Car Economy

/CAR ECONOMY
CAR ECONOMY2018-08-16T12:19:49+00:00

HOW MUCH DOES IT COST TO RUN ONE OR MORE CARS?

Lots of families still own a car even though maintenance costs can be astronomical.
But how much does the average motorist spend on his or her car?

A survey carried out recently by Facile.it in 2015 shows that owning a family car costs far more that basic necessities do.

For the average Italian family, the financial cost of running a car represents 25% of their total annual income, a lot more than the 19% they spend on basic essentials.

UNEXPECTED ADDITIONAL EXPENSES INVOLVED IN RUNNING A CAR

The 2015 survey by Facile.it reveals that a Ford Focus 1.6 Diesel, driven by a
householder approximately 40 years old and covering around 15,000 kilometres annually, costs on average €3741 every year.

This figure includes insurance, vehicle licence fee, fuel, repairs, maintenance and new tyres, but doesn’t include a number of other elements that can seriously increase the average cost of running the car – unexpected events.

Road accidents, theft, adverse weather conditions, vandalism, unscheduled maintenance, etc., all these annoying eventualities can more than double the average cost of running a vehicle.

WHAT’S YOUR SITUATION?

ANNUAL COST OF RUNNING A CAR FOR A TYPICAL ITALIAN FAMILY

1A single person spends on €3,797 per year on running a car.

2A couple without children spends on average €6,957 a year on running a car.

3A family with 1 child spends on average €9.958 per year on running a car.

4A family with 2 children spends on average €12.959 per year on running a car.

FINANCIAL IMPACT ON THE FAMILY

A FAMILY SPENDS ON AVERAGE UP TO 25% OF THEIR INCOME , ON RUNNING A CAR, IN COMPARISON WITH 19% ON FOOD.

Most families couldn’t manage without their car for their everyday routine, and are forced to cut down on a family budget that’s already very tight.

According to a survey by Codacons, Italian families can spend up to 25% of their annual income on running a car;
a much higher percentage than the 19% they spend on basic essentials.

In these difficult economic times, we asked ourselves two questions:

  1. IA THERE ANY WAY TO CHANGE WHAT FAMILIES PAY?
  2. CAN WE REDUCE THE COSTS FOR FAMILIES IN REAL TERMS?
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