How much would you say it costs to keep your car and run it per day?

I did some bare estimates and it was around $2800 all up when you included rego, green slip, third party insurance, regular servicing and maybe something like nrma insurance.

If I added petrol it was about an extra $800 I think which totalled about $3600.

I may have gotten something wrong but in case I got it right that works out to around $10/day to own, operate, maintain, service, insure and fuel up a car which is not bad when you consider the benefits.

This is for a light or small hatchback or sedan car aiming for something with really low aka good fuel economy.

$70/week for a car was my rough vague estimate but yeah how much does your car cost both the luxury and gas guzzling ones as well as the economic I am guessing just for work ones aka A to B primary usage vehicles.

I'm curious what others vehicle expenses including everything might be.

You can either put it in per year or per week or per day your choice.

This does not have to include the initial purchase price of the car just the annual registration, servicing and other compulsory costs like fuel costs and maybe any repairs to keep it street legal and operating.

You may include the purchase price and depreciation price if you wish but mainly I am just trying to get a sense of how much cars cost to own and operate legally.

Obviously anyone can just use some beat up box car or go kart and put fuel in it and ride it around on their farm with no rego or ctp or anything as long as the cops don't find out but that isn't what I am trying to find out here just to give a sense of what this thread is about.

Obviously purchase price is important but I didn't initially add it as I thought for some reason it might be private but I realised that this is ozbargain and sharing is caring and we are all friends and safe here.. I hope.

Nobody be mean to others keep it nice and friendly or at least above the belt ;)

Thanks I am very interested to hear your comments.

Edit: Wow this has blown up quite a lot thanks everybody for your data and information some great insights in this thread.

Looks like the cheapest car to own so far is a 2000 Prado coming in at $4.29 per day not taking into account purchase price.

Cheapest vehicle over all is a motorbike at even lower at $3.23 per day.

That honestly blew my mind as I didn't think it was possible to get below $5 per day for a vehicle.

Lots of cars in the $6 per day range.. that is more realistic I think so.

Keen to hear more information and details about how much it costs to own, run, maintain, service and if you want insure/buy your vehicles I feel like this thread might help some people who want to either buy a new car or change their current one if they have been hit bad by the corona virus epidemic financially.

I know for me it still makes sense to just use public transport but every now and then I find myself wishing for a car so if I can figure out one that will cost me below $5 per day to have basically everything besides purchase price then I might actually consider it.

Might be a fun experience also.

Comments

  • -8

    Who cares

    Some people spend a lot more than $10 a day on smokes and or booze.

    • +7

      Might as well live in a mansion and pour caviar in the bin if somebody is paying lots for something else. Who cares?

      • +1

        There are always those that come to the party and have no idea what they sound like unfortunately.

    • +1

      I think you may have completely missed the point of this entire exercise.

      But it's cool there is always some.

  • +4

    This link has great info

    https://www.racq.com.au/cars-and-driving/cars/owning-and-mai…

    Otherwise running cost per day for my 2012 Camry was $6.68 per day (do my own servicing, CTP only, does not include vehicle purchase cost)

    • What's your average km per day if I may ask.. Otherwise that is pretty good.

      Under $40/week is pretty amazing for just the running/registering/own servicing/CTP costs.

      How much did you buy the 2012 Camry if I may ask?

      If it was low enough I might actually go for one of these myself.

      • 12 km one way (25 km return from home to work, no tolls). About 10,000 kms annually

        Camry was $14k from Pickles Auctions, approx 3 years old at the time. Fleet cars that get turned over quickly are usually good value

        EDIT: I see you commented on LPG. Previous car was LPG Falcon, no longer worth it. When I started LPG was 55c and petrol $1.30. Now LPG is 79c and petrol $1. Factor in the increased fuel consumption and there is no cost advantage.

        EDIT 2: To clarify, CTP and third party property insurance. Always have at least thirty party property so if you have an accident with a Rolls Royce you don't go bankrupt.

  • +2

    You should include initial cost into the figure so you can compare with public transport over the long term. When you do it won't work out so low as $10 a day. Unless you drive a cheap car, which ozbargain members don't according to previous posts.

    Adding a $6,400 car into the figure & making it 10k bumps it up too nearly $30 a day.

    • +1

      And it adds up very quickly for second cars, or cars that are less frequently used.
      If a family owns two cars, but one adult takes public transport to work, the second car could easily cost over $100 per trip.

      • Oh you have me thinking now. I forgot about my wife's car.

        Interest on finance should also be included.

    • Then you also have to take into account the time lost on PT vs driving, if your single and it's just you that's easy but if you have to do things like pickup / drop off kids then go to work via multiple stops and combination of waiting for buses and trains the amount of time that wasted a day is huge.

      • +1

        Right now for my use case scenario I am just trading time and money for convenience.

        Trains come usually every hour when I am working late nights so I have to try time my work routine around that.

        But if I have a car it opens up options like even driving a bit farther to get some fast food or something or to shops which are open much much later than in my immediate vicinity so I am weighing up all the options and also factoring on initial purchase price.

        The only reason I didn't make it compulsory to say the purchase price is I wanted to know some general ballpark figures for basically taking on a car and if the user wishes to disclose more information like year, model and the price they paid for it that is up to them but I was prioritising information I thought is less private and more public.

        Not sure if you can follow my train of thought but I do think adding in all costs and expenses from initial purchase price to depreciation is all important just wanted to make that 100% sure because some people might have misunderstood me.

  • +4

    Depreciation will be the highest cost for any reasonably recent car.

    • Fwiw I am leaning towards the cheap end of the scale. Not something that will break down in a year but nothing too over the top basically hoping to get either five or ten years out of it maybe more if I take care of it well.

  • I have a 2016 diesel RAV4. Estimated yearly running cost for me is about $8000. I do about 5-600kms per week which inflates my yearly cost compared to yours. I also overestimated most expenses and added $500/yr assuming I buy tyres every 2 yrs.

    • Roughly $22/day or $154/week hmm not bad a bit pricey but not bad for a fairly recent car.

  • Servicing - 300
    Rego - 835
    Comprehensive insurance - 600
    Petrol - 900 - V6, approx 10k kms /year.

    Not including depreciation, tyres and other major repairs if needed - $2635 per year / $7.2 a day.

    • What car if I may ask and what was your purchase price?

      Those numbers are pretty good I think one of the best I have seen.

      Maybe LPG might be the only cheaper and I am fine with the drawbacks LPG comes with from reduced boot space and what not.

      • It's a 2008 Toyota Aurion, purchased in 2009 for 19k as an ex fleet with 10k on it. It's probably only worth 5-7k now, but as it's only done 110k it's still newish and servicing is still pretty low. You could probably buy a Camry/Corolla around the same price.

        • Nice thanks for the info.

          Yeah I definitely want to keep the budget below $8k if possible otherwise I might be waiting a long while although I think that is the sweet spot but still doing my research and etc yada yada.

          Can't think of many reasons why I would go over $10k hmm maybe if the extras were really awesome or useful or something but I feel like there is an after market add on or attachment for everything that would be priced at cheaper but I have to do my own research and studying also for that one maybe I'll make a post about it if I gather enough useful reliable intel for the benefit of others.

  • Buying it (time, money, hassle) plus depreciation plus selling (time, hassle) is a major cost too. It won't feel like it because after you spend $10k on a car, the fact that it's only worth $8k is hard to see - but you're worse off.

    Risks like major repairs are an issue too. So you buy newer… but then they depreciate more.

    Cheap-to-run cars for relatively low kms aren't as expensive as people say. Luxury cars is completely different.

  • I swear I've seen online calculators/articles for this?

  • $2540/year
    Including green slip, comprehensive insurance, rego, road tolls, road side assistance, tyres and servicing
    Not including petrol
    2014 Corolla

  • how longs a piece of string?

  • I've always used this calculator to get a pretty detailed breakdown of Total Cost of Ownership:
    http://www.freightmetrics.com.au/CalculatorsRoad/CarOwnershi…

    Only problem is you need to estimate the assumptions (Fuel cost, Km's per week, Tyre life).

    It doesn't include depreciation which as others have mentioned is the largest cost.

  • Currently $18.41 per day total cost of ownership including depreciation.

    Cheapest car I have run was a 20 yr old banger at $8.21 per day.

  • +2

    I've been collecting data on my 1999 Honda Legend for the past two years just for moments like this. Let's go:

    Overall Stats
    Purchase Price $2,800
    Days Owned 787
    Total km 35,903
    Avg L/100km 11.6
    $ Spent $/wk c/km
    Total $11,880 $105.67 33.1
    Running $9,080 $80.77 25.3
    Fuel $5,610 $49.90 15.7
    Licensing $1,991 $17.71 5.6
    Maintenance $1,480 $13.16 4.1

    This data has been built up from me documenting the details of every single dollar I've spent on the car up until today (everything from fuel to spare windshield wipers and coolant top ups). The car was cheap to buy, guzzles a bit of fuel, and hasn't had any significant mechanical issues, so all maintenance is regular.

    The total cost is every dollar spent on the car; the running cost is fuel+maint+licensing.

    I do not have automotive insurance, so that's why that's not there (controversial!).

    • as long as you don't hit anything expensive or get blamed, i guess you're ok. you're a crazy old man after all!

    • You are a true Ozbargainer! All hail crazyoldman

    • $105.67 / 7 = $15.10 to own/run/maintain the car per day.

      Not bad at all thanks for your participation and contribution to this thread.

    • Ultimately you should subtract what you eventually sell it for to get the depreciation, rather than counting the entire purchase price as a cost.

      Being a '99 model yours might actually start to appreciate now though!??

      If depreciation is $0 your daily cost would be $9080/787 days = $11.53 per day for 46 km each day (16,650 km a year).

      • You are more correct than you think w.r.t. appreciation - I got a Takata airbag recall notice recently offering me $3,650 for the car.

        Whilst this might seem pretty OzBargain, I'm not very happy with the recall as spinning the roulette wheel on a $2,800 car does not have good odds of keeping that maintenance cost down or keeping your resell price high. I've built up two years of confidence in this car, and feel I can predict its expenses well. That all goes away if I get another car :-(

  • I have a motorbike and a car… but I don't use either for too many kms and neither is insured besides CTP included in rego.

    2000 Prado petrol = $4.29 per day for 2500 km in past year (Assuming 15L/100 km @ $1.40/L means $525 in fuel. Plus $745.10 for rego and another $300 in maintenance, and I believe this 20yo 4x4 now has $0 depreciation/year.)

    Motorbike = $3.23 per day for 15,000 km in past year (Assuming 2.4L/100 km @ 1.40/L means $504 in fuel. Plus $330.15 for rego and another $300 in maintenance, and I believe this 10yo bike has about $50 depreciation per year)

    So bike AND car together = $7.52 per day or $2,754 per year for 17,500 km , including depreciation, fuel, rego and maintenance.

  • At one point I had a really cheap battered '84 suzuki swift that I calculated cost 10c per km, including everything, depreciation, fuel, rego, 3rd party insurance for the time I owned it.

    Would be about $3 per day @ 10,000km per year.

    This was about 20 years ago though, so probably double it now. Also depends a bit on luck of an old car not shitting itself, or being able to fix things yourself. I think the only drama I had was a holed radiator, cost me $100 for a second hand one, but might be expensive if you were relying on a mechanic or new parts.

  • 2013 camry = $8.8/day
    50k km, less than 10k per yr
    insurance + reg 1800
    self service 100
    fuel 25/week
    Depreciation: I will die before it does
    Soulless + depression + keep getting mistaken for Uber: Priceless!

    +$1000 every 5 years for major service = extra $3.8/day
    Spark plugs, breaks, tires (worst case estimation)

    • +$1000 every 5 years for major service = extra $3.8/day

      Wouldn't $1k over 5 years be an extra $0.55/day?

      • i fuel up once fortnightly and sometimes monthly. I didn't keep track of all of my expenses on fuel. but roughly $50-60 every time i refuel is an estimate. but when it was $2 a litre im sure it was much more than that!! so i avg it down to 25/week. im sure i dont spend $100 a month on fuel when i was only in the car for short distances.

      • yes you're right 3.8/week

  • I’ve been using an app called road trip for years to capture data. My car has averaged $12.21 per day over the last year, fuel, insurance, servicing, extra costs included (new battery and brakes in past year). Usually works out to a bit over $10.00 per day without extraordinary expenses. This does not include purchase cost or depreciation. But I held my previous car for ten years and aim to hold onto this one at least as long.

    • Cool I will check it out.

      What car do you drive btw?

      So far from friends, family and coworkers I have been told to go for something Japanese so I am leaning towards something Toyota now or maybe Honda but always on the look out in case some magical unicorn jumps right out.

      • I’m driving a Nissan Qashqai now. A bit less economical than my old Getz, which worked out to less than $8 per day.

  • The ATO has car allowance at 68c/km, that might have some merit based on the calculations above (prolly Inc depreciation).

    • -1

      So 30km work commute per day would be $20.40 per day or $102 per week assuming a 5 day work week @ 30km per day for only work purposes.

      So that means for every week I work assuming same work commute trip every day and no detours or road construction etc making the work trip longer I deduct $102 per week from my taxable income so if I work 50 weeks let's say that is 50 weeks x $102 = $5100 annual tax deduction.

      Am I doing this right?

      That's not bad actually.

      Is there a cap and I guess can you get deducted below the minimum tax threshold lol?

      I don't earn much as a cleaner barely above the tax threshold I think looking at less than $30k this year maybe might just tip $30k next financial year if I am lucky and play my cards right.

      But yeah thanks for all your help so far I really appreciate and hopefully someone reading this gets some passive benefit too.

      • +2

        Afaik you can't deduct your regular commute, you can for non-regular work trips however.

        • Thanks I think I got it now so irregular work related commutes not the usual work commute.

          • @AlienC: Not commuting really. You can claim trips from your place of work to another place of work - such as to a client meeting.

      • Also a deduction just reduces your taxable income, it doesn't make it free. At a 40% marginal tax rate a $100 deduction = $40 in less tax, so you still pay the other $60.

        But yes as mentioned you can't deduct your commute.

Login or Join to leave a comment