Compare Audi, BMW, Ford, Holden, Honda, Hyundai, Kia, Mazda, Mercedes, Mitsubishi Motors, Nissan, Subaru, Suzuki, Toyota and Volkswagen on value for money in new cars.
Buying a new car is one of the biggest financial commitments you can make. But a car is also one of the quickest depreciating assets you can own, meaning you’ll need to think long and hard about which model – and price tag – is right for you. To help you decide, Canstar Blue undertakes an annual survey of Australian motorists who have bought a new car in the last three years. The idea is to find out which car brands are deemed to offer five-star value for money. After all, you can spend an absolute fortune on a new car – but that doesn’t mean it’s great value.
This year, more than 2,400 motorists took part in our research, with 15 car manufacturers included in the final ratings. But of them, only two received top marks on value for money.
There’s been a major shift in the car market in recent years, with overseas models previously labelled as ‘cheap and cheerful’ now giving the luxury models a run for their money, and potentially even beating them to the post. While Mitsubishi Motors and Kia are still some of the cheapest new options available, they don’t appear to have sacrificed quality for a smaller price tag, giving those on a tighter budget something to get excited about.
For the second year in a row, Kia has come out on top of the value for money category, indicating that Kia owners are satisfied with their car purchases, while some of the more luxury car brands appear to have struggled in comparison. Like we said, just because a new car is expensive, doesn’t mean it’s good value. While you might get distracted by the badge, you might want to look into all of your options before signing on the dotted line.
If you’re really looking to get the most value out of your purchase, or you’re just interested to see where your dream brand ranked, here is a further breakdown of our overall ratings for new cars in the value for money category.
Regardless of which brand you pick up, there are a number of ways that you can ensure that you get the most bang for your buck, with a few tips below to help you get the most out of your trip to the dealership.
While we all have that one dream car that we’d love to get behind the wheel of, it’s often the price tag that stands in the way. With price a big factor in which car you’ll drive off with, it’s important to make sure you’re getting the best deal possible at the dealership. Here are a few tips to help:
Ultimately, purchasing a new car will be an exciting time, with plenty of sleek, shiny and heart-racing models available to get your motor running. Despite the excitement however, it’s important to remember that a new car will also be an investment, as well as an expense, for years to come, meaning you may have to use your head to make the decision, and not your heart.
This report was written by Canstar Blue’s Content Projects Lead, Dean Heckscher. He’s our resident expert on all things automotive, health & fitness, streaming and more. Dean is also one of Canstar Blue’s customer research report producers, helping to turn complicated subjects into easily-digestible information for our readers. He’s passionate about helping consumers make better-informed purchase decisions on all manner of consumer goods and services.
Image credits: BlueSkyImage/shutterstock.com
Canstar Blue surveyed 9,000 Australian adults across a range of categories to measure and track customer satisfaction, via ISO 26362 accredited research panels managed by Qualtrics. 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, 2,401 people.
Brands must have received at least 30 responses 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.
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