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Wednesday, 19 May 2021

How Much Does it Cost on Average to Own a Car?

The autonomous car will leave a trail of losers in its wake. All electric cars with discount and aid for the Moves plan in Spain. All electric cars with discount and aid for the Moves plan in Spain.


A study indicates that autonomous cars will worsen urban traffic when they prefer to continue circulating than paying for parking. A study indicates that autonomous cars will worsen urban traffic when they prefer to continue circulating than paying for parking. You should also investigate the cost and maintenance of Diesel parts of a car that you will buy. 

The cost of owning a car goes far beyond the outlay that we must make when buying it. Fuel, repairs, maintenance, taxes... There are many expenses that must be added to that first investment.


It may even be that, by doing the numbers, we can see that other options are more profitable. Perhaps a combination of bicycle, public transport or renting a vehicle for hours or days, depending on the need at the time. Be that as it may, this is what it costs on average to own a car .

Average price of a new car

According to data from the Tax Agency , in Spain the average price of vehicles registered until October 2020 is 19,081 euros , registration tax included. A surprising increase from 2017, which was 17,000, or 2019, which was 18,000.


The average price of a car in Spain is around 19,000 euros


Average life of a car


Car Owned 2


According to the data handled by Anfac , the average age of the vehicle fleet in Spain is 12.65 years , which has been growing steadily since the beginning of the crisis in 2008. It is not exactly the average life of a car, but We are going to use it as an estimate of its useful life and we will assume that we will use the car for 13 years.


The average age of the Spanish fleet is 12 years


Kilometers per year


An average driver does almost 13,000 kilometres a year


Another important aspect is the number of kilometers that we do to the car, since it will influence the cost of fuel and maintenance. According to the Arval mobility study published in 2020 , the average running time of private cars in Spain is 12,646 kilometers per year . That means that, in 13 years, it will have traveled about 165,000 kilometers.

Fuel Cost

The price of diesel and gasoline is free in Spain, which causes it to fluctuate a lot. If we take as data the average price of the last five years -from 2015 to 2019- , the liter of diesel A stands at 1.15 euros , while that of gasoline 95 is 1.25 euros. 


Only in fuel, each kilometer costs 0.059 euros.


According to the latest data from the DGT (2019), the number of passenger cars amounted to 10,939,069 gasoline (43.1%) and 13,510,143 diesel (56.9%). So, weighing these data, we can estimate the average cost per liter of fuel is 1,195 euros.


If we add that the average consumption of new vehicles has been below 5.0 liters / 100km , we obtain a cost per kilometer of 0.06 euros in fuel.


Fuel Price


Insurance price


According to data from Kelisto , in 2019 the average price of insurance in Spain is around 660 euros per year (combining comprehensive insurance and third party insurance). In total, 7,580 euros over 13 years.


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