German Drivers License Requires a Savings Fund

Our son will be 17 soon and every once in a while he gets the typical German statement: Na, da wirst Du ja bald Deinen Führerschein machen! Reaching the legal age of 18 includes getting the driver’s license. Oh ja, das deutsche Fahrvergnügen! Well, wanting the license seems universal, but…

Germans generally do not ask about what college one intends to attend as the rate of university graduates is rather low at 14%. But most Germans hold a driver’s license, which is costly. So costly that some parents or grandparents start saving for the driver’s license as of birth –  in the same way some international parents set up a college fund for the newborn.

In Germany, the cost of a driver’s license ranges from euro 1200 – 1800, based on 18 minimum hours of attending the Fahrschule. In some cases it takes much longer, such as more lessons, another testing fee (in general, one out of three fail the driver’s license test), etc. The base price given usually applies to young and quick learners only. Older applicants usually end up taking more lessons, the rate of failing is higher and then the cost is usually between euro 2200 – 3000.

The German ADAC  offers the following savings plan:

ADAC driver’s license savings plan – a gift for the future. Why not present this on the child’s first day in first grade? You can start saving as low as euro 10 a month. Earn 4.3% interest.

(4.3 % only apply to savings plans which run 17 – 18 years. For example, on a 10-year savings plan, the rate of interest is 4.0%)

As parents of international children, we believe our children will get their driver’s license whenever they are ready. This is not a top priority. We have a college fund for them – not a driver’s license savings plan.

Transport Pack 1: Cars

“Transport Pack 1: Cars” is a collection of 5 transcripts, each in their own PDF file.  The pack is a ZIP file containing the 5 PDFs and is available from the AllThingsGerman Download Store.

The transcripts in this pack are:

To find out more, visit the AllThingsGerman Download Store.

Diese Webseite verwendet Cookies. Wenn Sie auf der Seite weitersurfen, stimmen Sie der Cookie-Nutzung zu. Mehr Informationen

Diese Webseite verwendet so genannte Cookies. Sie dienen dazu, unser Angebot nutzerfreundlicher, effektiver und sicherer zu machen. Cookies sind kleine Textdateien, die auf Ihrem Rechner abgelegt werden und die Ihr Browser speichert. Die meisten der von uns verwendeten Cookies sind so genannte "Session-Cookies". Sie werden nach Ende Ihres Besuchs automatisch gelöscht. Cookies richten auf Ihrem Rechner keinen Schaden an und enthalten keine Viren. Weitere Informationen finden Sie auf der Seite “Datenschutzerklärung”.