Monday, 14 December 2015

What are the True Costs of Owning a Car

Owning a car takes a great deal of money, and not just the price of the car itself. Here’s what else you need to consider when you consider how much a car is going to cost you.

Car Loan
The monthly payments and servicing fees of your car loan is probably a big item on the list since not everyone has the cash to pay for the price of a car in full!

Maintenance
You might not to maintain your car too often if you take care of it, but washing, waxing and tuning it up once in a while can cost money too!

Parking & Road Taxes
Parking may depend on whether your house or apartment has the facility for you while taxes are dependent on the size of your car.

Fuel
If you commute a lot, fuel is definitely another big item on the list. Using a more fuel efficient grade might help you save a few dollars here though!

Insurance Don’t skimp on your insurance because you never know when you might need it when an accident happens!

All these costs add up, so think twice when you think about purchasing a car to ensure that you can upkeep owning one in the future!

What are the True Costs of Owning a Car