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The staggering cost of owning a car

Article image for The staggering cost of owning a car

The average Melburnian family are forking out $386 a week to use a single family car, according to the Australian Automobile Association.

Michael Case, Manager of Vehicle Engineering at RACV told Ross and John most people underestimate how much their car is costing them.

“Most people attribute the costs mainly to what they see on a regular basis, such as filling the car up with fuel, and they think that’s what it’s costing to operate a vehicle. But there are many other costs,” he said.

Mr Case said depreciation, insurance, registration, tolls, servicing, maintenance, tyres and fuel are all factors contributing to the cost of owning a vehicle.

He told Ross and John that, for many people, it is cheaper to use taxi or rideshare cars instead of owning a vehicle.

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