you ask yourself "Which car can you afford with a net wage or salary of 1000 euros?“ At 1000 euros net comes one used small car up to 5,000 euros in question. If you can pay for the car in cash, you'll lower your future monthly expenses. However, you can also finance a cheap used car with a salary of €1000. The monthly rate for the car loan over 5,000 euros including interest and repayment around 50 euros. Furthermore, there are costs for the insurance, maintenance and fuel.I'll show you 11 cheap used cars under €5,000, which you can also afford with an income of 1000 euros net per month.
You can maintain a used small car such as a Fiat Panda 1.2 LPG, Opel Corsa D 1.4 LPG or a Renault Clio for around 95 euros per month if it runs on LPG. At 1000 euros net you can also afford a cheap used one with petrol or diesel. The monthly costs are slightly higher than with the LPG variant. Because cheap petrol or diesel cost about 110 euros a month. For less than 110 euros per month you can, for example, maintain an Audi A2, VW Polo Diesel, Fiat Panda Diesel or a Honda Insight (petrol).
Which car you can afford for 1000 euros net
With a net salary of 1000 euros, your car shouldn’t be more than 5,000 euros Acquisition costs and 250 euros per month in maintenance costs. There are two simple rules of thumb for calculating the purchase price of a car based on salary.
How much monthly salary you should spend on a car
When buying a car, you shouldn't pay more than 3 gross salaries spend on a car. A salary of 1,000 euros net means around 1,300 euros gross per month for wage tax class 1. I have raised the vehicle price from three times the gross salary to 5,000 euros to have a little more leeway when choosing your vehicle. Thus, the first rule of thumb refers to the purchase price. But also the maintenance costs of your car must be kept in view with a net salary of 1000 euros. Therefore, there is another rule of thumb.
What percentage of your income you should spend on a car each month
You should do this monthly nnot more than 25 % of net salary spend on a car. With a salary of 1000 euros net, this corresponds to 250 euros per month.
Summarized you can with a salary of 1000 euros net a car for max 5,000 euros and a monthly maintenance of maximum 250 euro Afford. Small cars come for this, for example Fiat Panda 1.2 LPG, Opel Corsa D 1.4 LPG or one Renault Clio in question. But also the vehicles Audi A2, VW Polo Diesel, Fiat Panda Diesel or a Honda Insight you can get one in decent condition for less than 5,000 euros. The maintenance costs for all the models mentioned are well below 200 euros per month.
The best specialist for cheap used cars is the Internet. There you can get the used car you are looking for online. With a monthly salary of 1000 euros, you have enough money to car loan record and thus have a solid car. With a low salary of 1000 euros net, it is important Requirements for a car loan to be fulfilled as fully as possible.
According to the Federal Statistical Office, Germans spend on average only 10 % of their income on their car. With a net salary of 1000 euros, you have to spend more of your income on a car than the average German.
Picture gallery: 11 cars which you can afford at 1000 euros net
Life is too short to drive a bad car. The good news is that it's also too short to spend time looking for the right car. This is where Konto-Kredit-Vergleich.de comes into play – I have dedicated my time to finding the best car that you can afford even with a net wage of 1000 euros.
So what car would I get at a wage or Recommend a net salary of 1000 euros? In the picture gallery there are 11 cars which you can also afford for 1000 euros net. Below you will find more information on these 11 cheap used cars under €5,000 .
Can I finance a car with a salary of 1000 euros?
You can also bring a cheap used car with you finance 1000 € net. The monthly installment for the car loan is around 5,000 euros including interest and repayment 50 Euros. For 50 euros you can repay a car loan of 5,000 euros with an interest of 3 % and a repayment of 9 % in under 10 years. Strictly speaking, the loan would be fully paid off in 9 years and 7 months. The repayment period is with it shorter than the expected lifetime of the car. Therefore must no depreciation are additionally taken into account. After all, after paying off the loan, it would be possible to buy a new car with another car loan. You can check current credit conditions via a credit comparison Requests. A rate of EUR 50 per month is affordable for most households with a salary of EUR 1000 to finance a car.
With a net income of 1,000 euros, it is advisable to Car registration as security to be deposited so that the bank grants the loan despite the low income.
Use the vehicle letter as security
With a net income of 1000 euros you are below the garnishment exemption limit. This makes lending more difficult. You should therefore actively offer the KFZ letter as security in order to be granted a loan even with a low income. You can find out which banks accept the KFZ letter as security in the article Which bank accepts car as collateral read. You can find an overview of the advantages and disadvantages of loan collateral in the article Credit Collateral: Pros and Cons.
Total cost for a cheap small car
If you don't have the money to pay for the car in cash, the total monthly costs add up to 160 euros (110 € maintenance + 50 € credit installment) for a petrol or diesel engine respectively. 145 euros (95 € maintenance +50 € credit rate) for one with LPG operated small car for 5,000 euros. The recommendations made here for the question "Which car at 1000 euros net?" correspond to the rules of thumb:
- Rule of thumb Acquisition costs car: Not more than 3 gross salaries spend on a car
- Rule of thumb for car maintenance: Not more than 25 % of net salary spend on a car every month
For a small car like the Fiat Panda 1.2 Bipower, Opel Corsa D 1.2 LPG, Renault Clio 1.2, Fiat Grande Punto 1.4 Bipower, Audi A2 or similar models, the total monthly costs of 150 euros are distributed as shown in the following section.
Typical total costs for a cheap small car using the example of a 10-year-old Opel Corsa D 1.2 LPG
- 30-40 € for a cheap one car insurance
- €7-10 for the tax
- 40 – 80 € fuel at 10000 km/year
- LPG: €40
- Diesel: €55
- Petrol: 80€
- Inspection costs 10-20 €
- €50 for a cheap one car loan
If you have the money for a car but are unsure whether to buy with cash, you can go to the Buy, finance or lease a car in cash inform about the respective advantages and disadvantages.Find a cheap loan for a car with 1000 euros net per month:
The 11 cheap used cars under €5,000
With 1,000 euros net per month, you can afford a car for a maximum of 5,000 euros and monthly maintenance of a maximum of 250 euros. In the table you will find my top 11 cheap small cars which are affordable with a net salary of 1000 euros.
|vehicle||Power in kW||consumption per 100 km||used car price||depreciation in euros||Monthly maintenance costs including tax, insurance and fuel in euros |
(10,000 km/year; SF3; liability only)
|cents per km (without loss of value)||Finance cheaply|
|1.||Fiat Panda 1.2 Bipower|
(60 HP/44kW | 1242ccm, BJ: 2009-2012, LPG)
|44kW||6.1 kg LPG||1.700 € - 2.700 €*||€37 depreciation||89 € maintenance||10.7 cents/km||€2,200 Fiat Panda from €22 finance!|
|2.||Opel Corsa D 1.2 LPG|
(80 HP/59kW | 1229ccm, BJ: 2009-2010, LPG)
|59kW||6.8 kg of LPG||2.700 € - 4.300 €*||€58 depreciation||102 € maintenance||12.4 cents/km||€3,500 Opel Corsa from €35 finance!|
|3.||Renault Clio 1.2|
(60 HP/44kW | 1149ccm, BJ: 1998-2005, LPG)
|44kW||6.5 kg LPG||1.000 € - 1.600 €*||€22 depreciation||104 € maintenance||12.5 cents/km||€1,300 Renault Clio from €13 finance!|
|4.||Fiat Grande Punto 1.4 Bipower|
(78 HP/57kW | 1368ccm, BJ: 2008-2011, LPG)
|57kW||6.3 kg LPG||1.100 € - 1.800 €*||€24 depreciation||108 € maintenance||13.0 cents/km||€1,450 Fiat Grande Punto from €14.50 finance!|
|5.||Vauxhall Agila B 1.0 LPG|
(65 HP/48kW | 996ccm, BJ: 2010-2010, LPG)
|48kW||7.8 kg LPG||2.300 € - 3.600 €*||€49 depreciation||108 € maintenance||13.0 cents/km||€2,950 Opel Agila from €29.50 finance!|
|6.||VW Polo V 1.4 LPG|
(86 HP/63kW | 1390ccm, BJ: 2010-2010, LPG)
|63kW||7.2 kg LPG||4.300 € - 5.200 €*||€79 depreciation||108 € maintenance||13.0 cents/km||€4,750 Volkswagen Polo from €47.50 finance!|
|7.||Vauxhall Astra H CC / Caravan 1.4 LPG|
(90 HP/66kW | 1364ccm, BJ: 2010-2010, LPG)
|66kW||6.5 kg LPG||2.200 € - 3.400 €*||€46 depreciation||110 € maintenance||13.2 cents/km||€3,300 Vauxhall Astra from €33 finance!|
|8.||Renault Kangoo 1.2|
(60 HP/44kW | 1149ccm, BJ: 1998-2008, LPG)
|44kW||7.4 kg LPG||4.000 € - 4.800 €*||€73 depreciation||111 € maintenance||13.3 cents/km||€4,400 Renault Kangoo from €44 finance!|
|9.||Audi A2 1.2 TDI|
(61 HP/45kW | 1191ccm, BJ: 2001-2005, Diesel)
|1.700 € - 2.700 €*||€37 depreciation||111 € maintenance||13.3 cents/km||€2,200 Audi A2 from €22 finance!|
|10.||Honda Insight 1.0|
(76 HP/56kW | 995ccm, BJ: 1999-2005, petrol engine)
|56kW||4.6L petrol||3000 € - 4000 €*||€58 depreciation||112 € maintenance||13.4 cents/km||€3,500 Honda Insight from €35 finance!|
|11.||Kia Picanto 1.0|
(82 HP/60kW | 998ccm, BJ: 2011-2011, LPG)
|60kW||8.9 kg LPG||1.600 € - 2.500 €*||€34 depreciation||114 € maintenance||13.7 cents/km||2050 € Kia Picanto from €20.50 finance!|
What insurance for a car with a car salary of 1000 euros net?
If you're looking for ways to save money on car maintenance, you'll find that the car insurance plays an essential role in this. Car insurance accounts for one of the largest items in monthly maintenance costs. If you can keep a few euros more in your wallet by switching to another insurer, it's worth switching. According to Autokostencheck.de, the monthly maintenance costs for the VW Polo V 1.4 LPG are around €99 per month. Of this, the insurance costs make up about 35 euros**. This means that car insurance makes up more than a third of the total costs (significantly more if you do not compare car insurance).
How big the difference in car insurance is, take a look at the Car Insurance Comparison clear. If I compare the tariffs for the VW Polo, the minimum costs are around 32.33 euros per month (388 euros per year). The most expensive insurer charges almost twice as much. Namely €60.33 per month (€724 per year)**. By comparing car insurance, you can save €30 a month on a small car like the VW Polo.
**When calculating the costs, I assume an annual mileage of 10,000 km and inexpensive liability insurance without comprehensive insurance in no-claims class 3.Cheap car insurance:
There are some alternatives to drive a cheap car at 1000 euros net. The most important are: