Cars – Value for Money – 2014 Ratings

Posted by Canstar Blue November 5th 2014

You are viewing the archived 2014 ratings for Car Manufactures, Value for Money Award. Go to the current value for money ratings for car manufacturers.

5 ways to save money on your new car

After purchasing, new car costs can quickly pile up. Besides the obvious points to make (only drive it on the weekends, don’t speed everywhere, etc.) here are five ways Canstar Blue knows about to save money on this long-term investment.

Invest in a five-star brand

Value For Money Car BrandsThe biggest savings you’ll make will be decided before you pick up the keys – these savings happen during the research stage. What kind of car do you need? Which models are most efficient? These are big questions, and our ratings can help.

Finishing with value for money awards this year were Kia, Mitsubishi, and Suzuki. Each brand is well-known in the market for – you guessed it – their affordable vehicles. However, ‘value for money’ means that customers consider what they paid as money well spent considering all the features and functionality they got from their purchase.

Make sure you check out the rest of our results in the results table above.

Purchase your car during the EOFY sales

This one is barely worth mentioning to any savvy shopper, but we’ll say it anyways. Manufacturers need to get rid of plenty of inventory by the End of Financial Year – so take advantage of the sales and snatch a bargain while the going is good. Plan out when you’ll sell your current car at the start of the year specifically so you can have the money ready to buy your new one by June.

Be selective with your fuel

It’s important to know what you’re putting into your car. For example:

  • Regular unleaded is the stock standard fuel that will work in many vehicles. However, it doesn’t burn as clean or as efficiently as its big brother: Premium Octane. In fact, regular 95 Octane can leave sediment in and around your fuel injectors (depending on your vehicle, obviously). It costs more, but it can give you better mileage and cause you less grief.
  • E10 – an ethanol blend of petrol – is great for newer engines that can process the fuel efficiently. If you’re driving something older, or incompatible, it will actually damage your engine over time. Here’s a list from the Federal Chamber of Automotive Industries, detailing which cars can use E10.

Service it regularly, but seek out the cheapest options

In our most recent survey results, we found that 38% of Australian new car owners shopped around for the lowest servicing quote before making their decision. This increased to nearly 1 in 2 when we asked respondents from Gen Y and X.

It’s so easy to shop around – simply call a bunch of mechanics and see what prices they have on offer. Taking the car to the shop and getting a quote shouldn’t cost you much either, so make sure you do the legwork – the chances are you’ll find a good mechanic eventually and you can stick with them for a long time.

Sell it faster than it can depreciate

Your new car will depreciate at a rate of 14% a year for the first three years you own it, according to Choice Australia. In the years following that, it’s more like 6-8% annually, but this still means that in just five years the value of your investment will plummet by half, and that’s not to mention the amount of money you spend on maintaining it. You should keep this in mind when you go to purchase, and consider cycling through your car investments every couple of years.

How we rated new cars

Canstar Blue commissioned Colmar Brunton to survey 5,000 Australian drivers across a range of categories to measure and track customer satisfaction. The outcomes reported are the results from customers within the survey group who have bought a brand new car from a dealership in the last three years – in this case, 1,805 Australians.

Each brand must have received at least 30 responses in order to be included. Results are comparative and it should be noted that brands receiving three stars have still achieved a satisfaction measure of at least six out of 10. Not all brands available in the market have been compared in this survey.