The ARBA Auto app calculates car’s financial performance using a specific methodology.
All expenses are divided into 4 groups:
Running costs. This includes all expenses that are directly related to travel: fuel, toll roads, paid parking, fines, unscheduled repairs, and even expenses associated with an accident.
Routine maintenance is the cost of maintenance recommended by the manufacturer. For example, oil and filter changes, consumables (brake pads, discs, etc.), tire fittings, spare parts. Basically, everything the resource could end up on. If your fuel pump is broken, then this also applies to this group: the fuel pump spare part + the cost of replacing the unit.
- Standing annual costs are mandatory costs that the car owner bears even if he does not use the car. This group includes taxes, annual registration and technical inspection, insurance, and in some cases leasing.
- Depreciation is a capital expense that adds to the original value of your vehicle. First of all, this is the cost of buying a car, all kinds of improvements (tuning), also interest on a loan and, in some cases, leasing.
Within each group there is a fixed set of categories. It is assumed that for any expense you can define the appropriate category. You cannot change groups and categories in the application, but you can add subcategories. For example, you can add a subcategory “Tyre Service” to the Scheduled Maintenance / Service category. This will allow you to quickly enter expenses without filling in the Name field.
If you have questions about the category guide and would like to add it, please contact us.
The expenses of groups 1-3 are displayed on the chart as they are: they refer to the month in which the payment occurred.
Depreciation is evenly distributed over the entire period of car ownership. We recommend that you learn more about how the ARBA Auto application calculates the cost of car ownership.