Australia’s most affordable medium-sized passenger cars
According to RACV’s Driving Your Dollars survey, which analysed the cost of owning and running 79 of Australia’s top-selling cars, the most affordable family car is a hybrid.
The survey, which takes into account the initial puchase price, loan repayments, fuel costs, servicing, tyres and on road costs such as registration, insurance and auto-club membership, averaged over five years, found that the Toyota Camry Ascent is the cheapest of the best-selling medium and large passenger cars and SUVs in this year’s survey. The Camry Hybrid has the lowest fuel, servicing and tyre costs of the family-friendly offerings surveyed, resulting in an average monthly cost of $1001.42.
Toyota’s petrol-powered Camry Ascent, which is priced $2000 less than the hybrid, is the next cheapest family car to own and run, costing $1015.76 per month. The soon-to-be-replaced Skoda Octavia 110TSI Sport wagon is third with a monthly spend of $1138.49. The priciest medium passenger car surveyed is Honda’s petrol-powered Accord VTi-LX at $1485.20 a month, but that’s largely due to a higher purchase price than others in the category.
Medium passenger cars are the most affordable category of family-friendly car on the market, with an average of $1157.02 per month, cheaper than medium SUVs, with an average monthly cost of $1232.62, people-movers ($1364.58) and large SUVs ($1432.98).
Australia’s most affordable medium SUVs
Medium SUVs are the biggest single market segment in Australia in 2020. They’re large enough to appeal to younger families, but not so big that they put off older folk, couples or singles.
The Mitsubishi Outlander has been around in current third-generation guise since late 2012, but it still represents excellent value for money. It is the cheapest medium SUV to own and run this year at $1166.73 a month for the all-wheel-drive (AWD) ES.
However, it holds that position by a whisker. The Toyota RAV4 petrol all-wheel-drive GXL is just 40 cents behind it on $1167.12. Mazda’s 2-5-litre petrol AWD CX-5 Maxx comes third at $1178.74, just ahead of another RAV4 – the hybrid 2WD GXL on $1190.03.
Subaru’s Forester petrol and the recently introduced hybrid sit in the middle of the pack, but the title of priciest medium SUV surveyed belongs to the Hyundai Tucson Elite AWD turbo at $1345.97 per month.