You are probably thinking of buying a car and want to know upfront about the costs that would take to own it since you arrived at this article. Having a car in Germany is necessary whether it being for committing to work, or going to the supermarket, or even just as a weekend getaway. How much will it cost monthly will change drastically based on many factors. We’ll look at some of these factors and hopefully paint you a picture of what’s to come.
Main costs.
The price on the lease of the car is something that needs careful consideration as that will add up a lot at the end of the month. Or maybe just get a used vehicle so that you don’t have the lease on your shoulders. Either way, you have to register your car as soon as possible.
There’s always the fuel costs so make sure to select a car that is economic and fuel-efficient. Depending on what the usage of your car will be you can change different factors like motor size and power so that it meets your needs.
Maintenance fees for changing oil filters and other parts that are prone to wear after consumption is something really important. You can make sure to keep your car in good technical shape but there are some things that need to be changed as a safety measure.
Insurance arguably is the most important thing you are going to spend money on your car for. It will cover and save you from regret and it’s common for most people to do find the right deal they want before they get the vehicle they want.
Expected
costs.
As I explained above the actual cost monthly for owning a car depends on the model, year, and a plethora of other factors so we can’t be precise here. However, the expenses can be divided into fixed and operating costs.
For the fixed category these include the tax rate which will depend on the year of registration and model of the car. Repairs and Inspections should be monthly in a perfect world and here in Germany, most people do that. Car insurance such as vehicle liability and partial or comprehensive insurance.
For the operating costs, you have fuel which will depend on your usage of the car. Some months you might have done a lot of driving and others are slower, this will directly impact your bill at the end of the month. Oil change and maintenance will also be dependant on the amount of travel that you do, more travel means more wearing down of components and filters so that means faster change.
In addition to the costs from Fixed and Operating expenses, you have also the depreciation of the car in the market with each passing month or year. You now have an understanding of what the expanses look like and probably can figure out where to cut off to save some money.
