Shocking Truth: Hidden Costs Of Car Ownership That You're Not Aware Of
In fact, there are many hidden costs of ownership you should know about before you. Many people find themselves unprepared for the hidden costs associated with owning a vehicle. 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. The hidden costs of car ownership refer to additional expenses that come with owning a car beyond the initial purchase price.
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. There’s a lot more to owning a car than just a monthly payment. The hidden costs of car ownership refer to additional expenses that come with owning a car beyond the initial purchase price. 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. By doug demuro 08/31/2015 12:00am.
