The “true cost” of vehicle ownership

www.StevesAutoBlog.com

As we all know there is far more the cost of vehicle ownership than just what you paid for it. It involves depreciation, insurance, fuel costs, wear and tear, and so on and so forth.

Another factor to consider is where you live, as some states are cheaper than others. For example Hawaii, California, Alaska, Nevada and West Virginia are the most expensive places in which to own a vehicle; while New Hampshire, South Dakota, South Carolina, Oregon and Wisconsin are the cheapest states in which to own a vehicle.

Edmunds has done a study on this, and some of info you may find surprising.

Full story here.

True Costs to Own (TCO)

Go here if you want to calculate the costs of your car.

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Originally Syndicated via RSS from Straightline

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