Shocking Truth: Hidden Costs Of Car Ownership That You're Not Aware Of
Many people find themselves unprepared for the hidden costs associated with owning a vehicle. From soaring insurance premiums to excessive repair bills, the costs associated with car ownership are taking a bigger bite out of our wallets than initially intended. The car is yours outright from the beginning, and you’re not tied to any financial institution. Since you’re not paying interest, you save money that. According to consumer reports, depreciation is the biggest cost associated with owning a car, accounting for approximately 57% of the ownership costs within the first year alone.
These can include maintenance, insurance, taxes, and. Aug 16, 2019 · the true cost of owning a car is much more than the sticker price. Here are all of the expenses i didn't anticipate after buying my first car. By doug demuro 08/31/2015 12:00am. There’s a lot more to owning a car than just a monthly payment. In fact, there are many hidden costs of ownership you should know about before you.
