Real example report: worked calculation, not a quotation
Volkswagen ID3 Life 2021
- Make
- Volkswagen
- Model / derivative
- ID3 Life
- Year
- 2021
- Fuel
- Electricity
- Engine
- 0 cc
- CO2
- 0 g/km
Every example on this page uses the same standard scenario: 7,400 miles/year, 3-year ownership, finance purchase, so the figures are directly comparable across vehicles.
Total cost of ownership
Source dataCalculated as the report's annual ownership cost (£4875) x the 3-year ownership period. Not a figure printed in the source report.
Cost breakdown
Every category this report covers, largest first.
Quick answers
What does it cost to own a Volkswagen ID3 Life 2021?
In this real 73 Auto example, total cost of ownership for this Volkswagen ID3 Life 2021 is £406/month (£4,875/year), based on 7,400 miles/year over a 3-year finance ownership scenario.
What are the running costs of a Volkswagen ID3 Life 2021?
Day-to-day running costs, including insurance, fuel / energy and service & mot and 4 other costs, total £2,836/year (£236/month) in this example, excluding depreciation and finance.
What is the road tax (VED) for a Volkswagen ID3 Life 2021?
This example report does not include a separate VED/road tax figure for this Volkswagen ID3 Life 2021 (Not provided). See the cost breakdown below for what was actually reported.
What is the depreciation on a Volkswagen ID3 Life 2021?
Depreciation accounts for £1,489/year (31% of the total cost) for this Volkswagen ID3 Life 2021 in this example.
What drives this cost
For this Volkswagen ID3 Life 2021, Depreciation is the largest ownership-cost category, making up 31% of the annual total (£1,489/year of £4,875/year). The next-largest category is Insurance, at 17% of the total. Depreciation and finance together make up 42% of the annual cost, while day-to-day running costs (fuel/energy, insurance, servicing, maintenance, tax, tyres and roadside assistance combined) make up 59%. As an electric vehicle, running costs here are calculated from an energy price of £0.30/kWh rather than a fuel price, with fuel/energy making up 15% of the total.
What this example is
This is a worked example for one specific vehicle under the stated assumptions, not a quotation or financial advice. A different registration, condition, location, driving pattern, insurance profile or finance agreement will produce a different result. See the methodology and data sources behind this figure.
For what these figures add up to and why, see what Total Cost of Ownership means and UK car running costs. For the VED line above, see electric car tax: do EVs pay road tax?.
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