Consider all the running costs not just your purchase or lease repayments – otherwise keeping your car on the road might be too costly.
You might be surprised by the difference in cost between car types. Drive found that one of the cheaper cars to run is Hyundai’s diesel i30 hatch coming in at $114.73 per week. But Toyota’s Land Cruiser Sahara and Holden’s Caprice both cost around $360 per week to own – a total difference of $245.27 per week or $12,754 per year!
If you want to work out how much a new or leased car will truly add up, download ASIC’s free app. This reputable app is a good way to check the upfront and running costs fit into your budget, before buying/leasing a new car. We also suggest checking out these useful resources for more information:
Drive: www.drive.com.au/news/size-matters-with-running-costs-20100701-zomf/Canstar Blue: www.canstarblue.com.au/vehicles/running-costs-popular-cars/
You can learn more tips about keep car costs in check by watching our short video or downloading our useful factsheets here: www.braverytrust.org.au/how-we-help/financial-counselling/
