What does it cost to run your car? Size does matter
LITTLE cars mean big savings for NSW drivers.
There is a huge divide between the state's five cheapest and five dearest cars to run.
An APN Newsdesk analysis of NRMA data reveals the six-speed Hyundai i20 Active - at $94.64 - is the cheapest car to own, while the most expensive - the Mercedes-Benz C63 AMG Edition 507 wagon - will set you back an average $967.13 a week to operate.
The figures take into account purchase price, interest, fuel, new tyres, insurance and depreciation.
Rounding out the five cheapest cars are the Mitsubishi Mirage ES (SP manual), costing $96.93 a week to run; the Mitsubishi Mirage Sport ($100.39); the Mitsubishi Mirage ES automatic FWD ($104.38); and the four-speed Hyundai i20 Active ($104.43).
Joining the Mercedes-Benz C63 AMG Edition 507 wagon on the dearest vehicle list are the Mercedes-Benz C63 AMG V8 wagon ($885.97); the Audi RS4 Avant Quattro ($835.30); the Lexus IS ($682.70); and the Audi S5 ($661.04).
APN Australian Regional Media motoring expert Iain Curry urged new car buyers to do their homework before signing on the dotted line.
"Analyse what you'll need from your car in the short and long term," the car reviewer and journalist said.
"For example, will you be travelling long or short journeys, do you really need those extra seats and luggage space, and do you need 4WD capability?
"Once you've established that, identify the market segment which suits those needs."
Mr Curry said doing a simple comparison could save thousands of dollars.
"Compare models within that segment, taking fuel consumption, servicing and depreciation into consideration," he said.
"Websites, magazines and newspapers give excellent, unbiased expert reviews for all cars for sale in Australia, so make sure you do your research and go armed with knowledge to a dealership."
Mr Curry said shopping around and striking a bargain would also help the bank balance.
"Look for dealer finance and special promotion offers, and don't be afraid to haggle," he said.
"We have over 60 car manufacturers selling in Australia and they all want your business."
NRMA president Kyle Loades said online tools such as his organisation's Running Costs Calculator could help buyers save a lot of money.
"When you can compare the running costs of three or four different new vehicles you might be interested in buying, you can get a true idea how much more expensive one may be to run compared to another," Mr Loades said.
- APN NEWSDESK