Buying a new car can be a great milestone.. but too often, young Australians are weighed down by insurance and petrol costs that aren’t discovered until after the purchase.
When buying a new or used car, it’s important that you ask all the right questions about your vehicle, before deciding whether it’s really something that you can afford.
Of course, finance providers like Save on Finance can help you with attaining quick and easy finance for your car, but usually it can be the running and maintenance costs that can catch car buyers off guard.
When you buy a quality car – new or used – you want to be sure that you know what you’re in for.
Cars ranked highly for low operating and service costs might be the best place to look if you’re searching for a cheap and cheerful car that won’t break the bank when it comes to maintaining your vehicle.
So who’s the winner?
It’s no surprise that smaller vehicles tend to take the crown when it comes to budget-friendly operating and maintenance costs.
One of Australia’s cheapest cars is also the most affordable to own and operate is the Suzuki Alto hatchback. With a price tag of just $11,990, the Alto Hatchback has topped the Australian Automobile Association’s annual “running costs survey” three years in a row, despite running on premium fuel. Other runners up were the Toyota Yaris and the Mazda 2 in the light car class.
RACQ features a more comprehensive list of running costs for popular vehicles in the market. Click here to learn more
Once you’ve got your ideal car in mind, you should always think about what happens once you get it on the road. Understanding which cars are most economical to run could save you lots in the long term. So make sure that you’re informed before you buy, and check out our quick tips for keeping car costs down.
Our quick tips for keeping car costs down
- Before you visit a car dealership, make sure that you do your research! Check out car reviews on sites like CarsGuide, CarAdvice, WhichCar and Drive. The more sites you look through, the more likely you’re going to have a more holistic view on the car you’re about to commit to purchasing.
- Always be aware of hidden costs that might be associated with your vehicle. Does your vehicle have a typically good resale price? Check sites like Redbook for a ballpark figure on what you can expect down the track when it comes to selling your car.
- How much does your car cost to get serviced? Is it capped servicing? Or if your car is secondhand, is your car’s service history up to date? How big is your potential car’s petrol tank, and will it run on unleaded or premium fuel? Think about tyres, insurance, rego, stamp duty and spare parts when buying a car as well. It’s the things that you ask your salesmen about now that could have a better outcome for you in the long run.
- Check out insurance websites for quotes on the car that you’re about to purchase (in comparison to its next best alternatives), and make sure that you have planned for these types of payments before you get your car on the road.
If you’ve done your research, and you think it’s time to get into that brand new car, call Save on Finance for quick and easy car loans on 1300 303 987 today.