The Economics of Owning a Used Car In Australia

The true cost of owning a used car in Australia in 2026 is far higher than the price tag. Fuel, rego, insurance, repairs, loan fees and depreciation all add up fast. This video breaks down the real economics of buying and running a second-hand car in Australia, using the latest data from the ATO, ACCC, ABS, ASIC, AADA and RAA. You'll learn why a 3 to 5 year old car can skip the steepest depreciation, what today's used car market means for your negotiating power, and which hidden costs and car loan traps to avoid. Chapters: 0:00 Used Car Costs in Australia 2026 0:53 True Cost of Car Ownership Per Kilometre 1:53 Car Depreciation Explained 2:58 Used Car Market 2026: Prices, Discounts and Stock 4:15 Used Car Repairs, Insurance and Private Sale Risks 5:48 Car Loan Fees and the ASIC Review 6:46 How to Buy a Used Car in Australia 7:44 Car Ownership and Building Wealth Check out the channel's playlists for more videos on money psychology, mindset, wealth habits, and financial minimalism and subscribe if you want to keep rewiring how you think about money. Money Psychology → https://www.youtube.com/playlist?list=PLN66gMJbnUcA Money Mindset → https://www.youtube.com/playlist?list=PLbo1A8amxkcQ Money Habits → https://www.youtube.com/playlist?list=PLWz-j5c1YKK0 Stealth Wealth → https://www.youtube.com/playlist?list=PLdyBYeaUYlsg Classic Wealth Books → https://www.youtube.com/playlist?list=PLIr4oHgSND94 How to Get Rich → https://www.youtube.com/playlist?list=PLbFi5lqftlNI Spend Less, Want Less, Feel Richer → https://www.youtube.com/playlist?list=PLfvzXIM6rxU8 Legal Disclaimer: This video is general information only. It does not consider your objectives, financial situation or needs, and it is not financial, legal, tax or credit advice. Money Mindset With Luke is not a licensed financial adviser or credit provider. Speak with a licensed professional before making financial decisions. 💬 Creator’s Note: Each video on this channel takes a lot of time to write, narrate, and animate with care. Yes, I use AI tools to help with voiceovers and visuals, but every message, script, and idea is crafted with intention and love, so you can understand money clearly and feel empowered to change your life. Thank you for being part of this project. 💛 #carcostsaustralia #usedcarsaustralia #personalfinanceaustralia