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Most expensive and cheapest cars revealed

Posted on: July 3, 2013 by Platinum Direct

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The RACQ’s new survey on all vehicle costs unsurprisingly shows that small cars are much cheaper to run that large cars with the huge 4WDs well out on top. The absolute cheapest to buy and run is the little Suzuki one litre Alto which costs nearly $6000 annually. At the other end the Nissan Patrol V8 petrol takes the gong award with an annual $21,000 costs.

It is the second year the Alto has taken the cheapest award. The three cylinder petrol-powered Alto finished ahead of 109 other vehicles, including diesels, LPGs, hybrids and EVs, for affordability during the first five years of ownership. The survey took into account: purchase price, fuel use, servicing and depreciation.

According to the RACQ Vehicle Running Costs survey, the total costs of vehicle ownership meant motorists were forking out more than they needed to when purchasing a new car: “The real cost of owning a car is much more than just the sticker price and the wrong choice could set you back thousands,” RACQ Safety Policy Executive Manager Steve Spalding said.

“Servicing, fuel consumption, spare parts, insurance and depreciation play a major role in how much a financial burden your vehicle will be.”

Importantly, hybrids and Electric Vehicles did badly in the survey due to their expensive purchase prices undermining any savings made in running costs.

Despite superior fuel economy, diesel vehicles often lost out to their petrol rivals due to higher maintenance costs.

For more information check it out here

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