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4192 Private Vehicle Expenses

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4192 Private Vehicle Expenses

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									The average running costs shown in the Vehicle                          Club membership and driver’s                              Technical Advice                                       Approved Repairers
Reimbursement Rates below are developed from the
                                                                        license fee                                               (Free to members)                                      We have appointed a network of RACQ Approved
                                                                                                                                                                                                                                                    Facts on
averages for the combined vehicles in the respective
categories as listed in this brochure’s ‘New to 5-                      Club membership is based on basic RACQ Club Care.
                                                                        The fee for a 5-year Queensland driver’s license has
                                                                                                                                  Are you having a problem with a repairer?
                                                                                                                                  Would you like a second opinion?
                                                                                                                                                                                         Repairers who carry our recommendation. They abide
                                                                                                                                                                                         by the RACQ’s own Code of Practice, and they accept
                                                                                                                                                                                                                                                    Private Vehicle
years’ ownership cost tables.
Also shown is a table of the rates allowed by the
                                                                        been used.                                                Ask us anything about cars: Specifications,
                                                                                                                                                                                         that we will mediate if you are not happy. You can take
                                                                                                                                                                                         your repairs to them with full confidence. The directory
                                                                                                                                                                                                                                                    Expenses
Australian Taxation Office (ATO) when claiming a                        Fuel                                                      performance, regulations, repairs, fuel, costs… no
                                                                                                                                                                                         of RACQ Approved Repairers is available from any
deduction for the use of a private motor vehicle in                     Fuel costs at 87.3 cents/litre (ULP), 94.6 cents/litre    matter what the problem, we are at your service.
                                                                                                                                                                                         RACQ office or look for the RACQ Approved Repairer
conjunction with your employment.                                       (PULP), 88.2 cents/litre (diesel) and 30.45 cents/litre   We also run Car Care Courses in Brisbane for people    Sign.
For persons using their own car for business                            (LPG) that are based on the average price in Brisbane     interested in learning more about their vehicles.
purposes, the actual amount reimbursed by their                         for the last six months prior to the time of              Technical Advice
employer may be dependent on the particular award                       calculation.                                              Brisbane area phone:                      3666 9148        We trust this brochure has been helpful.
under which they are employed.                                          Where available, fuel consumption is calculated           Outside the Brisbane area:              1800 623456        You’ll be pleased to know it’s just one of the
                                                                        using road test data. Where such data was not             Car Care Course enquiries:                3666 9760
       Private vehicle reimbursement rates                                                                                                                                                   several titles available in the informative
                                                                        available, calculations are based on the standard fuel    E-mail:                      techadvice@racq.com.au
             (Average running costs)                                    cycle test, AS 2877 plus 15 percent as recommended                                                                   “Facts on ….” series.
 Vehicle Category              Cents/km                 Average         by the Society of Automotive Engineers (SAE-A).           Vehicle inspection bookings                                There’s a wide range of titles on technical
                                                      $ per Week
                                                                        State motoring club road test data is representative      BRISBANE metro On-Site                (07) 3845 4848
                                                                                                                                                                                             and motoring topics to help you make the
 Light                                                                  of realistic driving conditions therefore require no
 Up to 1600cc                      35.69                102.95                                                                      Spring Hill                         (07) 3845 4848       most of your car and they’re free to members
                                                                        compensation factors. ADR 81/01 could not be used,
 Small                                                                  as complete data was not available at the time of           Zillmere                            (07) 3845 4848       by contacting RACQ.
 1601 - 2000 cc                    47.39                136.70
                                                                        calculations.
 Medium
                                                                                                                                    Eight Mile Plains                   (07) 3845 4848
 2001 - 3000 cc                    59.18                170.72          Tyres                                                     IPSWICH                                     13 19 05
 Large                                                                  We assume replacement of tyres on the following
 Over 3000 cc                      63.33                182.67          basis: -                                                  GOLD COAST                                  13 19 05
 Compact 4WD                       57.97                167.23          • 4 tyres every 40,000 km                                 TOOWOOMBA                                   13 19 05
 Medium 4WD                        84.13                242.68          • Plus 1 tyre during the 5-year period due to             SUNSHINE COAST                              13 19 05
 Large 4WD                         88.78                256.11             puncture damage beyond repair
                                                                        Replacement costs include fitting and balancing and       BUNDABERG                                   13 19 05
                                                                                                                                                                                            This brochure has been prepared as a guide only.
       Private vehicle reimbursement rates                              in conjunction with replacing the four tyres the cost     ROCKHAMPTON                                 13 19 05   Individuals should carry out their own investigations to
                                                                        of a wheel alignment. Costs are at current retail
 Rate per kilometre allowed by the Australian Taxation Office for                                                                 MACKAY                                      13 19 05          satisfy specific requirements or situations.
 the 2003/2004 year:                                                    pricing. Tyre selection is based on the most suitable
                                                                        replacement for the original equipment branded tyre       TOWNSVILLE                                  13 19 05
                 Engine capacity                   Rate per kilometre
                                                                        or a tyre of equivalent specification of a different
 Ordinary cars           Rotary engine cars                                                                                       CAIRNS                                      13 19 05
                                                                        brand suitable for the vehicle.
 Up to 1600 cc           Up to 800 cc              51.0 cents
                                                                        Service and repairs                                                                                                                                                         The costs of
 1601 - 2600 cc          801 - 1300 cc             61.0 cents           Maintenance costs include servicing according to                                                                                    RACQ Operations Pty Ltd                 owning a car
 over 2600 cc            over 1300 cc              62.0 cents           the manufacturer’s schedule plus repairs and spare                                                                                     ABN 80 009 663 414




                                                                                                                                                                                                                                                                            N
                                                                                                                                                                                                                                                                          IO
 These running costs are allowable for vehicles travelling less than
                                                                        parts that are likely to be required for normal driving                                                                                     Agent for




                                                                                                                                                                                                                                                                        IT
                                                                        conditions and assumed annual distances.                                                                                 The Royal Automobile Club of Queensland Limited
 5,000 business km/yr and are the latest available at the time of




                                                                                                                                                                                                                                                                      ED
                                                                                                                                                                                                               ABN 72 009 660 575
 printing. For distances greater than this, we recommend that you       A labour rate of $81.00 per hour including GST has




                                                                                                                                                                                                                                                                     04
 seek advice from your accountant or the Australian Tax Office.
                                                                        been used.                                                                                                       BRO42P 08/04




                                                                                                                                                                                                                                                                   20
Introduction                                                             Interest                                                                                                                                             PRIVATE OWNERSHIP COSTS, NEW – 5 YEARS, @ 15,000 KM PER YEAR
This Schedule is a guide to the average cost of owning                   We have assumed 100% of the total cost of the new                                                                                            (standing costs shown as dollar values per week while running costs are shown as cents per km)
and operating vehicles for private purposes. It is based                 vehicle has been financed. The loan is from RACQ                                         Toyota            Honda       Hyundai            Kia           Nissan          Toyota        Holden         Mazda 3            Toyota         Mazda 6         Subaru       Holden VY II Holden VY II      Ford BA       Ford BA     Mitsubishi    Mitsubishi     Toyota
                                                                                                                                                                   Echo            Jazz GLi      Getz              Rio         Pulsar ST        Corolla       Astra City        Neo              Camry          Limited         Liberty      Commodore Commodore             Falcon        Falcon      Magna          Magna        Camry
on typical vehicles in various sizes available in Australia              Finance at 8.75% over a 5 year period, with a monthly
                                                                                                                                                                   1.3L              1.3L       XL 1.3L           1.5L         1.8L Auto         Ascent          1.8L           2.0L             Altise           2.3L           2.0L         Executive    Executive           XT            XT          ES            ES          Altise
and provides an indication of the likely areas of                        repayment schedule. Loan application and stamp duty                                      Manual           Manual       Manual           Manual          Sedan         1.8L Auto        Auto           Auto            2.4L Auto         Auto            Auto         V6 Auto       V6 Auto        4.0L Auto     4.0L Auto    3.5L Auto     3.5L Auto    3.0L Auto
expense. A minimum of the three top selling vehicles in                  fees have been included.                                                                3dr Hatch        5dr Hatch    3dr Hatch        5dr Hatch                        Sedan          Sedan          Sedan             Sedan           Sedan          Sedan           Sedan      Sedan LPG         Sedan       Sedan LPG      Sedan       Sedan LPG      Sedan
each class according to VFACTS sales figures have been
chosen to represent each class.
                                                                         Registration and insurance                                           STANDING COSTS
                                                                                                                                              Depreciation         41.63            48.23           38.65           34.19           50.46           54.38           55.99       51.66            75.60             79.65         81.34           86.07        91.29           82.86         84.20        96.17         98.91        78.96
                                                                         Registration and Compulsory Third Party Insurance                    Interest on Loan     16.51            19.56           15.34           13.87           22.79           24.71           26.02       24.80            29.70             31.77         34.11           35.71        36.80           35.40         36.82        35.91         36.57        33.36
All costs used in these calculations were current as at
                                                                         costs are current as at July 2004. Calculations include              Registration,
1st July 2004, unless otherwise noted.
                                                                         CTP cover provided by RACQ Insurance. See note†                      Insurance,
In response to fuel price variations, we have again                      below.                                                               License and RACQ
included three popular large cars running on LPG                                                                                              Membership Costs     18.53            17.29           18.36           17.29           20.18           19.79           19.60       19.79            18.70             21.45         21.01           20.81        20.81           19.17         19.18        20.46         20.46        20.28
                                                                         RACQ comprehensive insurance rates are based on the
alongside their petrol only equivalents. Both the Magna                                                                                       RUNNING COSTS
                                                                         assumption that the driver is male and between 31 and
and Commodore are dual fuel models (ie. petrol and                                                                                            Fuel                  5.06             5.41            6.02            6.37            9.32            6.90            8.21           7.77             9.69           8.23            8.95         10.74          5.30          11.26          5.40        10.30          5.12        10.04
                                                                         54 years, carries a $350 basic excess, has an average no
LPG systems fitted) whilst the Falcon is an LPG only                                                                                          Tyres                 1.03             1.03            0.64            0.55            1.11            1.18            1.65           1.28             0.88           1.28            1.45          0.78          0.78           1.15          1.15         0.98          0.98         0.88
                                                                         claims bonus, the car will be garaged at an average risk
model. LPG systems are manufacturer optional                                                                                                  Service/Repairs       2.51             4.24            3.14            2.93            4.43            3.73            4.70           4.03             3.02           3.56            4.13          2.88          3.40           2.71          2.71         2.72          2.91         2.95
                                                                         postcode, the vehicle is financially unencumbered and
equipment✪.
                                                                         that market value cover applies. Rates are for private               TOTAL COSTS
Please note that standing costs are shown in the tables as dollars per
                                                                         use.                                                                 Average
week amounts. Running costs such as fuel, tyres and service are                                                                               cents per km         35.19            40.17           34.89           32.51           47.25           46.08           49.77       46.45            56.58             59.13         61.83           63.83        61.10           62.76         57.87        66.88         63.07        59.84
shown as cents per km. The totals are shown as cents per km and as                                                                            Average
total dollars per week.                                                      Registration fees – Queensland                 (as at 1/7/04)    $ per week         $101.50          $115.89      $100.65              93.78      $136.30         $132.93        $143.58         $133.99          $163.21          $170.58       $178.36         $184.11       $176.25        $181.05         166.93     $192.92       $181.93       $172.62
                                                                          Cylinders                      4              6                8
CALCULATION PERIODS AND                                                                                                                                                                                                       PRIVATE OWNERSHIP COSTS, NEW – 5 YEARS, @ 15,000 KM PER YEAR
                                                                          Total $ Payable†            566.85         669.90          788.00
DISTANCES                                                                                                                                                                                                             (standing costs shown as dollar values per week while running costs are shown as cents per km)
                                                                         Note: There is a plate charge for new registration of $19.35.                                 Toyota             Kia          Holden           Holden          Ford BA          Honda            Nissan         Toyota              Subaru         Honda           Toyota       Mitsubishi        Nissan        Toyota        Nissan         Toyota       Nissan
Private motoring                                                         †Total fee includes CTP cover provided by RACQ Insurance.                                   Tarago Gli       Carnival LS      Zafira            WK             Fairlane        Accord           X-Trail          RAV4               Forester        CRV             Prado         Pajero        Pathfinder    Landcruiser     Patrol      Landcruiser     Patrol
Calculations have been made for an annual distance of                    Total fee may vary slightly from those shown depending on CTP                                  2.4L             2.5L           2.2L          Statesman          Ghia           V6 3.0L             ST             CV                   X                             GXL           GLS              Ti         GXL 4.7L      ST 4.8L       GXL 4.2L      ST 3.0L
                                                                                                                                                                        Auto             Auto           Auto           V8 5.7L          V8 5.4L          Auto           2.5L Auto      2.4L Auto            2.5l Auto      2.4l Auto       4.0l Auto     3.8L Auto       3.3l Auto      V8 Auto      6 cyl Auto    Turbo Diesel Turbo Diesel
15,000 km. They are based on buying a new vehicle and                    insurance provider actually chosen.
                                                                                                                                                                                                                         Auto            Auto                            Wagon         5d Wagon              Wagon          Wagon                                                        Wagon         Wagon       Man Wagon Man Wagon
operating it for 5 years.
                                                                                                                                              STANDING COSTS
Depreciation                                                                                                                                  Depreciation            120.51             65.77              83.76       128.67          132.86              81.84           70.23            74.02            71.73          70.23          120.96        126.50          105.19         115.25       108.92         131.54         98.46
Annual depreciation for private vehicles is calculated                                                                                        Interest on Loan          51.15            30.60              34.38           58.26           59.64           40.46           34.58            33.40            34.11          34.58           54.45          55.04           48.38         61.13         56.36         69.50         50.54
using the market rates for each manufacturer as taken                                                                                         Registration,
                                                                                                                                              Insurance,
from reputable pricing and vehicle data guides.                                                                                               License and RACQ
The purchase price includes air conditioning and an                                                                                           Membership Costs          21.01            22.38              19.79           30.05           26.04           22.83           20.80            20.59            21.45          22.15           23.50          22.38           21.37         26.55         21.57         24.73         19.79
average dealer delivery charge of $1670#✪.                                                                                                    RUNNING COSTS
                                                                                                                                              Fuel                         8.99          11.44              10.13           12.66           12.83            9.17            9.08             8.47             8.38           8.82           11.09          11.61           11.61         16.19         17.29           9.08        11.36
Notes:
                                                                                                                                              Tyres                        1.28             0.95             1.41            1.48            1.45            1.31            1.41             1.28             1.41           1.28            1.78           1.88            1.55          1.95          1.78           1.95         1.78
#Purchase prices are list prices as at July 2004.
                                                                                                                                              Service/Repairs              3.88             3.11             4.14            3.01            3.02            3.69            3.93             3.74             3.91           4.12            4.21           3.14            5.22          4.75          5.75           5.68         5.69
✪Purchase prices include optional LPG equipment where shown.
                                                                                                                                              TOTAL COSTS
                                                                                                                                              Average
                                                                                                                                              cents per km              80.94            56.66              63.49           92.37           93.06           64.48           57.96            57.87            57.83          58.23           86.03          87.33           79.02         93.24         89.59         94.97         77.34
                                                                                                                                              Average
                                                                                                                                              $ per week             $233.49          $163.45           183.15         $266.45         $268.43          $186.00         $167.20            $166.92          $166.81        $167.96         $248.17       $251.91         $227.95       $268.96       $258.43        $273.96      $223.10

								
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