Car Cost Index. LeasePlan Corporation N.V. - Consultancy Services May 2018

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1 Car Cost Index LeasePlan Corporation N.V. - Consultancy Services May 2018

2 The Car Cost Index LeasePlan s Car Cost Index is a comprehensive analysis of the costs of owning and operating a small to medium-size car in 21 European countries. It factors in all the various costs that motorists must pay in each country, including fuel, depreciation, taxes, insurance and maintenance. All costs are averaged over the first three years of ownership and assume 20,000 km of driving a year. The models of car included in this analysis are: BMW i3, Ford Focus/Focus Electric, Hyundai Ioniq, Nissan Leaf, Opel/Vauxhall Corsa, Renault Clio, Renault Zoe, Smart Fortwo, VW Golf/e-Golf and VW Polo. The following information in this report is subject to certain conditions and disclaimers (see page 11), continuing to read this report indicates your acceptance of these conditions and disclaimers. 2

3 Key findings The average cost of owning a car varies hugely across Europe, from 448 a month in Poland to 761 a month in Italy. Romania is the cheapest place to drive a petrol car. Weighted for GDP, drivers in Italy, Finland and Belgium have the highest total cost of ownership, while drivers in Poland, Ireland and Switzerland have the lowest. Electric cars are increasingly cost competitive in northern European countries such as the Netherlands Norway is the most expensive place to drive a petrol or diesel car. It s also the only country where electric cars are, on average, cheaper than petrol or diesel ones. Depreciation is the biggest cost facing motorists and it s particularly high for electric cars. 3

4 Italy Finland Norway Belgium Denmark Netherlands Sweden Spain Switzerland Slovakia Germany Ireland Austria UK France Greece Czech Rep. Turkey Hungary Romania Poland Average monthly total cost of ownership (all fuel types) Average

5 TCO per month (all fuel types) Wealthier countries tend to have higher costs RO GR TK HU PL SK CZ ES IT UK DE FR FI BE NL AT SE DK IE NO CH ,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 GDP per capita 5

6 EVs can be competitive compared to ICEs Petrol Diesel Electric 1, We compared the same model across all three fuel types based on 48 months and 30,000km Norway Netherlands United Kingdom Belgium 6

7 Average monthly split of ownership costs (all countries) Petrol Diesel Electric 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Depreciation Road tax + VAT Fuel Insurance & Accident Management Repair, maintenance & tyres Interest 7

8 Norway Italy Denmark Sweden Finland Netherlands Belgium Switzerland Austria UK Germany Ireland Turkey Spain France Greece Poland Slovakia Czech Rep. Hungary Romania Average monthly total cost of ownership 800 Petrol Depreciation Fuel Repair, maintenance & tyres Road tax & VAT Insurance & accident management Interest

9 Norway Netherlands Finland Italy Denmark Sweden Belgium UK Turkey Switzerland Austria Germany Spain France Ireland Greece Czech Rep. Slovakia Hungary Romania Poland Average monthly total cost of ownership 800 Diesel Depreciation Fuel Repair, maintenance & tyres Road tax & VAT Insurance & accident management Interest

10 Italy Slovakia Finland Greece Spain Denmark Belgium Romania Ireland France Switzerland Czech Rep. Austria Germany Sweden UK Netherlands Norway Poland Hungary Average monthly total cost of ownership Electric 1, Depreciation Road tax & VAT Fuel Insurance & accident management 986 Repair, maintenance & tyres Interest

11 Disclaimer This material has been approved solely by, and is the responsibility of LeasePlan Corporation N.V. ( LPC ) on the basis of the sources as listed herein and information provided by LPC. LPC makes no representation or warranty (express or implied) of any nature, nor does it accept any responsibility or liability of any kind, with respect to the accuracy or completeness of any of the information or opinions in this material. The information contained in this document is derived from sources that have not been independently verified. LPC gives no undertaking and is under no obligation to provide the recipient with access to any additional information or to update this document or to correct any inaccuracies in it which may become apparent, and it reserves the right, without giving reasons, at any time and in any respect to amend or terminate the information described herein. Except in the case of fraudulent misrepresentation, neither LPC nor any of its affiliates, advisers or representatives shall have any liability for any direct, indirect, consequential or other losses or damages including loss of profits incurred by you or any third party that may arise from any reliance on (1) this document or for the reliability, accuracy, completeness or timeliness thereof or (2) for any other written or oral information made available by LPC in connection herewith or (3) any data which any such information generates. 11

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