PRACTICAL GUIDE · UTILIA WORK
How much does owning a car really cost each year?
Include fuel, insurance, maintenance, taxes and depreciation.
1 min read
Add visible costs
Calculate fuel or electricity, insurance, vehicle tax, servicing, tyres, inspections and parking.
Remember depreciation
Cars often lose value over time. To compare options, estimate the difference between purchase price and possible later value without treating resale value as guaranteed.
Annual example
€1,200 for fuel, €500 for insurance, €400 for maintenance and €200 for taxes and other costs totals €2,300 a year, excluding financing and depreciation.
General educational information. Examples are illustrative; check the conditions and rules applicable to your situation before making important decisions.
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