Car – what does it really cost to have it?

A car is nice to have, but do you know what it costs you a month at all?
There are many things to consider when figuring out the cost of a car per month. Many points exist, and some of them are variables.

Many will probably be surprised at what it costs them each month to have a car. There can be a big difference in what such a cost for a family to have running. A good advice is to make a budget on having a car. However, the problem with a car is that unforeseen bills can often occur if the car breaks down or it needs a new tire. Some things can be predicted, while sudden repairs can be difficult. Here it can be both new and old cars. However, it will usually be older cars that require a lot more attention from your purse, but they are often cheaper to acquire than a newer car.

What points to consider?


This article is about telling you what it costs to have a car. To find out, one has to find the points related to the cost of a car.
As mentioned earlier, there are several points that are variables, so it can be difficult to set an accurate budget for a car.

The points here are the most commonly used when it comes to having a car:

  • Loan
  • Insurance
  • Green Ownership Tax
  • Fuel (variable)
  • General maintenance (variable)
  • Unforeseen maintenance (variable)
  • Roadside assistance
  • Washing and cleaning

When you buy a car, you have to look at what it costs to have a car before you buy it, otherwise the wallet may end up empty before you look around.

It can be easy enough to figure out the price if all the points are fixed, but in the case of a car, it can be hugely difficult.

Such a thing as fuel can be a difficult size to deal with

Such a thing as fuel can be a difficult size to deal with

For how much is actually spent each month. It’s easy enough to figure out what it costs to drive back and forth to work every day. Here the amount will not fluctuate much every month. However, it will matter if you are one of those driving a long way to work and depend on the price of a liter of fuel.

Another variable may be the regular maintenance . This includes service. Service is oil and oil change, spark plugs, windshield wiper brakes and what ever else. Here the price also fluctuates as there is a difference between how much to make for each service of the car.

Unforeseen maintenance is also one of the variables that can be difficult to set a fixed number. Here are the things on the car that break when you least expect it. It may be the exhaust that breaks, or a wheel that punctures and breaks, so a new one needs to be bought.

budget summary


There are several websites on the web that offer to calculate what it costs you to have a car. One of the best calculators, which is also the most reliable, is the one found at FDM. It contains many of the points needed to calculate what it will cost you per month to maintain a car.

Car purchase

Car purchase

The car itself represents value and it must be paid for in one way or another. If it is a cheap car, you may be able to finance it yourself. If, on the other hand, it is a newer car of a spacious size, it often requires that you take out a car loan in order to buy the car.

When buying a new car, be aware that the loss of value is significantly greater than it is on an older car. Just driving from the car dealership costs you money, because the car is already falling sharply in value.

One thing to be aware of when buying a car to borrow money is the interest rate. Find a loan where the interest rate is low and where the loan repayment fits your finances.
When you have a car, there are two types of insurance. A liability insurance that is statutory in Denmark and a hull insurance that has some extended coverage in relation to the liability insurance. You can read much more about liability insurance and hull insurance at our guide here at Major Major.
You cannot do without insurance when you have a car, so you have to settle for yourself about the value of your car. Can you finance another car yourself if the old one is totally damaged.

There is a big difference between the prices of an insurance policy and there are many variables that determine what you should pay for your insurance. You can also read this much more in our guide.

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