The Mitsubishi Mirage has been announced as the cheapest vehicle to own and run in Australia, as part of a recent Australian study.

The annual study of operation costs performed by NRMA placed the Mirage on top of more than 1800 reviewed vehicles.

The Mirage ES 1.2 litre five-speed manual scored a running cost of $93.29 per week followed closely in fourth spot by the Mirage Sport 1.2 litre five-speed manual with weekly costs of $97.17.

Results are calculated with registration, maintenance, repairs, CTP insurance, fuel and depreciation costs in mind, as well as basing an annual travelling distance of 15,000 km over a five-year ownership period.

Whilst scoring top spot, three other Mirage models were also featured in the top 10 of the light car category.

Mitsubishi Motors Australia CEO Mutsuhiro Oshikiri said the result is another strong endorsement of the Mirage’s outstanding value, fuel efficiency and high standards of safety.

“The Mitsubishi Mirage is the complete package for customers looking for an affordable city car with fantastic fuel economy and low running costs,” he said.

“For extra peace of mind, every Mirage comes with a five star ANCAP safety rating, five year warranty, four year Roadside Assist and four year Capped Price Servicing. With its stylish four-door design, spacious five seat interior and long list of standard equipment, the new Mirage has built a solid reputation for outstanding value for money.”

Earlier this year RACV also found the Mirage to be the cheapest car to run, while the RACT and RACQ gave the top spot to the Alto.