The Mitsubishi Mirage is Australia’s cheapest car to own and run.

The micro-sized hatch demonstrates the old saying is sometimes true, that is good things do come in small packages.

It costs an average of just $108.78 per week, less than any other car from any brand currently offered for sale.

The Mirage ES, priced from $12,250, is one of four Mitsubishi models identified as the most economical cars to own and run in a study by Australia’s motoring organisations.

According to data issued by the RACV, Triton GLX (4×2 and 4×4), Pajero Sport GLX, Outlander PHEV LS and Mirage ES all recorded the lowest running costs per week in their respective segments.

Pajero Sport GLX achieved the best-in-class result in the All-Terrain SUV category with average running costs at $237 per week, while the Triton GLX results suggest owners can enjoy less work and more play, running at just $210.99 per week for the 4×2 and $225.95 for the 4×4.

The hybrid Outlander PHEV LS comfortably led the running costs charge in the EV segment at $259.22 per week.

The annual running costs study assesses the cost of ownership of more than 100 vehicles in all segments over the first five years including list price, on road costs, depreciation, fuel and servicing. Costs may vary from state-to-state.

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Chris Riley has been a journalist for almost 40 years. He has spent half of his career as a writer, editor and production editor in newspapers, the rest of the time driving and writing about cars both in print and online. His love affair with cars began as a teenager with the purchase of an old VW Beetle, followed by another Beetle and a string of other cars on which he has wasted too much time and money. A self-confessed geek, he’s not afraid to ask the hard questions - at the risk of sounding silly.