Scrap Car Comparison: In which states is owning a car a luxury and where does it pay off the most? – PRAVDA.sk

Car owners must regularly pay taxes and fees for the operation of the vehicle. However, personal mobility is unequally costly in different parts of the world.




08/18/2021 06:00

With the purchase of a car, the costs of its operation are just beginning. In most countries of Europe, but also in the world, various taxes, insurance and fees must be paid regularly. Subsequently, the price of fuel and prices in car repair shops must be taken into account. However, all these costs will burden the car owner to the extent that he receives income. What may seem expensive somewhere may represent only a fraction of the investment elsewhere.

The UK online comparison portal Scrap Car Comparison has decided to compare the cost of buying and owning a car with the average annual earnings in the country. They managed to find all the necessary data in forty countries around the world, from which they compiled two rankings. The first represents the countries where car ownership is the most expensive compared to the average annual earnings and the second where car ownership is the cheapest.

Read also iSeeCars: Which cars drive the most kilometers?

To make the comparison as objective as possible, they calculated the cost of insurance, taxes and other fees for two worldwide models, the Volkswagen Golf and the Toyota Corolla. The resulting order was determined by percentages, and the higher the value, the more expensive the ownership of the car.

The people of Turkey have to spend the most money on car ownership. Specifically, it is up to 6.5 times the average annual earnings. Of the countries compared, Argentina came in second and Colombia came in third, where owning a car costs just over five annual salaries.

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As for the countries where the population needs on average the least money to own a car, it is probably not surprising that these are countries with a high standard of living. Although the local population usually has to bear a higher tax burden and pay higher fees, their average annual wage is so high that the car is not a significant item in their personal finances.

The cheapest is to own a car in Australia, where less than half of the annual earnings are enough. In second place is the United States of America and in third place is Denmark. Apart from Canada, only European countries can be found in the top ten in the top ten.

States where car ownership is most expensive by Scrap Car Comparison

The order State Costs in% of annual income
1. Turkey 652.29
2. Argentina 515.77
3. Colombia 508.93
4. Uruguay 443.68
5. Brazil 441.89
6. Ukraine 413.78
7. Guatemala 355.94
8. Mask 290.04
9. Mexico 285.20
10. Costa Rica 269.83

States where car ownership is cheapest according to Scrap Car Comparison

The order State Costs in% of annual income
1. Australia 49.48
2. USA 54.87
3. Denmark 60.34
4. Canada 64.40
5. Sweden 75.84
6. Germany 78.44
7. Netherlands 84.65
8. France 87.00
9. United Kingdom 89.36
10. Finland 91.58

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