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Rent or buy the car?

A rideshare rental against owning: weekly cost with fuel, insurance, servicing and what the car loses in value.

Your driving
km
per 100 km

Litres, or kWh for an electric car

$per L or kWh
Buying
$
$

A guess: check what similar cars with high km sell for

years
$a year

Rideshare cover costs more than private

$per km
$a week
Renting
$a week

From the quote you have

Weekly cost

Buy

$354

a week

Rent

—

Add the weekly rent

Fuel, either way$110
Value the car losesPrice less resale, spread over the km you'll drive$111

Renting also means no deposit, a replacement car in repairs, and walking away when you stop. Buying means the car is yours at the end. Check what the rental contract includes, and any bond or excess.

The thinking behind it

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  • What insurance really costs

    A premium is a yearly number and you earn by the hour. See it per hour and per kilometre, compare two quotes on excess as well as price, and price what a write-off would actually cost you.

Track it for real.

DriveWise AI works this out from every shift you log, whichever apps you drive for, and builds your car logbook, BAS figures and year-end file as you go.

Try 7 days free