Who am I kidding? people worried about the rising cost of transportation take the bus. Or the FX shuttle. Or the tricycle.
It takes approximately 160 pesos for Lalai and me to commute to and from the office. That's inclusive of the tricycle ride in the morning, a
loooooong line at the FX shuttle terminal, a jeepney ride from Salcedo Village to the MRT terminal in the evening, and another FX ride.
That's approximately 25 km travel distance (both ways). For a cost of approximately 6.4 pesos per kilometer. This same 25 km would take about 3.3 liters of fuel to traverse, for a fuel cost of about 130 pesos per day or 5.2 pesos per kilometer.
Aha! driving is cheaper than commuting! I am tempted to conclude.

Unfortunately, an aging (
thirteen year old), midsized Japanese car of dubious provenance is rather expensive to maintain. Over the last three years, I calculate that total non-fuel operating cost hovers around 45000 pesos a year, inclusive of the incessant repairs, comprehensive insurance, and registration. This is based on about 8000 km travel per year. So, maintenance costs (other than fuel) are roughly 5.6 pesos per kilometer.
So the actual cost of operation is 10.8 pesos per kilometer.
And that's not even including the acquisition cost of the vehicle. If you look at a typical 10-year old midsize Japanese car, they go for around 180k to 200k. Over a 24000-kilometer period of ownership, 200k is about 8.3 pesos per kilometer. For a grand total operating cost of around
19 pesos per kilometer.
Moral of the story: as David over on
Tsikot.com said so succintly, the car-owning experience is very much like taking the taxi everyday.

However, let us compare these costs to a more contemporary problem. I believe Mazda Philippines has a current promotion on the Mazda3 1.6L 'S' variant where the victim, err, car buyer puts down 88888 pesos for the downpayment and pays another 16000 pesos per month for the next five years. Kind of indentured servitude.
So that's about 1050k acquisition cost. Add 120k for insurance and registration (for five years' worth) and 25k for maintenance (we're assuming nothing breaks, since this is a new car under warranty). Assuming 8000km per year, total non-fuel operating cost is
30 pesos per kilometer. Add fuel cost of 5.2 pesos per kilometer (the Mazda3 is not any lighter than the GE model Mazda 626, and it has an automatic transmission, so I assume even with the smaller engine it will guzzle just as much fuel) and the total cost of that "new car smell" is 35 pesos per kilometer or almost twice the cost of purchasing and maintaining a ten-year old car.
But there's a catch: after five years, you can then dispatch the by-then squeaky and rattly Mazda3 for, say, half its original price. So you get back 375k worth. Bringing down your cost of ownership to 26 pesos per kilometer. Hmmm.. all of a sudden that doesn't seem so bad versus contending with an ancient car that could have parts fall off or break down without warning.

The case is even better if you choose Toyota. The Corolla Altis 1.6 'E' variant costs about the same as the Mazda3 'S' variant. But, Toyota has unrealistically high resale values in the Philippines. You could probably get 450k back. Plus, the VVT-i engine of the Toyota is more fuel-efficient than the S-VT mutant Ford/Mazda engine in the Mazda3. So going the Corolla way would probably cost around 23 pesos per kilometer. Even closer to used-car territory.
Of course there's that massive monthly amortization always hanging over your head. I have been telling Lalai that if we put aside even 3500 per month for the upkeep of our old car, we can restore it to non-demoralizing condition rather quickly. And best of all, we won't be paying anything other than fuel costs.