Money Magazine

Car market's wild ride

When Richard Walsh took delivery of a Toyota RAV4 hybrid early last year, he had visions of it being part of his garage for years to come. The car was to be predominantly driven by his wife, and the sensible size and fuel-sipping petrol-electric drivetrain made plenty of sense to the Sydney butcher.

Within months, Toyota announced an updated model with new features, including a larger 10.5in infotainment screen and 12.3in digital instrument cluster. “I’d been planning to hold onto the car for years, but I found the smaller screen a disadvantage … I wanted the new tech,” says Walsh.

Even though there had been price rises with the updated model, Walsh investigated the cost of trading up.

Solid demand for used hybrids meant he was able to sell the then

You’re reading a preview, subscribe to read more.

More from Money Magazine

Money Magazine2 min read
BUSINESS BANK OF THE YEAR Commonwealth Bank
Australia’s 2.5 million-plus small businesses may not have the same capital or access to technology as the nation’s largest companies. But the support and resources of a business-focused bank can help small enterprises compete with the big end of tow
Money Magazine2 min read
LONGEVITY COVER OF THE YEAR Challenger
If you worry that your superannuation savings are inadequate and you will run out of money in your old age, there are investments that pay you an income for life. Fifty-three per cent of older Australians think they will outlive their savings, accord
Money Magazine1 min read
Pitcher Perfect
Danish sculptor and designer Henning Koppel created these elegant beauties in 1952, pictured here in mirror-polished stainless steel and Iconic Blue. Mid-century Scandinavian design at its most striking. How much: $485 (silver); $330 (blue) Where fro

Related Books & Audiobooks