Buy vs Lease vs PCP Car Calculator — Spain
Compare buying outright, hire purchase, PCP and leasing: total cost, payments and fees. For Spain drivers this uses real local figures where we have them — a ITV costs about €45 per test and annual IVTM (circulation tax) is around €60 per year. Prices default to EUR and litres per 100 km.
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Why cost of ownership matters
The purchase price is only the beginning. Fuel or electricity, insurance, IVTM (circulation tax), the ITV, servicing, tyres, repairs and depreciation together usually cost more than the car itself over a few years. Use this tool to see the full picture before you buy.
How to use this calculator
Enter realistic figures for your situation — what you actually pay for insurance, what you expect to drive in a year — and the tool breaks the total down into monthly, weekly, yearly and per-distance costs. Adjust any figure and the results update instantly.
Frequently asked questions
What is compared in buy vs lease vs PCP?
Buying outright, hire purchase, PCP and leasing side by side, including the total cost, the effective monthly cost, IVTM (circulation tax), insurance, servicing and what you own at the end.
Why does buying outright not always come out cheapest?
Because the comparison is over the whole period: a loan or lease spreads the cost monthly, but you keep the car (and its resale value) on the buying routes and often hand it back on the lease route.
Are mileage limits included?
Enter your annual mileage and the tool shows what the contract's mileage allowance means in EUR over the term, so an excess-mileage charge at the end does not come as a surprise.
Which route suits me?
There is no universal answer — it depends on your mileage, deposit and how long you keep a car. Run your own figures for Spain with the ITV and IVTM (circulation tax) in the totals before deciding.
Estimate only: results depend entirely on the inputs. Prices and rates change; check current official sources before committing.