1. Repair expenses. According to the calculation by Osuuspankki “the car repair expenses are difficult to estimate in advance but the good quality car which is made in end of the 2000 the repair expenses can be rather low. In our calculation the average repair expenses is 300€ per year.” For older car the repair expenses that cannot be estimated in advanced can be even thousands euros.
2. Car worth decline. According to the calculation by Osuuspankki “the average car woth decline in a year is 12%. It depends much on the car model and the age of a car. For example the Toyota Avensis which was used in the calculation the car worth decline is 7% in a year which means that in the first year the car worth decline is 525€.”
3. Financing cost of a car. According to the calculation by Osuuspankki ”7500€ unsecured flexible credit total cost with five years and three months loan period is 9349€. In addition to that the loan management costs are 360€ per year. Total financial costs per month are 150€.”
4. Other car maintenance expenses are for example washer fluids and washing the car. For example if you wash your car once a month the yearly expenses are 300€ just for washing your car.
If all these estimated other expenses are added to the value that the calculator gave you, you can now add 1500€ in a year when you use your own car.