Car running costs can really eat into the family budget, and new research has revealed some models are costing Queenslanders up to $22,000 a year.
The RACQ has examined the running costs of a record 139 vehicles, taking into account all expenses associated with private car use including interest, fuel, new tyres, servicing, insurance, government charges and depreciation.
The Toyota Landcruiser V8 topped the list for dearest non-electric vehicles, setting owners back a whopping $19,527 per year.
The Mitsubishi Mirage ES was found to be cheapest car to own and run in Queensland with an annual cost of $5,831.
When it comes to small SUVs, the Suzuki Vitara RTS is the cheapest to run at $7,783 per year. The most expensive is the Mitsubishi ASX LS 2.2L diesel 4WD at at $10,446 per year.
The RACQ’s Steve Spalding said the report highlighted how motorists could save thousands of dollars each year if they either downsized their car or sought the cheapest in class.
“Drivers can save a lot of money by making informed choices when buying a car,” he said.
“If you want a particular class of vehicle, look for the cheapest to own and operate in that class and in some cases, you could pocket as much as $125 extra a week.”
Mr Spalding said increased registration and fuel costs had driven up the price of car ownership.
“Queenslanders fork out the most in registration and licensing fees which have skyrocketed nearly 15 percent in the last four years,” he said.
“Unleaded petrol prices jumped almost 10 cents a litre on average this year, and the often-forgotten vehicle depreciation factor can really sting at resale time.”
To read the full survey, visit racq.com/runningcosts