Vehicle owners ignoring high running costs

AutoExec Summary
A study by comparethemarket.com.au found that the annual running costs of a Toyota Corolla in Sydney could be as high as $14,051, over half of the car’s purchase price. RedBook’s study, based in Melbourne, calculated the total cost of ownership over five years to be $38,621, with lower annual running costs. The comparethemarket.com.au study also compared costs in other cities, with Sydney having the highest expenses. The breakdown of costs includes insurance, registration, maintenance, petrol, parking, tolls, and roadside assistance.

Brands mentioned: Toyota, RedBook