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Journeys : Aug Sep 2012
T here’s good news for car owners looking to purchase a new vehicle, with the cost of owning and operating a car falling slightly as loan and depreciation costs have dropped. R ACT’s 2012 Vehicle Operating Costs survey of 101 new car models found that overall the average cost of owning and operating a vehicle has dropped 3.6% from last year’s survey. R ACT General Manager, Roadside & Technical Ser vices, Darren Moody said falling interest rates for loans and lower depreciation costs have more than offset the rise in the past year in fuel costs. The survey found that manufacturers who have introduced fixed price serv ice programs have helped keep running costs down for vehicle owners. Servicing costs are around nine percent of the total cost of owning and operating a vehicle. Escalating fuel costs w ith petrol and diesel increasing by almost six percent and LPG up by a massive twenty percent, have hit motor ists hard but better fuel-economy in some vehicles has softened the blow. “A vehicle’s ongoing decrease in value or depreciation is by far the biggest expense in owning a vehicle, at around 38 per- cent of the total costs, so being able to sell or trade in your car for more means less impact on the hip pocket in the long run,” Mr Moody said. “It’s important to look beyond just the price of the car when shopping for a vehicle and take into account those hidden costs that can prove expensive in the long term. “ Buyers should know how much it costs to have a car serviced, how much it costs to fill the fuel tank, replace tyres, pay insurance, registration, interest, stamp duty, drivers’ licence, R ACT membership and the costs of spare parts like windscreens and batter ies. We consider all these factors when compiling our sur vey,” he said. For the first time, electric vehicles have been included in the sur vey, ref lecting their move into the mainstream market. Their low ‘fuel’ costs are a significant advantage, but the high purchase price heavily impacts the cost of owning an RACT survey finds car ownership lower despite fuel price increases electric vehicle. The ser vicing cost was not as low as expected because although few parts need replacing, there is a considerable amount of labour involved in checking the i-MiEV’s electrical systems. R ACT calculations for the Vehicle Operating Costs survey are based on private ownership of a vehicle for a five-year period, dr iving an average of 15,000 kilometres each year. The survey was collated in the period leading up to May 2012, using Tasmanian-specific data. We’ve listed the lowest-cost vehicles in each categor y below – for all the results, visit the RACT Community Blog at www.ract.com.au Light Suzuki Alto Gl 5D Hatchback 1.0L 5Sp Manual $108.99 Small Kia Cerato S 5D Hatchback 2.0L 6Sp Automatic $155.58 Medium Volkswagen Jetta 118 Tsi 4D Sedan 1.4L S/C & T/C 7Sp Dsg $190.87 Large Ford Falcon Xt (Lpi) 4D Sedan 4.0L Lpg 6Sp Automatic $236.41 People Mover Honda Odyssey 4D Wagon 2.4L 5Sp Automatic $228.93 SUV Compact Kia Sportage Si (Fwd) 4D Wagon 2.0L 6Sp Automatic $190.37 SUV Medium Kia Sorento Si (4X4) 4D Wagon Dt4 2.2L Dt 6Sp Automatic $235.49 All Terrain Jeep Grand Cherokee Laredo (4X4) 4D Wagon V6 3.6L Automatic $272.98 2WD Ute Mitsubishi Triton Glx Mn My12 Utility Dt4 2.5L Dt4 F/Inj 4Sp Automatic $191.00 4WD Ute Toyota Hilux Sr (4X4) Kun26r My12 Dual Cab P/Up Dt4 3.0L 4Sp Automatic $256.06 Electric Mitsubishi I-Miev 4D Sedan Elec 1Sp Automatic $254.02 For full details, visit www.ract.com.au then follow the Quick link to Latest media releases Weekly costs Life on the move A sure sign your car is in safe hands. 6831 ract.com.au | 13 27 22 Our RACT Approved Repairer Code of Practice ensures that all repair work and services performed for members of the RACT will be carried out under the supervision of a competent and qualified person. The RACT Approved Repairer Code of Practice also includes the following key points: • Written estimate of costs provided upon request • Warranty covering repair work for 90 days or 5000 km • Parts that are replaced will be available for you to inspect and keep, if desired • Once commenced, repair work will be completed quickly. When your car’s being repaired, it’s hard not to wonder if the job’s being done correctly. With an RACT Approved Repairer you can relax. Contact your nearest RACT branch for a complete list of Approved Repairers or visit www.ract.com.au RACT Approved Repairers shown with the Show Your Card & Save logo will provide 10% discount on labour if you present your card prior to quotation. REPAIRER APPROVED by p49_repair_3rdhoriz.pdf Page 1 5/07/12, 1:51 PM August / September 2012 49
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