, given the growing popularity of hybrid vehicles and the brand's reputation for innovation, the Lynk & Co 01 may retain its value better than some of its competitors.

Conclusion
The cost of owning a Lynk & Co 01 in KSA is influenced by various factors, including the initial purchase price, insurance, fuel consumption, maintenance, and depreciation. With its competitive pricing, hybrid efficiency, and modern features, the Lynk & Co 01 offers excellent value for those seeking a stylish and eco-friendly compact SUV. By understanding the costs associated with ownership, buyers can make informed decisions and enjoy the benefits of driving one of the most innovative vehicles on the market today.