Most of the time when purchasing a car we majorly concentrate on its price tag, forgetting all the costs a vehicle comes in. Below are some of the other expenses that you should be aware of:
Fuel, what type of mileage does the car have and what kind of gasoline do you use. The car you drive will determine how much you spend on fuel. Maintenance and repairs costs include; oil changes, tire rotation, testing and inspecting the battery.
Insurance, rates vary according to the place you are leaving in. It considers safety, prices, and risk. Depreciation, how much value your car will lose every year. Mostly a new car tends to lose 20 percent of their value within the first year.
The interest rate of your car loan can affect the original cost of the car significantly. Tires are over looked, but when you need new ones, they are costly. Tires need replacement after every four years and in the unfortunate event your tire bursts. Cars are more costly than the seller tells you but all in all it’s worth the trouble.
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