The cost of a car doesn’t end with its purchase price. Consider all the associated costs before purchasing a new vehicle. Whether it’s for the car itself, insurance, or a loan, shop around for the best deal from different suppliers.
The road tax (TMC)
The road tax (TMC) is a one-time tax you pay to use your car, whether new or used. The amount depends on its power and/or environmental impact, and the region in which you reside.
The road tax
Road tax is an annual tax. It is calculated based on the car’s power, cylinder capacity, or maximum authorized mass (MAM).
After registering the vehicle, you automatically receive an invitation to pay the tax every year.
What is meant by “car insurance”?
Compulsory insurance called RC Auto (civil liability of motor vehicles) .
Non-mandatory supplementary insurance such as comprehensive and mini-comprehensive insurance , driver insurance , legal protection insurance , assistance insurance .
Auto liability insurance covers your liability for any damage you may cause to other people with your vehicle . The premium you pay for this insurance is calculated based on a number of criteria, such as your driving history, the value and power of your vehicle, and how you use it.
For this reason, it is often supplemented by other coverages such as comprehensive and mini-comprehensive insurance, legal protection, driver insurance, and assistance insurance, for which you will also have to pay a premium, the amount of which will vary depending on the risks you wish to insure.
Car insurance for young people
Unfortunately, insurers aren’t exactly keen on young drivers. According to statistics, young people are more often involved in road accidents than their elders. As a result, to cover this risk, insurers charge a higher premium for those under 26. As a young driver with little experience, basic insurance for your first vehicle will easily cost you between €500 and €1,000 per year if it’s a “small” car.
Depending on the value of the car, its power, any previous claims, additional insurance options (comprehensive, etc.), the bill can quickly skyrocket and well exceed 2,000 euros per year!
Compare car insurance offers
As with any insurance policy, don’t hesitate to shop around at several insurance companies and compare quotes. Most offer online quotes. Consider checking them out before purchasing your vehicle so you have a clear idea of how much you’ll need to budget for insurance.
Some companies also offer reduced rates for young drivers, under certain very strict conditions: having a low-powered car, having completed a driving course, only driving a limited number of kilometers per year, etc.
Fuel
When it comes to fuel, you have several options: gasoline, diesel, LPG, CNG, electricity, hydrogen, or a hybrid. Some types of engines will certainly cost you more upfront, but may prove financially advantageous later on. It’s therefore worth taking the time to compare the different options, based on your driver profile.
Technical inspection
The purpose of this inspection is to verify that your vehicle is technically compliant and complies with all legal requirements. During this inspection, various components are checked, such as brakes, headlights, chassis, tires, and seat belts.
The inspection costs are your responsibility. If your vehicle is rejected, you will have to resolve the problem and have your vehicle inspected again (and, more importantly, get back in line, tough luck!).
Pay attention to the calendar
The frequency of inspections can be annual or every two years, depending, among other things, on the age and mileage of the vehicle.
If you arrive late for your vehicle’s MOT, you’ll have to pay a late inspection surcharge. Additionally, you may be fined if you’re stopped by the police and can’t produce a valid MOT certificate. Finally, if you’re involved in an accident for which you’re at fault, your insurer may, under certain conditions, take action against you.
Finally, note that from an administrative point of view, technical inspection falls under the jurisdiction of the regions.