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Vehicle costs

Calculate stamp duty, total on-road costs, and compare outright purchase with loan options for vehicles.

Worked examples

Calculating stamp duty

Straightforward

Problem

A car is purchased for $24,000\$24{,}000. Stamp duty is charged at 3% of the purchase price. Calculate the stamp duty payable.

Total on-road costs

Moderate

Problem

A car has a purchase price of $30,000\$30{,}000. Stamp duty is 3% of the purchase price, registration costs $380\$380 and CTP insurance costs $650\$650. Calculate the total on-road cost.

Comparing outright purchase with a loan

Challenging

Problem

A car has a cash price of $24,000\$24{,}000. A loan option requires a $4,000\$4{,}000 deposit and 48 monthly repayments of $490\$490. Calculate the total interest paid and express it as a percentage of the cash price.

Practise

Q1·Straightforward
A car is purchased for $18,000\$18{,}000. Stamp duty is charged at 3% of the purchase price. What is the stamp duty payable (in dollars)?
Q2·Straightforward
A car is purchased for $25,000\$25{,}000. Stamp duty is charged at 3% of the purchase price. What is the stamp duty payable (in dollars)?
Q3·Straightforward
A vehicle is purchased for $32,500\$32{,}500. Stamp duty is 3% of the purchase price. What is the stamp duty payable (in dollars)?
Q4·Straightforward
A vehicle is purchased for $45,000\$45{,}000. Stamp duty is charged at 3% of the purchase price. What is the stamp duty payable (in dollars)?
Q5·Moderate
A car has a purchase price of $22,000\$22{,}000. Stamp duty is 3% of the purchase price, registration costs $350\$350 and CTP insurance costs $600\$600. What is the total on-road cost (in dollars)?
Q6·Moderate
A vehicle costs $38,000\$38{,}000. Stamp duty is 3% of the purchase price, registration costs $420\$420 and CTP insurance costs $780\$780. What is the total on-road cost (in dollars)?
Q7·Moderate
A used car is purchased for $15,000\$15{,}000. Stamp duty is 3% of the purchase price, registration costs $290\$290 and CTP insurance costs $530\$530. What is the total on-road cost (in dollars)?
Q8·Moderate
A vehicle is purchased for $54,000\$54{,}000. Stamp duty is 3% of the purchase price, registration costs $480\$480 and CTP insurance costs $860\$860. What is the total on-road cost (in dollars)?
Q9·Challenging
A car has a cash price of $28,000\$28{,}000. A loan option requires a $5,000\$5{,}000 deposit and 48 monthly repayments of $560\$560. What is the total amount paid under the loan option (in dollars)?
Q10·Challenging
A car has a cash price of $28,000\$28{,}000. A loan option requires a $5,000\$5{,}000 deposit and 48 monthly repayments of $560\$560. What is the total interest paid under the loan option (in dollars)?
Q11·Challenging
A car has a cash price of $19,500\$19{,}500. Under a finance deal, the buyer pays a $3,000\$3{,}000 deposit and 36 monthly repayments of $510\$510. What is the total cost of the finance option (in dollars)?
Q12·Challenging
A car has a cash price of $35,000\$35{,}000. A loan option requires a $7,000\$7{,}000 deposit and 60 monthly repayments of $530\$530. What is the total interest paid expressed as a percentage of the cash price? Give your answer rounded to the nearest whole number.