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THIS IS HOW MUCH DRIVING A CAR IN SPAIN COSTS 🚙🇪🇸 Buying, Renting, Road Tax, Insurance & More 

Millennials With Money
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Cars are essential transportation in Spain for many people for practical and logistical reasons. But for someone moving to Spain, they may not be familiar with all the costs associated and may need to understand this before moving to decide whether having a car is worth it for them. In this video I will break down important considerations, such as buying new or second hand, importing cars from another EU or non-EU country, the cost of road tax, insurance, necessary documents and fines and other methods of car usage such as through a subscription ("renting"), leasing, carsharing or traditional car rental.
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Mentioned in this video:
🔹 DGT Vehicle Reports: www.dgt.es/nuestros-servicios...
🔹 Importing a car from Germany to Spain: spanien.diplo.de/es-es/servic...
🔹 Importing a car from outside the EU: www.dgt.es/nuestros-servicios...
🔹 Road Tax Calculator: www.dieselogasolina.com/calcu...
🔹 Car Insurance Prices: www.kelisto.es/seguros-coche/...
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Chapters:
0:00 - Intro
0:47 - Is it worth having a car?
2:04 - New cars: Prices in Spain vs rest of Europe
3:12 - Second hand cars
4:31 - Importing a car from another country
6:10 - Road Tax
6:48 - Car Insurance
7:42 - Parking
9:09 - ITV (MOT)
9:59 - Fines
10:53 - Alternatives to car ownership
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🔹 Download Spanish Tax Calculator, Visa Guide and more: millennialswithmoney.com/store/
🔹 Become a channel member: / @millennialswithmoney
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Partners and Affiliates:
🔹 Bureaucracy.es - Get a special discount on legal support through your Spanish visa application: www.bureaucracy.es/millennial...
🔹 PRO Spain Consulting - Immigration, Legal and Tax experts: prospainconsulting.com/main?u...
🔹 Wise - A cheaper, faster way to send money abroad: wise.prf.hn/l/708eRo8
🔹 Find cheap flights with Skyscanner: skyscanner.pxf.io/y2Qvqy
🔹 Get compensation for delayed flights with Airhelp: www.airhelp.com/en-int/?
🔹 Raisin, a high interest savings platform in Europe: raisin-es.pxf.io/millennials
🔹 UBIGI Cellular Data for Travel: few.cellulardata.ubigi.com/?P...
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About me:
Welcome to Millennials With Money!
My name is Jonny, I'm a financial analyst from the UK, currently living and working in Spain.
I created this channel to help and inspire young people to improve their financial situation and live life to the full by sharing my own experiences with money and living abroad.
I upload content on a weekly basis about personal finance, how to invest your money, tips to help you save more money, real estate and property, and travel and living overseas.
Everybody is welcome in the Millennials With Money community! Let's get this money!!!
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Music by Epidemic Sounds: share.epidemicsound.com/o6n1px
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#spain
#expat
#europeancars
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DISCLAIMER: The opinions and views shared on this channel are for entertainment and educational purposes only and are not to be taken as financial advice. Always conduct your own research prior to making any financial decision. Millennials With Money cannot be held responsible for any financial loss incurred from any decisions you make following this video.

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5 авг 2024

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Комментарии : 14   
@MillennialsWithMoney
@MillennialsWithMoney Месяц назад
How has your experience driving in Spain been? Leave a comment and let me know!
@anabellabella2266
@anabellabella2266 Месяц назад
Great video! Great info!
@MillennialsWithMoney
@MillennialsWithMoney Месяц назад
Thank you Anabella!! 😁
@MindYourself2100
@MindYourself2100 Месяц назад
awesome, totally agree with the info provided. As an idea for a related video (if that's a relevant topic at all) - how those points are deducted and added to ones driving license.
@racebuddy
@racebuddy Месяц назад
One option that Im considering is buying on lease and using it when I need, and also making it available on Amovens renting platform, so it can “earn” some money to potentially cover my montly pay.
@MillennialsWithMoney
@MillennialsWithMoney Месяц назад
I thought about something similar at one point, buying a car and renting it out on that platform. Could be interesting!
@Chinedu311
@Chinedu311 Месяц назад
Interesting video as usual, do the dealerships assist with the necessary registrations. Pretty sure I won't remember all if I am eventually ready to buy in the future.
@MillennialsWithMoney
@MillennialsWithMoney Месяц назад
Thanks Chinedu! Honestly I’m not sure, I would think not, the same way that a real estate agent doesn’t typically help with equivalent property paperwork outside of the sales contract. There are however gestores that specialise in road and vehicle related paperwork. Hope this helps!
@melonmelon7427
@melonmelon7427 Месяц назад
Can the UK license be used in Spain and for how long? Can the UK licence be converted into a Spanish licence or would there be a need to pass a new driving test?
@MillennialsWithMoney
@MillennialsWithMoney Месяц назад
I think for up to 6 months before a Spanish license is needed. I think the DGT and DVLA came to an agreement where license exchanges are still possible
@Chinedu311
@Chinedu311 Месяц назад
By residents parking in the green zone, do you mean residents of Spain or resident of the area where you want to park. In that case if I have paid I can park wherever I see a green zone and I don't need to go to the parking machine? Permit my stupid question, we don't have such parking systems in my home country
@MillennialsWithMoney
@MillennialsWithMoney Месяц назад
No problem, a very valid question! My understanding is that Madrid city residents who have their padrón address in Madrid city can use the green parking areas once they have applied for and received the resident parking permit. Outside of them, only ECO and Zero-emission vehicles can use the green spaces. Hope this helps!
@Chinedu311
@Chinedu311 Месяц назад
@@MillennialsWithMoney thank you
@johnbris5
@johnbris5 Месяц назад
Thanks for this. But some of the information on purchase taxes on imported cars is inaccurate.
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