The Honda ZR-V is a compact SUV that is gaining popularity in Saudi Arabia for its combination of style, efficiency, and advanced features. With its strong reputation for reliability, Honda's ZR-V appeals to families, young professionals, and anyone looking for an affordable, quality SUV. But owning a car involves more than the initial purchase price. Here is a breakdown of the costs you can expect when owning a Honda ZR-V in KSA.

Purchase Price and Trim Options

The Honda ZR-V comes in various trims, each offering unique features and specifications. Generally, in KSA, the new car prices of the ZR-V start around SAR 135,585, with higher trims reaching up to SAR 145,000 depending on added features like leather seats, advanced infotainment, and driver assistance systems. When buying a Honda ZR-V, you should also consider additional fees such as VAT, registration, and optional extras or accessories you might want, which can add to the initial purchase price.

Insurance Costs

In Saudi Arabia, car insurance is mandatory, and insurance rates for the Honda ZR-V depend on factors such as the driver’s age, driving history, and the coverage type chosen. For a compact SUV like the ZR-V, annual insurance premiums typically range from SAR 2,000 to SAR 4,000.

Third-Party Liability: This is the minimum required by law and covers damages to other vehicles in case of an accident but not to your own. It is the cheapest option, usually costing around SAR 2,000 per year.

Comprehensive Coverage: Comprehensive coverage protects against a wider range of incidents, including theft, damage to your own vehicle, and third-party liabilities. This coverage is recommended for new vehicles, especially with a model like the ZR-V. Comprehensive policies may cost around SAR 3,000 to SAR 4,000 annually, depending on the provider.

Fuel Costs

The Honda ZR-V’s fuel efficiency makes it an economical choice for daily driving in Saudi Arabia. With a fuel consumption rate of around 6.5-litres per 100 kilometres, the ZR-V’s efficient engine keeps fuel costs relatively low. Gasoline prices in KSA are affordable, and for an average monthly distance of 1,500 kilometers, fuel costs can be expected to range from SAR 200 to SAR 400 per month.

Routine Maintenance and Servicing

Regular maintenance is essential to keep the Honda ZR-V in optimal condition. Honda’s reputation for reliability means that maintenance costs tend to be lower than for some other brands. Here’s a closer look at the expected costs:

Minor Services: Every 5,000 kilometers, the ZR-V will need a minor service that includes oil changes, fluid checks, and general inspections. This service typically costs between SAR 300 and SAR 500, depending on where you go.

Major Services: Major services, which include a more comprehensive inspection and component replacements like air filters and brake pads, are generally required every 20,000 to 30,000 kilometers. Major services for the ZR-V can cost between SAR 1,200 and SAR 1,800.

Extended Warranty and Service Packages: Some Honda dealerships offer extended warranties and service packages, which can help keep maintenance costs predictable. For example, a three-year or five-year service package might cost SAR 5,000 to SAR 8,000 but covers all essential maintenance for that period, potentially saving you money in the long run.

Depreciation and Resale Value

One of Honda’s biggest advantages is its strong resale value. The ZR-V is expected to retain a good portion of its original value, even after a few years. Generally, you can expect a depreciation rate of around 15-20 percent in the first year and around 50 percent over five years. Keeping up with maintenance and ensuring a clean service history can improve the resale value when it’s time to upgrade or sell. In KSA, Honda vehicles are in demand, which contributes to their strong resale value, making the ZR-V a good investment for long-term owners.

Registration and Licensing Fees

Annual registration fees in Saudi Arabia typically range between SAR 300 and SAR 500 for a vehicle like the Honda ZR-V. You’ll also need to consider any additional testing or inspection fees if required, though these are generally low. The costs are fairly consistent and won’t vary much from year to year, making this one of the more predictable expenses in your annual budget.

Parking and Toll Fees

Depending on your location and lifestyle, parking and toll fees may also be part of your expenses. Toll fees in Saudi Arabia are generally low, but if you frequently drive through areas with paid toll roads, it’s worth budgeting a small amount each month. Parking fees depend on your location, with more populated areas requiring occasional paid parking.

Final Thoughts

The Honda ZR-V offers a great blend of style, reliability, and efficiency, making it an attractive option for those in Saudi Arabia looking for a dependable SUV with reasonable running costs. From the initial purchase and insurance to routine maintenance, understanding the cost of ownership helps with budgeting and ensures the ZR-V remains an enjoyable investment.

Overall, the Honda ZR-V provides excellent value in the compact SUV market, especially for drivers seeking a reliable vehicle for both city commutes and weekend road trips. By planning for recurring costs and potential expenses, you can enjoy the experience of owning a Honda ZR-V while confidently managing your budget.