The annual LeasePlan CarCost Index provides an overview of the total cost elements of a car in the C-segment. This analysis is based on factors such as purchase price, depreciation, insurance, repair costs and maintenance, taxes and fuel costs.05/02/2016
The Netherlands is the most expensive country in Europe to drive a car. On average, Dutch motorists spend between € 600 and € 800 on their cars each month, depending on their fuel choice. In Germany and the Czech Republic however, monthly costs are significantly lower, particularly for diesel cars. The cost of driving a diesel car can vary as much as € 350 a month across Europe. These are just a few of the findings of the LeasePlan CarCost Index, a recent study of the costs of car ownership and usage in 11 European countries.
This is the first time that all the cost elements of an automobile have been mapped out in such detail at an international level using this index methodology. LeasePlan drew upon its knowledge and experience from its own multi-branded fleet for the Index survey. The research shows that the average cost of driving a petrol car in the Netherlands is € 660 per month; and € 805 for a diesel car. In Germany, the monthly average is between € 418 (petrol) and € 454 (diesel). This is comparable to costs in the Czech Republic (€ 406 (p), € 455 (d)). Driving a car in the United Kingdom and Sweden is more expensive, respectively € 600 (p) / € 630 (d) and € 582 (p) / € 576 (d).
Total cost elements of a car
The annual LeasePlan CarCost Index provides an overview of the total cost elements of a car in the C-segment (20,000 km per year, on the basis of three years). This analysis is based on factors such as purchase price, depreciation, insurance, repair costs and maintenance, taxes and fuel costs. Fixed costs, such as maintenance and taxes, represent 70% of the total cost ─ indicating that motorists have minimal influence on the overall cost. Depreciation is the largest of these fixed costs, representing 36%.
Sven-Torsten Huster, Chief Operating Officer of LeasePlan: "Statements are often made that certain European countries are more expensive for motorists compared to others. Yet there was insufficient research to confirm these suspicions until now. In order to compare European markets you must thoroughly understand them and have insight into regulatory differences. There is much more to take in to consideration than just purchase price or taxes. Therefore we always recommend that motorists consider the bigger picture when they decide to buy or lease a car, whether secondhand or new.”
Fuel costs impacted by high taxation
Within Europe, the fuel costs are highest in Italy. This is mainly due to the high VAT rate, a result of the economic crisis. Switzerland deviates the most when it comes to diesel cars. The Swiss government has been taxing this fuel type heavily for years because of its higher levels of NOx and particulate emissions. On the contrary in the Netherlands, the price of a liter of diesel is significantly lower than the price of a liter of petrol.
About the LeasePlan MobilityMonitor and CarCost Index
The future of mobility and the vehicle leasing industry are being shaped by accelerating economic, technological and social developments. LeasePlan aims to unlock valuable knowledge about global mobility throughout its network of companies in 32 countries worldwide. The LeasePlan MobilityMonitor makes it easier to stay up to date on key developments and to make informed decisions concerning fleet management and driver mobility.
The CarCost Index is part of LeasePlan’s MobilityMonitor. The Index analyses the overall costs of owning and operating vehicles in 11 countries: Belgium, Czech Republic, France, Germany, Italy, the Netherlands, Poland, Spain, Switzerland, Sweden and the United Kingdom. The study was recently conducted by LeasePlan and will be repeated annually.