What is the average cost of owning a car in Australia in 2025-2026 is about $12,000 to $15,000 per year for a medium petrol car like Toyota Corolla or Mazda3 driving 15,000 km, according to RACV and NRMA ownership cost surveys. This total includes all costs, not just fuel. Breakdown is depreciation which is largest cost at $3,000 to $5,000 per year for a $30,000 to $40,000 car losing value, registration and CTP insurance at $800 to $1,200 per year in most states, $700 to $1,200 in NSW, comprehensive car insurance at $1,200 to $1,800 per year average, fuel at $2,000 to $3,000 per year for 15,000 km at 8L per 100km and $1.90 per litre, servicing and tyres at $800 to $1,500 per year, and interest on loan if financed at $1,000 to $2,000 per year. For a small hatch like Toyota Yaris driving 10,000 km, average cost is $9,000 to $11,000 per year. For a large SUV like Toyota LandCruiser or Ford Ranger driving 20,000 km, cost is $18,000 to $25,000 per year due to higher fuel, insurance and depreciation. Electric cars like Tesla Model 3 have lower fuel cost at $400 to $600 per year for electricity but higher insurance $1,800 to $2,500 and higher depreciation initially. According to Australian Automobile Association, average Australian household spends about 14% to 16% of income on transport, with car ownership being second biggest expense after housing.
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