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SUVs claim over half of the market while new car sales continue to face tough conditions
New car sales continue to be impacted by “challenging and difficult conditions”, according to the latest Federal Chamber of Automotive Industries (FCAI) data.
Daihatsu is a wholly owned subsidiary of Japanese company Toyota. It was an independent Japanese automobile manufacturer until 1967, and remains one of the oldest surviving makers of internal combustion engines in Japan.
Daihatsu have not sold new cars in Australia since 2006, after nearly 40 years in the Australian market. Toyota withdrew Daihatsu cars as a result of stiff competition from other small car brands, which caused Daihatsu sales to fall rapidly.
About Daihatsu cars
Daihatsu cars are available second-hand across Australia on sites like carsales.com.au and Gumtree. However, you cannot purchase any new Daihatsu models in Australia.
Available older models include:
- 2005 Daihatsu Sirion Sports Manual ($5,888), a four-cylinder, 1.4L petrol hatchback
- 2001 Daihatsu Cuore Auto MY01 ($2,690), a three-cylinder, 1.0L petrol hatchback
- 2003 Daihatsu Charade Manual ($3,800), a three-cylinder, 1.0L petrol hatchback
- 2005 Daihatsu Terios DX Manual 4×4 ($7,990), a four-cylinder, 1.4L petrol SUV
However, Toyota, Daihatsu’s parent company, is currently the Australian market leader, dominating the car sales industry. Toyota offers a wide range of vehicles, including hatchbacks, sedans, Utes, vans, SUVs, 4WDs and hybrids.
Toyota no longer sells Daihatsu cars in Australia, but used Daihatsu cars are still available from sources such as cars.com.au and Gumtree. Diahatsu is a producer of small cars, and the Australian market leans more towards favouring larger vehicles.
Daihatsu, due to their size and lightweight design, may be less safe on the roads than bigger cars. But if you are looking for a car that’s cheap to buy and inexpensive to run, and you aren’t concerned with having a new model, Daihatsu cars may be good value.
Toyota, however, has over 300 dealerships located in all states and territories throughout Australia, with both new and used models on sale. Warranties for new vehicles last for three years or 100,000 kilometres.
How can I get a Daihatsu car loan?
Because Toyota no longer sells Daihatsu cars in Australia, finance through a local dealership is not an option when looking for a Daihatsu car loan. However, there are plenty of independent car loan lenders on the market, who could be willing to provide you with Daihatsu car finance.
Luckily, most Daihatsu cars are now relatively inexpensive. This means that Daihatsu car finance would usually only require a small car loan. The smaller the loan, the more likely you are to be approved.
To find the best car loan for your circumstances, options include:
- Use a comparison website to research different interest rates and fees, while also checking calculators to work out your potential repayments.
- Go direct to a lender
- Speak to a broker, which can organise a from one of the lenders on their panel
How much does a Daihatsu car loan cost?
Here are the approximate running costs for three different Daihatsu models, based on RACQ category averages:
|Model||Category||Cents/km||Average $ per week|
|2005 Daihatsu Sirion Sports Manual||Small||55.2||$159.21|
|2001 Daihatsu Cuore Auto MY01||Micro||41.8||$120.62|
|2003 Daihatsu Charade Manual||Micro||41.8||$120.62|
Here’s how much a five-year loan will cost for three different Daihatsu models if you borrow 100 per cent of the purchase price over five years:
|Model||Price/loan||Total repayments at 6%||Total repayments at 8%||Total repayments at 10%|
|2005 Daihatsu Sirion Sports Manual||$5,888||$6,830||$7,163||$7,506|
|2001 Daihatsu Cuore Auto MY01||$2,690||$3,120||$3,273||$3,429|
|2003 Daihatsu Charade Manual||$3,800||$4,408||$4,623||$4,844|