Find out which countries are more expensive to own a car: Portugal appears in ‘highlight’
Portugal is the fourth most expensive country in the world to own a car, according to a recent study by FINN Auto: parameters such as average annual income, average fuel prices, the most popular car and its cost were taken into account. , as well as the cost as a percentage of each country’s median annual income, to determine the countries where it is most difficult to own a vehicle.
And the conclusion? Portugal is not well represented in the rankings. In addition to being the fourth worst country to own a car, it is also in the top 5 countries with the least affordable fuel. But here we go…
Owning a car is by far the easiest and most convenient way to travel: the decision rests with the owner, who is free to go anywhere at any time. However, it is increasingly difficult to own a car. So, which countries are more expensive?
It is in North America that we find the worst country in the table, Mexico (with 9.7 out of 10), which is penalized by high fuel costs, as well as the third highest cost of the most popular car, the Nissa Versa (valued at 15,057 euros, when the average annual income is… 15,643.69 euros). Estonia (8.79) follows due to the price of the car of choice – the Toyota RAV4, at 31,700 euros – in relation to the average annual income (31,601.61 euros). Lastly, worse than our country, there is Latvia (8.64), in Eastern Europe, which is part of the group of the top five in terms of the price of a car in proportion to income, but also the top 10 in terms of the proportional price of fuel.
So we come to Portugal: let’s look at the data. The Renault Clio (19,780 euros) is the favorite car of the Portuguese, who earn an average annual income of 28,318.43 euros – that is, it corresponds to 69.36% of the annual income. Our country presents, as a penalizing factor, an average fuel price of 1.69 euros.
At the opposite end of this ranking are Luxembourg, the United States and Australia.
But continuing with the national performance: Portugal appears in 9th place when analyzing the countries with the least affordable cars, a table led by Estonia. Israel and Mexico follow. Japan, France and Luxembourg are the countries where it is cheaper to own a car. But our country is heavily penalized in terms of fuel prices depending on income, with Portugal occupying fifth place in the ranking, surpassed by Mexico, Slovakia and Greece.
In Portugal, consumers spend 0.12% of their monthly income on fuel, a percentage surpassed only by Mexico (0.22%), Slovakia (0.15%) and Greece and Hungary (0.14%).