Is it cheaper to buy a car in Germany?
Financial benefits. One of the main advantages of buying a car in Germany is the price. In Portugal, cars tend to be more expensive than in other European countries. Even after all taxes and legalization fees, a car from Germany can still be significantly cheaper than similar models on the Portuguese market. Germany welcomes foreigners to purchase cars. As an expat, you have the same rights as German residents when it comes to buying a car. Whether you’re a student, professional, or retiree, you can freely explore the German car market and find the vehicle that suits your needs.
What is the average price of a used car in Germany?
In Germany, the average cost of a new car is around 35,000 euros, while the price of a used car is around 18,000 euros. However, these figures may vary depending on the model, and equipment of the vehicle. The average tax on new cars is around 200 euros per year, and the cost of car insurance is also typically higher. A good salary in Germany depends on your field, experience, and lifestyle aspirations. Generally, a salary between €64,000 and €70,000 gross annually is considered very good. This translates to a net salary of around €40,000 to €43,000 per year, offering a comfortable standard of living in most German cities (source).As of 2024, a single person estimated monthly cost of living in Germany is between ₹52,700 – ₹115,600 (€620 – €1,360).
What’s the best age to buy a used car?
For most buyers, the sweet spot for a used car tends to be around three to five years old and here’s why: Depreciation Slows Down – The biggest drop in value has has already happened, meaning your car’s likely to hold its price while you own it. However, the older a vehicle gets, the more you need to factor in the potential for repairs and the cost of maintaining an aging car. A well-maintained 7-8-year-old car with a solid service history can still be a reliable choice, but anything older may begin to show wear, both mechanically and aesthetically.The older a vehicle, the less it’s worth. Again, this is because it’s more likely to need repairs at some point, but also because it will fall behind the standards of newer models. Ultimately, car age and mileage both matter when buying a used car.A vehicle older than 8-10 years is cheaper but riskier, as breakdowns might be more frequent depending on its driving and maintenance histories. Cars 15-20 years old are nearing the end of their service lives. While they’re the cheapest to buy, unexpected and costly repairs can upend the lower initial cost.
What is the oldest second-hand car you should buy?
When shopping, is there a best age for purchasing a used car? Cars are usually reliable for up to five years if they’ve been looked after. But a well-maintained 10-year-old car could be a better investment than a newer model that hasn’t been cared for as well. It would be better if you can confirm the reason for the sale. People may think of selling a less-used car due to accidents or repeated defects. Buying from a trusted used car dealer is the suggested way to prevent buying the wrong car. Buying a second-hand car that is up to five years of age might be preferable.