Good Tool LogoGood Tool Logo
100% Free | No Signup

Irish Vehicle Cost Calculator

Calculate the total cost of owning and maintaining a vehicle in Ireland

Additional Information and Definitions

Vehicle Value

Current market value of the vehicle

Deposit

Initial payment for the vehicle

Loan Term (months)

Duration of the vehicle loan in months

Annual Interest Rate (%)

Annual interest rate for vehicle financing

Monthly Distance (km)

Average monthly distance driven

Fuel Price

Price per litre of fuel

Fuel Efficiency (km/L)

Vehicle's fuel efficiency in kilometres per litre

State Motor Tax Rate (%)

Annual tax rate (e.g., 4%)

Annual Insurance Rate (%)

Annual insurance cost as a percentage of vehicle value

Monthly Parking Cost

Monthly expenses for parking

Monthly Maintenance

Average monthly maintenance costs

Annual Licensing Fee

Annual vehicle licensing fee

Estimate Your Vehicle Ownership Costs

Calculate motor tax, licensing, insurance, fuel, and maintenance expenses

%
%
%

Understanding Vehicle Costs

Key terms for your vehicle cost breakdown

Motor Tax:

Annual vehicle property tax, rate can vary by region.

Licensing:

Annual registration fees required for vehicle operation.

Depreciation:

Annual reduction in vehicle value, typically around 15%.

Financing Payment:

Monthly payment for the financed amount over the specified term.

5 Surprising Insights About Vehicle Ownership Costs

Owning a vehicle involves more than just the purchase price. Here are five insights:

1.Taxes Vary by Region

Motor tax rates or similar property taxes can differ dramatically, changing your annual costs significantly.

2.Insurance Complexity

Rates depend on your driving history, location, and credit score—two identical cars can have drastically different premiums.

3.Fuel Efficiency Matters

Better fuel efficiency saves at the pump and reduces environmental impact.

4.Maintenance Surprises

Regular servicing is cheaper than big repairs in the long run.

5.Depreciation Reality

Cars lose value quickly, especially in the first years, so factor in resale or trade-in value.