The Peugeot 5008, a sleek and versatile SUV, has gained popularity among families and adventure enthusiasts in Saudi Arabia. With its spacious cabin, cutting-edge technology, and French flair, the 5008 stands out in the competitive midsize SUV market. However, understanding the full cost of owning a car goes beyond the initial purchase price. The Peugeot 5008 is one of the best cars under SAR 180,000. In this blog, we will break down the expenses associated with owning a Peugeot 5008 in the Kingdom of Saudi Arabia (KSA) to help prospective buyers make an informed decision.

New car price
The first major cost component is the initial purchase price of the Peugeot 5008. In KSA, the price of a brand-new Peugeot 5008 can range between SAR 129,000 to SAR 169,000 depending on the trim level, optional features, and dealership offers. This SUV is offered in various versions with different engine choices and equipment levels, which makes the pricing flexible based on preferences.

Buyers often have the option to purchase the vehicle outright or finance it through instalment plans. Dealerships and banks offer various financing options, with monthly payments ranging from SAR 2,000 to SAR 3,500 depending on the down payment and loan terms. It is important to carefully evaluate different financing deals to find the one that best suits your budget.

Registration and Licensing Fees
Upon purchasing the vehicle, you will need to consider registration and licensing fees. In Saudi Arabia, vehicle registration is mandatory and involves certain government fees. The cost of registration for a vehicle like the Peugeot 5008 generally starts from SAR 300 to SAR 600 annually. This cost also includes the issuance or renewal of license plates.

Insurance Costs
Car insurance is another significant aspect of ownership. In KSA, it's mandatory to have car insurance to cover potential damages or liabilities. Insurance for a Peugeot 5008 typically comes in two forms: Third-Party Liability Insurance and Comprehensive Insurance.

Third-Party Liability Insurance: This covers damages you may cause to other vehicles or property and is the minimum legal requirement in Saudi Arabia. It costs approximately SAR 1,000 to SAR 1,500 annually.
Comprehensive Insurance: This type of insurance offers broader coverage, including damages to your own vehicle in case of accidents, theft, or natural disasters. The cost of comprehensive insurance for the Peugeot 5008 can range between SAR 3,000 to SAR 6,000 annually, depending on your driving history and the value of the car.

Fuel Costs
The Peugeot 5008 comes with a range of efficient engines, including turbocharged petrol and diesel options. In Saudi Arabia, the petrol prices are relatively low compared to global standards, making it more affordable to own a car with a larger engine. The Peugeot 5008 has an average fuel consumption of 6.5 to 7.5-litres per 100 km, which translates to approximately SAR 400 to SAR 500 per month for an average driver covering 1,500 km monthly.
However, it is important to note that fuel costs can vary depending on driving habits, road conditions, and the engine type.

Maintenance and Service Costs
Regular maintenance is key to ensuring your Peugeot 5008 remains in top condition. Peugeot offers a scheduled maintenance program, and the costs depend on the mileage and age of the vehicle.

Routine Service: The cost of a routine service, which is usually recommended every 10,000 to 15,000 km, ranges from SAR 800 to SAR 1,200 per visit. This includes oil changes, filter replacements, and other essential checks.
Major Service: Every 40,000 to 60,000 km, a major service is required, which is more comprehensive and includes additional replacements such as brake pads, timing belts, and spark plugs. This can cost between SAR 2,000 to SAR 3,500.
Peugeot provides a warranty of up to 5 years or 100,000 km, which covers some maintenance and repair costs, helping to reduce the burden during the initial years of ownership.

Depreciation
Depreciation is an often-overlooked cost of car ownership, but it is essential to consider if you plan to resell your vehicle in the future. Like most cars, the Peugeot 5008 depreciates over time. In the first year, the vehicle may lose about 20-25 percent of its value, and after five years, the depreciation rate could reach 50 percent. This means if you purchase a 5008 for SAR 150,000, its value may drop to around SAR 75,000 after five years.
While depreciation is an unavoidable aspect of car ownership, Peugeot’s reputation for quality and reliability can help retain better value compared to some competitors.

Toll Fees and Miscellaneous Costs
With the development of new roads and highways in KSA, toll fees are becoming increasingly common. Depending on your daily route, you may incur additional costs for tolls, which could be around SAR 100 to SAR 300 monthly.

Additionally, miscellaneous costs like car washes, tire replacements, and occasional repairs also need to be considered. Keeping aside SAR 1,000 to SAR 1,500 annually for these expenses can help manage these costs effectively.

Conclusion: Is the Peugeot 5008 Worth It?
Owning a Peugeot 5008 in Saudi Arabia involves several costs beyond the initial purchase price. When adding up the cost of financing, insurance, fuel, maintenance, and other expenses, the total annual cost of ownership can range between SAR 25,000 to SAR 35,000, depending on individual circumstances and driving habits.
The Peugeot 5008 is a versatile, stylish, and spacious SUV with a host of advanced features and safety technologies, making it an excellent choice for families. The comfort, practicality, and performance it offers can justify the overall cost of ownership for those seeking a reliable family vehicle in KSA. However, it is crucial to factor in all costs to ensure that it fits your budget and provides value for your money in the long run.