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Journeys : Aug Sep 2010
The R ACT has released the findings of its comprehensive annual survey of car motoring costs. It has found that the cost of ow ning and operating a car has stabilised in the wake of the Global Financial Crisis, and infor med car buyers can still pick up a bargain. Darren Moody, the R ACT's General Manager, Roadside and Technical Ser vices, said the 2010 Vehicle Operating Costs survey of 78 cars found that while costs of owning and operating a car have risen about 5.8 percent across all categories, many cars' costs are only slightly above where they were two years ago. The 2010 survey also found that excellent fuel economy was no guarantee of a car gaining top spot in its category. Australia's most fuel-efficient car, the Ford Fiesta Econetic, was the cheapest in the entire sur vey to run at 10.47 c/km, but its higher purchase price made it more expensive to ow n (at $156.50 a week) than all other light cars surveyed. It was, however, significantly cheaper than the Prius ($237.05 a week) and Civic Hybrid ($205.35) in the small car category. (Watch for a He says, She says review on the Ford Fiesta Econetic in our October issue.) Korean manufacturer Hyundai continues to dominate in the light vehicle category, with the Getz S taking out top spot for the fourth year in a row. It was the cheapest to ow n and r un at $121.06 a week, up from $112.31 last year. Mr Moody said vehicle depreciation was the ticking time bomb, with many car buyers failing to recognise it as a major vehicle cost. "End of financial year offers by some dealers provide excellent value at well below recommended retail prices. Money saved at this initial purchase point can significantly reduce the depreciation hit during the life of the car. "In this sur vey, depreciation accounts for an average 38 percent on any given vehicle and while car buyers are not having to pay 38 cents in every dollar of their weekly car bills now, in five years time when they are looking to trade their car, that's when the depreciation costs kick in significantly," Mr Moody said. The R ACT sur vey takes into account everything from purchase price to service costs, the cost of fuel, tyres, insurance, registration, R ACT membership, interest, stamp duty, drivers' licence, and spare parts such as windscreens and batteries. The sur vey found that unlike LPG vehicles interstate, which were clearly in front of their petrol-only siblings, Tasmanians were paying around 25% more for LPG, resulting in the dual-fuel Commodore being dearer to ow n than the petrol-only model, and a dedicated LPG Falcon just pipping the petrol only Falcon variant. R ACT calculations for the Vehicle Operating Costs survey are based on a five-year ownership period and average operating for private motorists, including an average annual driving distance of 15,000 kilometres. The data was collected in the period leading up to early May 2010. Full results of the 2010 sur veys are available at w w w.ract.com.au Motoring costs -- canny car buyers can save Light $/Week Hyundai Getz S 3d Hatch 1.4l Manual 121.06 Kia Rio S 5d Hatch 1.4l Manual 127.82 Small Nissan Tiida 5d Hatch 1.8l Autom atic 156.34 Hyundai I30 Sx 5d Hatch 2.0l Automatic 158.52 Medium Ma zda Mazda6 4d Sedan 2.4l Auto 211.36 Toyota Camry Altise 4d Sedan 2.4 L Automatic 213.15 Large Holden Commodore 4d Sedan V6 3.0 L Automatic 243.44 Holden Commodore (Dual Fuel) 4d Sedan 3.6l Multi Point Automatic 248.22 People Mover Kia Carnival 4d Wagon V6 2.7 Automatic 236.04 Hyundai Imax 4d Wagon 2.4 Automatic 243.57 Suv Compact Hyundai Ix35 4d Wagon 2.0l Manual 189.18 Subar u Forester 4d Wagon 2.5l Auto 220.93 Suv Medium Holden Captiva 5 (4x4) 4d Wagon 2.4l Automatic 217.49 Holden Captiva Sx 4d Wagon 2.0l Diesel Turbo Auto 240.45 Suv Large Nissan Patrol Dx (4x4) 4d Wagon 3.0l Diesel Turbo Auto 309.46 Nissan Patrol St (4x4) 4d Wagon 5.0l Auto 336.87 Pick Up Or Cab Chassis 4x2 Mitsubishi Triton Glx C/Chas 2.5l Diesel Turbo Auto 198.38 Ford Falcon (Lpg) Utility 4.0l Auto 216.94 Pick Up or Cab Chassis 4x4 Ford Ranger Xl Dual Cab P/ Up 3.0l Diesel Turbo Auto 264.36 Toyota Hilux Sr Dual Cab P/Up 3.0lDiesel Turbo Auto 272.67 In our community 9 August / September 2010
RACT MNJ June July 2010
Oct Nov 2010