Cheaper to Rent then Buy?
We
can show you a saving of $10-14,000 in 5 years what could
you do with that?
Do you need a car every day? Here is a comparison with
RENT V'S BUY
Perhaps combine Public transport and rental for a further
saving? A Tax saving also.
Find out how much it costs to own and operate your car
from RACV
| Purchase Price $22,000 |
|
|
| (5yrs 13%) |
Per Month |
Per Year |
| Repayments |
$500 |
$6000 |
| Rego |
$53 |
$630 |
| Insurance |
$117 |
$1400 |
| Service (Schedule X 2) |
$100 |
$1200 |
| Service (Unscheduled) |
$25 |
$300 |
| Tyres |
$25 |
$300 |
| Battery (x2) |
$30 |
$360 |
| Depreciation (see
below) |
$250 |
$3000 |
| |
|
|
| Total |
$1,130 |
$13,550 |
Car Rental
$900 p/m |
|
|
| |
Per Month |
Per Year |
| |
|
|
| Total |
$900 |
$10,800 |
Car Rental includes Maintenance, Cleaning, Rego, Insurance
and you can upgrade anytime. Change into a People-mover,
Commercial
or Sports
Car, take the advantage.
| Comparision |
1 year |
5 years |
| Purchase |
$13,550 |
$67,750 |
| Rent |
$10,800 |
$54,000 |
| Total Savings |
$2,750 |
$13,750 |
| Calculation of Depreciation |
|
| Purchase less Sale Price |
$22,000 |
| Trade In (variance make/model) |
-$7,000 |
| |
|
| Total |
$15,000 or
$250 p/m |
Need anything else? Not a problem phone, fax or use our
contact
form for any information you may require.
