Shocking Truth: Hidden Costs Of Car Ownership That You're Not Aware Of
Since you’re not paying interest, you save money that. By doug demuro 08/31/2015 12:00am. Aug 16, 2019 · the true cost of owning a car is much more than the sticker price. The hidden costs of car ownership refer to additional expenses that come with owning a car beyond the initial purchase price. The car is yours outright from the beginning, and you’re not tied to any financial institution.
There’s a lot more to owning a car than just a monthly payment. 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. 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. Here are all of the expenses i didn't anticipate after buying my first car. Aug 16, 2019 · the true cost of owning a car is much more than the sticker price. Since you’re not paying interest, you save money that.
