Do you need a car?

Few of us add up all the costs, but car ownership is one of the costliest things people do on an ongoing basis in life. While the day to day costs of petrol are significant, the annual costs of motor tax and insurance and servicing should also be factored in, while the depreciation associated with the capital outlay is the largest cost of all.

Other costs vary from person to person. The cost of parking, time, stress, fines and risk are significant.

When all costs are added up, the total cost is extremely large, just see for yourself.

CO2 Emission Bands Band A Band B Band C Band D Band E Band F Band G
Car Value 10,000 12,500 15,625 19,531 24,414 30,518 38,147
Motor Tax 104 156 302 447 630 1,050 2,100
Insurance 500 575 661 760 875 1,006 1,157
Depreciation 1,250 1,563 1,953 2,441 3,052 3,815 4,768
Interest on Capital 500 625 781 977 1,221 1,526 1,907
Parking 300 300 300 300 300 3,909 3,909
NCT 25 25 25 25 25 25 25
Servicing and Replacements 250 313 391 488 610 763 954
Petrol/10,000km 980 1,120 1,260 1,400 1,540 1,680 1,820
Oil/10,000km 10 13 16 20 24 31 38
Tyres/10,000km 100 125 156 195 244 305 381
4,019 4,814 5,845 7,054 8,521 14,109 17,060

The most common cars in Ireland are in Band C. At a running cost of €5,845 per year, how many buses, taxis, trains and car rentals would that pay for?

Average Price Trips for the same price
Train 30 195
Local Bus/train 2 2,923
Inter-city Bus 15 390
Car Rental/day 100 58
Taxi 20 292
Walks/Cycles <1 1000s

Do you need a car?

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