Posts tagged new car
The Hidden Costs Of Buying A Car

If you’re going to own a vehicle, expect to pay around $3,000 a year in associated operational costs after full ownership, and in exclusion of gasoline. If you’re financing a vehicle, expect it to cost you $5k to $8k a year, depending on how you manage to get the thing financed. Assuming you own the car outright, let’s look at the hidden costs making up that annual $3k ownership fee.

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Understanding New Car Depreciation

You’d think if you bought a car for $30k and took good care of it, you could still get $20k or $25k for the vehicle in around five years. This isn’t the case. Vehicle value depreciates much, much faster than $1k or $2k a year. Learn how to plan ahead for your vehicle’s value!

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