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In the market for a new family car or large SUV? RACV’s annual Car Running Costs survey highlights the cheapest and most expensive people movers to own and run in 2022.
Sometimes when you’re looking for a new family wagon, it comes down to one thing: size; especially if you’re chauffeuring half a football team around town every weekend.
But more often than not, more space means increased cost, adding additional price pressures to already stretched family budgets.
The good news is, there are still plenty of affordable, family-friendly cars on the market.
Despite seven-seat wagons being the more affordable family car segment overall, the cheapest family car to own and run in 2022 is actually an SUV, according to the results from RACV’s latest Car Running Costs Survey.
This year, the survey has compared 11 of the top-selling seven-seat cars, wagons, and large SUVs to determine which are the cheapest to own and run. It factors in purchase price, loan repayments, fuel use, tyres, servicing and on-road costs – including insurance, registration and auto club membership. These costs are then averaged out over a five-year period to determine which cars in each category offer the best bang for buck.
Not including loan repayments, which make up about 72 per cent of a family car’s ongoing expenses, on-road costs account for 13 per cent, fuel takes an 11 per cent bite, while servicing and tyres account for just 4 per cent.