|Toyota Yaris||Toyota RAV4||Hop Regular||When hiring a 2016 Yaris|
|INITIAL COSTS||On-Road Price1||$22,490.00||$39,990.00||One off joining fee
|MONTHLY COSTS||Depreciation2||$236.50||$399.83||Hourly Rate||$9.50|
|Registration, Insurance, WoF & Roadside Assistance3||$95.48||$106.14|
|Tyres, Maintenance & Servicing4||$55.47||$66.71|
|TOTAL PER MONTH6||$519.74||$841.87||~$216.007|
|COST SAVINGS PER MONTH||~$303.74 to 625.87|
|COST SAVINGS PER YEAR||~$3,644 to $7,510|
We save you time as well:
- Cleaning your car
- Vehicle administration, management and maintenance
- Looking for a car park
- Looking for and buying a new car
How were operating costs calculated?
1 Sourced from AA New Zealand New car prices list.
2 Depreciation calculated from ownership period of five years, with final value obtained from EECA residual value; Vehicle total cost of ownership tool.
“The residual value is […] based on the specific vehicle and its age and distance traveled. It is calculated based on third-party data from a variety of sources (e.g. auction houses), with an estimated degree of accuracy of 83%”.
3 Calculated annually as follows:
Registration: $156.77 for a Yaris, $134.69 for a Rav4 – including registration, ACC Levy and admin fee obtained from ACC NZ.
Insurance: Comprehensive cover for a Yaris at $850 and a Rav4 at $1000 based on averages of current insurance quotes for a 3-year-old car (half way through calculated lifetime), with similar excess, one 28-year-old male driver, parked outside in Newmarket/Epsom.
AA Roadside Assistance: $89 – figure obtained from AA Website.
WoF: $50 from an authorized Toyota service center.
4 Tyre costs estimated at $150 per Yaris tyre and $220 per Rav4 tyre, replaced after 25,000km.
Servicing costs obtained from Toyota NZ with the suggested servicing time at one year (occurring before 15,000km as per note 6).
5 Fuel economy obtained from rightcar.govt.nz; average fuel price used is $2.06, as reported by the Stats NZ Consumers price index for the June 2018 quarter.
6 Annual cost after km uses mileage of 10,220km, calculated as 365 times the average distance per day of 28km reported by the May 2014 New Zealand Household Travel Survey.
7 Average Cityhop usage cost per month.