Friday, June 1, 2012

How to calculate the real cost of car ownership

If you're like me you've purchased a car without really looking at all of the costs of ownership. It's a fact that most people only look at how much their monthly payments will be when making a car purchase decision. This can lead to thousands of dollars in costs that you hadn't thought about. You should take all of the costs of ownership into account BEFORE you make your car purchase decision. That includes the depreciation, insurance, maintenance and fuel costs. You should create a worksheet that shows exactly how much each cost could be and then add them up to find out which car will actually save you money over the period you intend to own it. Read our latest post for help making these calculations.

No comments:

Post a Comment