If you’ve recently moved to Portugal, you’ve probably noticed one thing: cars here aren’t cheap. But don’t worry, you’re not alone in this realization, and there are ways to navigate this high priced market without breaking the bank. Whether you’re a city dweller in Lisbon or planning countryside escapes, the right car can make all the difference.
Why Are Cars So Expensive?
Portugal’s vehicle import taxes, VAT, and environmental fees significantly increase the cost of cars. In addition, fuel prices are relatively high, which adds to the overall expense of ownership. While these factors may seem discouraging, understanding the market and leveraging local expertise can help you make smarter purchasing decisions.
5 Tips to Save Money on Your Car Purchase:
- Buy Used: Platforms like OLX and StandVirtual are popular for finding pre-owned vehicles. For peace of mind, certified pre-owned cars from dealerships like our partner Benecar – Cidade do Automóvel come with warranties and reliable after-sales services.
- Pick Reliable Brands: Portuguese roads favor fuel-efficient and durable cars like Renault, Peugeot, and Toyota. These brands are also easier to repair and maintain locally.
- Shop in Smaller Towns: Car prices in rural areas can be significantly lower than in cities. Take a day trip to nearby towns to explore dealerships.
- Negotiate: Bargaining is common in Portugal, so don’t hesitate to negotiate for a better price or added perks like free servicing.
- Use a Broker: Local brokers, like our partner Expoeuropa Automóveis, specialize in helping expats find great deals. They can handle the complexities of the process, from paperwork to vehicle registration.
Should You Lease Instead?
If purchasing isn’t the right option for you, leasing is another cost-effective way to own a car in Portugal. Leasing allows you to enjoy a new vehicle without the hefty upfront
costs. At N2P, we can guide you through the leasing options available to expats and connect you with trusted providers.
N2P Services: Making Car Buying Easy
Navigating the car market in a new country can be challenging, but New 2 Portugal is here to help. From identifying the best dealerships to assisting with paperwork and negotiating deals, our services are designed to make the process as smooth as possible. We can connect you with our trusted partners, including Benecar – Cidade do Automóvel, to ensure you get the best possible deal.
Hidden Costs to Consider:
- Registration and Taxes: Car registration fees and the ISV (Imposto Sobre Veículos) tax can significantly add to your purchase cost. Be sure to research these in advance.
- Fuel and Maintenance: Fuel prices in Portugal are among the highest in Europe, so consider fuel-efficient options. Routine maintenance costs can also vary depending on the brand.
- Insurance: Comprehensive insurance is recommended. Our partner bright!tax
can help you find tailored insurance packages to protect your investment.
Ready to buy a car in Portugal?
Contact New 2 Portugal today to make your car-buying journey stress-free. From expert advice to personalized assistance, we’ll help you hit the road with confidence.
For more information on car registration and taxes, visit the Instituto da Mobilidade e dos Transportes (IMT): www.imt-ip.pt.