REVEALED: Weekly Cost of Running Your Car

We're paying more than last year

REVEALED: Weekly Cost of Running Your Car

Victorians driving new cars are paying an average of $207.84 every week to keep them on the road.

That's according to a new Driving Your Dollars study from the RACV, which reveals the average cost of owning and running a vehicle is up 1.6 per cent compared to last year.

A rise in interest rates, taxes and fuel cost and faster depreciation have resulted in the spike.

New technology is granting drivers some financial reprieve however, with better fuel economy seeing drivers pump 3.7 per cent less fuel into our cars. This was especially good news for diesel cars, with the average cost of fuel spiking a massive 5.5 cents per litre.

Check out the cost below: 

Source: RACV