Car costs at a glance: What you need to plan for your vehicle each month

Car costs at a glance: What you need to plan for your vehicle each month

The monthly budget for drivers is made up of various cost factors. In addition to the acquisition costs, which are covered by installment payments or leasing payments, operating costs such as fuel, insurance and taxes must also be taken into account. Installment payments can increase the overall price of a car, while paying the purchase price directly is often more cost-effective. When you lease, you pay monthly to use the car.

A significant expense for car owners is fuel costs. The price of gasoline has risen steadily in recent years, increasing monthly expenses for frequent drivers. In addition to fuel costs, insurance costs also play an important role. Motor vehicle liability insurance is required by law and varies depending on vehicle value, driving experience and insurance coverage. In addition, other insurance policies such as car insurance or passenger accident insurance can be taken out.

The vehicle tax depends on engine displacement, emissions class and CO₂ emissions. Since 2021, an additional fee has been charged for vehicles with higher CO₂ emissions, while more economical vehicles receive discounts. It is advisable to set aside money for unexpected repair costs as drivers are never immune to expensive repairs. By comprehensively calculating and planning your monthly expenses, you can keep the costs of maintaining a car better under control.