News Video | Policy | GPs | Hospitals | Medical | Mental Health | Welfare | Search

 

Results Of AA 2001-2002 Car Operating Costs Survey

22 May 2002

http://www.nzaa.co.nz/Online/Issues/May2002/Stories/Motoring/RunningCosts.htm

The cost of owning and running a car has fallen by an average of 14 percent since the same date last year, the annual AA Car operating costs survey has found.

The big winners were owners of 1.6 to 2.0 litre cars who have enjoyed benefits in both cost of ownership and running costs.

The average decrease in the cost of ownership was largely due to reduced interest rates (6.6% vs 8.6%) and reduced depreciation rates (17.0% vs 19.5%) this year and an increase in the average distance travelled per year from 12,000km to 14,000km - which shows that people are getting more value from their car purchase.

The average rate of depreciation, over the first five years, was: first year 26.7%; second 18.8%; third 14.8%; fourth 13.2% and in the fifth 11.7%.

Running costs are up very slightly for small cars with engines under 1.3 litres and large cars over 2.0 litres but are down for cars with mid-sized engines. Despite all the rises and falls the average cost of petrol increased only slightly by 3.96% for the year. Although tyres are not the most expensive item in car running costs the average increase of 22% was notable.

Car insurance also increased in price by around 25% with the larger car owners paying 32% over last year. Servicing costs increased on average by 3.7% but actually dropped slightly for the 1.6-2.0 litre category.

But while the overall average cost per kilometre has changed the effect varies considerably with the distance driven with those driving longer distances paying more.

The full results of this year’s Operating Costs Survey appear in the Winter 2002 edition of the Association’s magazine AA Directions.

For business purposes the IRD allows a flat 62 cents/km for the first 3000km

Ends

© Scoop Media

 
 
 
Culture Headlines | Health Headlines | Education Headlines

 


Howard Davis: Off The Hidden Path - Five Los Angeles Treasures (Part I)

The immense cultural diversity of LA provides an extraordinary variety of lifestyles and arhcitecture. Here are five 'hidden' destinations where the discerning traveller can appreciate and enjoy this unique and constantly evolving metropolis. More>>


City Of 100 Lovers: Multi-Million Dollar NZ Theatre Production To Launch

Produced in New Zealand with an $8 million budget, this musical comedy has been created with both locals and tourists in mind. More>>


Howard Davis Review: The Outsider Art of Tony Fomison

Among such gifted contemporaries as Bill Hammond, Tony de la Tour, and printmaker Jason Grieg, Fomison distinguished himself as highly idiosyncratic, and could have become wealthy, had not his demons prevented him from investing his income wisely. In his near monochrome oil painting on black hessian, he staked out a territory of morbid originality. More>>

Scoop Review Of Books: Immortal Love

The series has a wild-west tone with a steampunk vibe, so if you’re a fan of Joss Whedon’s Firefly or Joe Abercrombie’s Shattered Sea, then chances are you’ll enjoy this book. More>>

Howard Davis Review: The Trappings of Success - McQueen

This troubling documentary about the extraordinary life and untimely death of British fashion designer Alexander McQueen is a cautionary tale of an extremely gifted, but self-destructive soul caught up in a business that chews up and spits out its creative talent. More>>

Indycars: Dixon Wins Fifth US Championship

The New Zealand motor racing driver Scott Dixon has won the US Indycar championship for the fifth time, finishing second in the final race of the season in Sonoma, California. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • CULTURE
  • HEALTH
  • EDUCATION
 
 
  • Wellington
  • Christchurch
  • Auckland