The True Cost of Car Ownership

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HINT … It’s More Than You Think!

[By insurancequotes.org]

[By Dr. David Edward Marcinko MBA]

Dr David E Marcinko MBA

Anyone looking to buy a car should be well aware that the cost of a car doesn’t end at the purchase price.

You must consider additional concerns such as: depreciation, fuel costs, insurance, maintenance and repair, and sales tax.

This is especially important for doctors and new medical practitioners who may have many other financial responsibilities.

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Dave's Jaguar Sedan

Jaguar Sedan

Classic Jaguar

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True Costs

To help potential buyers with their purchases, we’ve put together an infographic that outlines the real cost of ownership for various types of cars. So, buyers beware!

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Cost-Car-Ownership-800-550x2206

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More:

Conclusion

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OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:

Comprehensive Financial Planning Strategies for Doctors and Advisors: Best Practices from Leading Consultants and Certified Medical Planners(TM) 

3 Responses

  1. F/U on Jags

    Lexus, Jaguar, Cadillac and Acura are among the top 10 brands leased by millennial buyers, along with other pricey cars like Subaru, Mini and Buick, according to Edmunds.com, an auto pricing website.

    http://www.msn.com/en-us/money/markets/millennials-developing-parents-taste-for-jaguars-cadillacs/ar-BBlNzTG?ocid=iehp

    The 18- to 34-year-old group leases 60 percent of their luxury cars compared with about 50 percent for other buyers, according to the site.

    Dr. David Edward Marcinko MBA

    Like

  2. The cost of owning a car in 2018

    It now costs $8,849 a year, on average, to own a vehicle, according to AAA. That’s about $24 per day for those keeping score. And while that might seem like a reasonable price to pay for the freedom of being able to go where you want when you want, it’s also an expense you have the ability to lower.

    http://www.msn.com/en-us/money/personalfinance/this-mistake-could-cost-you-dollar3400-a-year/ar-BBOefUA?li=BBnbfcN

    Buy used – reduce depreciation.

    Burt

    Like

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