racv vehicle running costs 2023

Ah, the RACV’s 2023 vehicle running costs report—Australia’s version of a financial horror story with wheels. Expect to fork out roughly $12,000 to $15,000 per year for a typical mid-sized car, covering fuel, maintenance, depreciation, registration, insurance, and tyres. Fuel remains the wallet-buster, especially with petrol prices playing hopscotch, while depreciation is the silent assassin of your investment. Electric vehicles might nibble your budget less on fuel but beware the higher upfront costs and potential battery replacement. For the nitty-gritty, RACV’s official report is your best mate, or sift through listings on CarShowroom to gauge real-world costs.