Ownership costs are the costs to purchase and operate a vehicle over a period of time.
Understanding these costs may enable you to save money and help you make a wiser decision
when choosing your next new car.
Regardless of the "value" claims that you may read in car reviews or hear in advertisements, the
economic value of a car is based on how much it will cost to own and operate it compared to its
purchase price. In a sense, the purchase price is "what you pay before you own the car" and the
ownership costs are "what you pay after you own the car."
Ownership costs can differ greatly. The cost to own and operate two different vehicles with equal
purchase prices can differ by thousands. Of course when evaluating ownership costs for used
cars and trucks, a vehicle's condition and mileage will greatly impact ownership costs; therefore
it's important to compare similar vehicle in similar condition for an accurate picture.
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