The average Australian now expects that the annual cost of running a vehicle (including registration, insurance, fuel and maintenance) is $15,754.
78 cents per kilometre for 2022–23. 72 cents per kilometre for 2020–21 and 2021–22. 68 cents per kilometre for 2018–19 and 2019–20. 66 cents per kilometre for 2017–18, 2016–17 and 2015–16.
Anything that is listed as less than 6-litres/100km or more than 16.5km/1-litre is considered to be pretty good. The first (and most common) reference is litres per 100km (litres/100km). This is how many litres of fuel the car needs in order to travel 100km. You'll often see it referred to as 'fuel economy'.
The running costs of a business are the amount of money that is regularly spent on things such as salaries, heating, lighting, and rent.
The current ATO mileage rate 2021
Starting from the 2021 financial year, the mileage rate for cars (motorcycles or vehicles with a carrying capacity of one tonne or more, or nine or more passengers, such as a utility truck or panel van) using the cents per km method is $0.72 per km driven for business.
A fuel-efficient vehicle might burn 8L per 100km at $1.50 per L, that works out to $12 per 100km driven. Driving 10,000km to 20,000 km per year would result in fuel costs of $1,200 to $2,400 per year. A larger and less fuel-efficient vehicle might burn 12L per 100k which works out to $18 per 100km.
⇒ The ACCC has estimated that the retail sector as a whole (fuel and nonfuel sales) has earned net profit at an annual average rate of 2.1 cents per litre for the past 9 years. According to ACCC Reports: ⇒ The average net profit on fuel over the past 9 years was 1.3 cents per litre.
“International benchmark prices and the value of the Australian dollar have the most influence on the price consumers pay for fuel,” the ACCC said on its website. “Pricing decisions by wholesalers and retailers, and levels of competition in different locations [also] influence fuel prices.”
On average, a car does around 20,000 km per year, so if the vehicle in question has performed more than this, then there are probably better options out there. Rust is another absolute deal breaker as it will only continue to deteriorate and parts for imported cars can often be rather expensive.
In general, buyers often want the car they are buying to have less than 100,000 kilometres on the clock at the time of purchase. But the truth is, there is no such thing as a car having been driven for 'too many kilometres'.
If you're looking at a 2-year-old car with 100,000kms on the odometer, the vehicle has likely been extremely well used and may need maintenance sooner than desirable. Kilometres can mean very little if the vehicle has been meticulously contained.
Average age of all vehicles registered in Australia was 10.1 years, unchanged since 2015. Tasmanian vehicles reported the oldest average age at 12.8 years, whilst the Northern Territory and Australian Capital Territory had the youngest fleet with an average age of 9.4 years.
In general most cars don't last more than 350,000km unless they've been well looked after. However this will depend on the make of the car and how well it has been maintained. Obviously the older the car, the more wear it has had, and the closer to the end of its life it will be.
Long-run average total cost (LRATC) is a business metric that represents the average cost per unit of output over the long run, where all inputs are considered to be variable and the scale of production is changeable.
the money you need to spend regularly to keep a system or organization working: With lower running costs many companies have healthy balance sheets. Want to learn more?
How Do You Calculate Fuel Cost Per km? To calculate the per km fuel cost, you need to divide the mileage or fuel efficiency you're getting or expecting from your petrol, diesel or CNG vehicle. Then you need to divide the cost of one unit of fuel by this fuel efficiency number.
The average yearly salary in Australia is 90,800 AUD (USD 60,355). Let's go through a few key indicators of the average earnings in Australia so you can fully understand salary statistics and trends in the country.
Compare the Market's Bill Shock Tracker survey found that the average cost of petrol in Australia is $117 a month, or $1,404 a year.
Broken down by cities – Adelaide and Perth have the cheapest average at $340 per week; Darwin, Hobart, Melbourne and Brisbane average around $390 to $400 per week; and Sydney and Canberra around $480 to $495 per week.