29/11/2025
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Victoria Ute & EV Cost Comparison VIC AUD
6-Vehicle Total Cost of Ownership - Victoria Australia Market (All prices in AUD)
Nissan Navara - $38k Diesel
Toyota Hilux SR5 - $70k Diesel
Tesla Model Y Juniper - $65k NEW
Tesla Model Y 2024 - $46k USED (35k km)
GWM Cannon Alpha - $50k Diesel
BYD Shark 6 - $57k PHEV
📊 Victoria Cost Assumptions (15,000 km/year typical usage)
Navara ST ($38k): Diesel $2,800/yr (@$2.00/L, 9.5L/100km), Service $600/yr, Rego+TAC $950/yr, Insurance $1,100/yr
Hilux SR5 ($70k): Diesel $2,850/yr (@$2.00/L, 9.5L/100km), Service $750/yr, Rego+TAC $950/yr, Insurance $1,400/yr
Model Y Juniper NEW ($65k): Electricity $900/yr (@$0.33/kWh, 18kWh/100km SUV), Service $300/yr, Rego+TAC $750/yr, Insurance $1,300/yr
Model Y 2024 USED ($46k, 35k km): Same running costs as new, already depreciated $19k, starting point reflects used condition
GWM Cannon ($50k): Diesel $2,900/yr (@$2.00/L, 9.7L/100km), Service $700/yr, Rego+TAC $950/yr, Insurance $1,250/yr
BYD Shark 6 ($57k): Fuel+Elec $1,600/yr (mixed), Service $550/yr, Rego+TAC $950/yr, Insurance $1,350/yr
Depreciation: Navara $1,600/yr | Hilux $4,000/yr | Model Y New $7,500/yr | Model Y Used $5,200/yr | GWM $4,500/yr | BYD $5,500/yr
Note: Used Model Y already has 35,000km and 1 year of depreciation baked in. Victorian EV rego discount ($100 saving)
🥇 Nissan Navara ST (8 years)
$60,600
Total cost of ownership
Annual: $7,575/yr
Depreciation: $17,000
Running: $43,600
BEST VALUE
🥈 Tesla Model Y 2024 Used (8 years)
$67,800
Total cost of ownership from purchase
Annual: $8,475/yr
Depreciation: $41,600
Running: $26,200
Used EV bargain!
BYD Shark 6 PHEV (8 years)
$79,600
Total cost of ownership
Annual: $9,950/yr
Depreciation: $44,000
Running: $35,600
Hybrid saves fuel but depreciates
GWM Cannon Alpha (8 years)
$81,200
Total cost of ownership
Annual: $10,150/yr
Depreciation: $36,000
Running: $45,200
Budget Chinese option
Toyota Hilux SR5 (8 years)
$87,600
Total cost of ownership
Annual: $10,950/yr
Depreciation: $38,000
Running: $49,600
Premium but holds value
🔴 Tesla Model Y Juniper NEW (8 years)
$90,000
Total cost of ownership
Annual: $11,250/yr
Depreciation: $60,000
Running: $30,000
Worst total cost - Buy used!
💰 The Verdict
Navara #1
Used Model Y surprisingly good #2
Navara wins overall at $60.6k. But the USED Tesla Model Y at $46k is only $7.2k more expensive over 8 years - proving buying a used EV with depreciation already taken is the smart play vs new!
🔴 Victoria Market Reality: "You Can't Make It Work" (Unless You Buy Used!)
Key Findings for Victorian Buyers:
• Cheapest: Navara ($60.6k) - budget diesel still king
• SURPRISE: Used 2024 Model Y ($67.8k) beats all diesel utes except Navara - only $900/yr more!
• NEW Model Y Juniper ($90k) is the WORST value - most expensive of all vehicles
• Buying a 1-year-old Tesla saves ~$22k in depreciation vs buying new - the math NOW works!
• New Tesla loses $7,500/yr in value vs Used Tesla losing $5,200/yr - that's a $2,300/yr difference
• For Victorian buyers: Never buy a new EV. Buy 1-2 years old with 30-40k km and let someone else take the depreciation hit.