Did you know that transport costs have risen sharply since the start of 2021?
Here are some startling stats for you from research recently released by the Australian Automobile Association (AAA), Australia’s peak motoring body.1
14.6% of income
That’s how much the average household is spending on transport.
The average cost of mobility – an extra $44 per week since the start of this year.
Biggest hike since 2016
The Q1, 2021 result is the biggest quarterly cost increase since AAA’s Transport Affordability Index commenced in 2016.
8 key transport costs
The index looks at car loans, tolls, fuel, public transport, insurance, servicing and tyres, registration/CTP and licence fees, and roadside assistance.
6 ways we can help you save
The AAA index showed that rising fuel prices and car loan repayments – plus, in some cases, registration costs – were the main contributors to the increase across the first three months of 2021.
SG Fleet can reduce your cost of motoring with novated leasing – a clever way to lower your car expenses and help you save on tax. Here’s how:
Car price savings negotiated using our fleet buying power, reducing your amount financed
GST savings on the new car purchase
Reduced running costs – we act for you to avoid over-servicing and over-charging; and
Save the GST on servicing/repairs, insurance, tyres
Savings of at least 10% on fuel (GST savings, plus pre-negotiated fuel discounts)
Income tax savings – since your car expenses are partly paid from your pre-tax salary, your taxable income is reduced, thus increasing your take-home pay
Plus, with all car costs rolled into one regular payment, it makes managing the household budget a breeze.
There are some certainties in life – like tolls, licence and registration – that we can’t do much about. Public transport is also outside our wheelhouse.
But when it comes to reducing your cost of motoring, we’ve got you.