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What a car really costs to run
Your loan repayment is one number. These are the others.
Before you choose a repayment, build a monthly picture of the whole car. We have deliberately left out dollar figures, since costs vary by state, model and how you drive. Instead, use this list to collect your own quotes.
| Cost | How to find your number |
|---|---|
| Registration and CTP | Use your state or territory transport authority's online calculator |
| Insurance | Get a comprehensive quote for the exact car and your postcode |
| Fuel or charging | Check the model's rated consumption and your weekly distance |
| Servicing | Ask a local mechanic or the manufacturer's capped-price servicing, if offered |
| Tyres and brakes | Ask what is due soon when you get the pre-purchase inspection |
| Roadside assistance | Optional, but price it if the car is older |
| Tolls and parking | Estimate from your regular routes |
| Repairs buffer | Set aside a monthly amount, especially for higher-kilometre cars |
Turning the list into a budget
Add the monthly equivalent of each item, then add the loan repayment. If the total makes your budget tight, that is useful information before signing rather than after. A cheaper car, a bigger deposit or a different term may help; so might waiting.
The ATO also has guidance if you use the car for work, and ASIC MoneySmart has budgeting tools. When your numbers look right, you can start a finance enquiry.
General information only. This page is not financial, credit, tax or legal advice and does not consider your personal situation. Figures are illustrative; actual rates, fees and eligibility vary by lender.