Expenses for a car equal to the installment loan – Saving

 

Car is a work tool

On June 6 we celebrate the International Car Free Day. On this occasion, Home Broker checked how much Poles spend on daily commutes. Although for many people the car is a work tool and they cannot even imagine that the car could be sold, but it is worth being aware that the savings made in this way could build significant capital in the long run.

Automotive consumes PLN 150 million every day

Daily cost of a car

Daily cost of a car

On a national scale, leaving cars in parking lots for just one day can mean savings of millions of zlotys. If we assume that approximately every third Pole resigned from entering “behind the wheel” for the benefit of a bicycle or public transport, about 5 million vehicles would not go on the road. This means potential daily savings of PLN 150 million. The daily cost of using one car can be estimated at over PLN 30 (fuel, consumption, insurance).
The costs of fuel, compulsory third party liability insurance, service, car wash, parking fees etc. were taken into account, because it is important to remember that fuel prices at stations make many car users dizzy, but buying gasoline is often responsible for less than half the cost of ownership and car use. But what does an average citizen of Republic drive? TAX Boops presented the latest research on this topic in 2010. According to him, at that time, compatriots planned to spend on average 15.5 thousand on car purchases.

Given the increase in wages from 2010 to today, it can be estimated that this amount has increased to around 17,000. Golden. Information from the auto center portal would indicate that very often the choice of buyers falls on ApsTra. The rating of this particular model consists of the most opinions of users of the said website. According to Taxclex data, the model from 2008 equipped with a 1.4 engine travels on average 18,500. kilometers per year. This involves a service and fuel cost of around 9.7 thousand. PLN annually. To this should be added the cost of insurance, car washes, parking lots, which can be carefully estimated at 1.5 thousand. PLN annually. By dividing these costs for 365 days, a result of PLN 30.8 was obtained. That is theoretically how the average car owner could save by resigning from using it for one day.

Estimated Potential Savings

Estimated Potential Savings

There is also a chance that during the International Car Free Day in large cities a person who resigns from commuting to work by car will not have to pay for public transport. Cities usually provide this form of promotion on this occasion. On the other days of the year, when estimating potential savings, one should take into account, on the one hand, the cost of season tickets (e.g. in Warsaw, a normal 30-day ticket costs PLN 100) and the cost of tickets in intercity transport, and on the other, the amount that can be obtained from the sale of a car. For the sake of simplicity, these amounts have been omitted in the calculations.

PLN 150 million would be enough in Warsaw to buy almost 23,000 sq m of usable floor space of apartments – according to Home Broker data. Approximately 500 average two-room flats (45 sq m) would have such an area. What’s more, for the same amount you could buy almost 900 “two” from Lodz or Katowice, where apartment prices are much lower than in the capital.

How much can you buy for PLN 150 million?

City

Average transaction price for the last 12 months

Available area for PLN 150 million

(in sq m)

Number of two-room apartments available for PLN 150 million

Warsaw

PLN 6 558

22871

508

Cracow

PLN 5,793

25892

575

Poznan

PLN 5,348

28050

623

Wroclaw

PLN 5,328

28151

626

gdańsk

PLN 4,797

31267

695

Lublin

PLN 4 316

34751

772

Bydgoszcz

PLN 4 222

35529

790

Szczecin

PLN 4 154

36114

803

Katowice

PLN 3 859

38866

864

Boat

PLN 3,754

39955

888

 

Instead of the steering wheel a few meters of the apartment

Instead of the steering wheel a few meters of the apartment

What does this situation look like for one household? The potential savings are of course lower, but still significant. If we assume that the average passenger car user has to take into account the expense of PLN 30.8, it would give about PLN 940 a month, and 11.2 thousand a year. PLN – according to Home Broker estimates. Annual savings due to resignation from a passenger car would therefore allow the purchase of less than 2 to 3 sq m of an average flat in a voivodship city. As a result, after just a few years spent behind the wheel of a bicycle, not a car, you could save the amount necessary to buy a modest studio apartment in these cities.

The surface of the apartment is available for purchase for 11.2 thousand. zł

City

Average transaction price for the last 12 months

Available for purchase for 11.2 thous. PLN (in sq m)

Warsaw

PLN 6 558

1.7

Cracow

PLN 5,793

1.9

Poznan

PLN 5,348

2.1

Wroclaw

PLN 5,328

2.1

gdańsk

PLN 4,797

2.3

Lublin

PLN 4 316

2.6

Bydgoszcz

PLN 4 222

2.7

Szczecin

PLN 4 154

2.7

Katowice

PLN 3 859

2.9

Boat

PLN 3,754

3.0

 

… or even two rooms

... or even two rooms

However, it should be remembered that around three out of four properties are bought in Poland using a mortgage. Therefore, it is worth considering what amount can be obtained by allocating the saved PLN 940 for debt service – provided, of course, the potential borrower would have adequate creditworthiness. Assuming that the loan would be taken in the native currency for a period of 30 years with an interest rate of 4.5%, you can count on 184.2 thousand. PLN from the bank. This amount is enough to buy over 27 sq m of an average flat in Warsaw. You can buy over 40 sq m with the assumed budget in Lublin, Bydgoszcz, Szczecin, Katowice and Łódź, where the price level is even more affordable.

The surface of the apartment is available for purchase for 180,000 zł

City

Average transaction price for the last 12 months

Available for purchase for 180 thousand PLN (in sq m)

Warsaw

PLN 6 558

27.4

Cracow

PLN 5,793

31.1

Poznan

PLN 5,348

33.7

Wroclaw

PLN 5,328

33.8

gdańsk

PLN 4,797

37.5

Lublin

PLN 4 316

41.7

Bydgoszcz

PLN 4 222

42.6

Szczecin

PLN 4 154

43.3

Katowice

PLN 3 859

46.6

Boat

PLN 3,754

47.9

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