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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

 

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