The monthly costs of a private car are listed

The cost of a car is not limited to the purchase price. But how much does your own car actually cost you per month? Autovisie lists the fixed costs.

Anyone looking for a car faces a number of important decisions. Lease privately or buy? And if you decide to buy your own car, are you looking for a used car or a new car?

depreciation of the car

This in turn affects the monthly costs that you as a car owner have to reckon with. For example, new cars depreciate more, but as a used car buyer you have to expect higher maintenance costs.

Nevertheless, from a financial point of view, a young used car is often the better choice, according to Nibud. Depreciation is the difference between the purchase price and the residual value at the time of sale. These depreciation costs are very high, especially in the first few years after buying a new car. This is therefore out of all proportion to the slightly higher maintenance costs of young used cars.

Other costs for car owners

You also need to factor in fuel costs, road tax, and insurance costs. These are all variable costs. Your fuel costs depend on the consumption of your car, the road tax (to be calculated here) depends on the weight, the type of fuel and the pollutant emissions of your car. Claiming years, age, place of residence and the type of car play an important role in the insurance premium. .

We have now named all the monthly costs, but you really don’t know how high they are in relation to each other. As previously mentioned, this varies from person to person. But of course we want you to leave this article satisfied, so here is an example calculation with an average car owner.

Cost per month for the average car owner

The average car drives around 11,000 kilometers per year, which is almost 917 kilometers per month. We take a five-year-old Volkswagen Golf as the car, because that is now the most popular used car. In this example, you have owned it for ten years. Insurance depends enormously on your personal situation, but luckily you can easily calculate your insurance premium online. In this example we calculate with liability + insurance.

We assume a purchase price of 18,500 euros. Depreciation is difficult to calculate, but in this example we assume a depreciation rate of 15 percent per year. For the sake of simplicity, we also assume a consumption of 1 in 16 and a petrol price of 2.20 euros. The table below shows how much money you will spend each month in this scenario.