Germans love their cars
The Germans favorite child is the car. This old saying has not lost its validity even in times of car-sharing and far-reaching mobility offers.
The Germans favorite child is the car. This old saying has not lost its validity even in times of car-sharing and far-reaching mobility offers. Four out of five Germans own at least one car and many even have several vehicles, as a recent study shows.
Monthly almost 240 euros running costs for the car
A private car is clearly a cost factor and this is not limited to the purchase of cars: on average, 239 euros add up the running costs, the car owners pay monthly for their vehicle. This was determined by the market research institute GfK as part of an investigation for the Bank of Scotland. Men spend 270 euros per month on average much more for their car than women with 204 euros per month.
This is not surprising, because many women prefer smaller vehicles than men, which should also be reflected in the expenditure on vehicle tax and insurance.
Almost half of the car purchase itself can be done entirely from its own savings. At 22 percent, the existing reserves were not fully sufficient, so they resorted to partial financing. Another 14 percent financed their vehicle purchase completely by credit.
Men are willing to spend more on car financing
Given the price of vehicles, which are often in the five-digit range even for used cars, it is not surprising that the car purchase is still the most common reason for borrowing. 62 percent of all loans are raised for this purpose. On average, the Germans can make friends with a monthly loan of up to 237 euros for the financing of their car.
Also in the rate figure shows again that men obviously care more about their cars than women. Their pain threshold is already at 198 euros, while men would loose on average up to 266 euros for paying off their car. But despite all the costs: want to give up a car or can be the least. A total of 80 percent of Germans are car owners. 64 percent have a car, 16 percent even two or more.
In Berlin alone, the ratio of car owners and persons without a vehicle of their own holds the balance; in all other federal states, the proportion of car owners predominates. Also at the bottom of the list of car owners are the two other German city states Bremen and Hamburg.
This is not surprising, because in general, the proportion of car owners in large cities with more than 500,000 inhabitants with 69 percent is significantly lower than in small towns with less than 20,000 inhabitants.
Car many more important than Christmas
How important Germans are to their cars can also be seen from their willingness to give up. 39 percent would forgo their car for short trips. More than a quarter (28 percent) would even make big celebrations like Christmas or birthdays when it comes to financing their own car.
For men, even a third party owns their own car more than Christmas. Even with the annual main vacation, 27 percent would cut back if they had to save costs in favor of their car elsewhere. However, the fun ends with the television – only 13 percent would do without it.