You probably don’t need an economist to tell you that the cost of living is on the rise. You know that when you’re heading out of the checkout and sighing at the amount you’ve just handed over to the supermarkets for your weekly shop.
And if you’ve been thinking that the cost of motoring is also on the rise, and taking an increasing slice out of your long-suffering pay packet, well unfortunately you’re not wrong there either. A recent story on SBS News highlighted the fact that transport costs rose by 13 per cent in 2023, and that’s more than three times the rate of inflation. While it differs a little from city to city, and from metro to country areas, the general trend is the same, and it’s been upward.
You probably don’t need an economist to tell you that the cost of living is on the rise. You know that when you’re heading out of the checkout and sighing at the amount you’ve just handed over to the supermarkets for your weekly shop.
And if you’ve been thinking that the cost of motoring is also on the rise, and taking an increasing slice out of your long-suffering pay packet, well unfortunately you’re not wrong there either. A recent story on SBS News highlighted the fact that transport costs rose by 13 per cent in 2023, and that’s more than three times the rate of inflation. While it differs a little from city to city, and from metro to country areas, the general trend is the same, and it’s been upward.
The SBS story points the finger at several culprits including the rising cost of insurance, the up-front costs of new vehicles, fuel costs, and the increasing financial strain of car loans. For those using toll roads it’s been particularly tough, with cost rising there, too. There is a little bit of good news among the gloom - those cost increases started to ease toward the end of the year.
Driving your dollar further
Now you might be thinking “well it’s tough alright, but unlike the grocery bill that I can adjust with a few savings here and there, there’s not much I can do about the cost of transport.” But you’d be wrong, because there are savings to be had, and Fleetcare is here to help you drive your motoring dollar further.
Those savings start with a Fleetcare novated lease, where the cost of running your vehicle comes out of your pay packet before the tax is taken out of it. That’s the total cost — the fuel, insurance, licensing, registration, the lot — all reducing your taxable income, leaving more in your pay each week for other things, and ideally pushing you into a lower tax bracket.
In the case of electric vehicles (EVs) those novated lease savings really add up, thanks to generous State and Federal government tax concessions, and the lower “fuel” and servicing costs of EVs.
Fuel card savings
But if an EV isn’t quite right for you, you’ll still save money on your fuel every day, thanks to your Fleetcare fuel card which gives you the benefit of discounted fuel from thousands of BP, Shell, and Ampol fuel stations across Australia. Not only that, but you won’t be paying GST on that fuel for the life of your lease.
You’ll also gain from Fleetcare’s bulk buying power on the purchase price of that car you’ve been dreaming about. And when it comes to insurance, you’ll gain again from Fleetcare’s ability to negotiate the best possible terms for you. That’s important, because when insurance premiums are rising in the face of increasing floods, storms and fires across Australia you need the strength of Fleetcare on your side.
So, as you can see, there’s a sure-fire way to beat those rising transport costs, and it starts by calling Fleetcare today on 134 333 for a chat about a money-saving novated lease for your next vehicle.