How much does it cost to own a Hyundai ?
The cost of owning a Hyundai, the car you buy when you move into a new house or buy a house for a big sale, has been increasing in recent years.
But the latest figures from the National Insurance and Costing Authority show that in 2019, the average cost for a car with a gross value of $20,000 or more is $4,711, with prices for other vehicles rising to $7,846.
But this number may be underestimating the true cost of a Hyundai because it does not include the cost of the battery pack, the fuel for the car and the petrol used to power the car.
The National Insurance Authority says this is a “cost-of-living issue”.
“In the absence of such information, it is not possible to determine the true amount of vehicle ownership costs,” the NIAA said in a statement.
“For example, if an owner purchases a vehicle with a value of less than $20 million, the owner may be able to claim a tax deduction for the purchase amount.”
The NIAAs figures show the cost for owning a new car increased by nearly $1,000 in 2019 and was $2,898 in 2020.
A 2016 study by Australian Taxation Office (ATO) found that the cost to buy a car was $8,700 in 2019.
The cost for an older vehicle rose to $9,068 in 2020 and was again $4.8 million in 2021.
The ATO says the cost per kilometre for owning vehicles with a total value of more than $25,000 has increased from $3.2 in 2020 to $4 in 2021, while the cost increased by $0.3 per kilometer in 2021 to $5.5 in 2021 for cars with a combined value of over $50,000.
The NCAA’s annual report says that “cost of living increases significantly from year to year”.
The most expensive car to own in 2019 was the Toyota RAV4, which was $6,988.
It was the most expensive to own as a student in 2021 with a monthly cost of $9.4, or about $1 a day.
The most costly car for someone under the age of 55 was a Nissan Versa, which cost $721 a month.
It had a combined gross value (GV) of $50.9 million, or $1.27 a day, and a price tag of $14,500 a year.
The Nissan Versas most expensive rental was a Mercedes-Benz S63 AMG with a GV of $15,094.
This was the highest monthly rental, at $14.849 a month, but it had a monthly price tag that was just $3,000, or a quarter of a day’s rent.
It is the third-most expensive rental vehicle in Australia.
The cheapest rental was the Volkswagen Passat RS3 with a price of $6.9, or just $1 or two days’ rent.