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The First Ten Thousand Miles is the Most Expensive
By Dr. David Edward Marcinko MBA FACFAS CMP™
[Editor-in-Chief]
With the July Fourth Holiday behind us, America’s summer long vacation road-trips begin.
But, anyone looking to buy a new car should be well aware that the cost of a car doesn’t end at the purchase price.
Other Factors
For example, you must consider additional concerns such as: depreciation, fuel costs, insurance, maintenance and repair, invoicing and sales tax.
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To help potential buyers with their purchases, we’ve put together the above infographic that outlines the real cost of ownership of various types of cars.
Source: www.insurancequotes.org
And, always let some other fool take the depreciation hit; buy previously owned [a.k.a. used] cars.
Assessment
Anyone who is a regular reader of the ME-P knows about my vintage 2000 Jaguar XJ-V8-LWB European touring sedan built in Coventy, England. She is a beauty who has never known rain, winter or snow. Mostly highway miles, always garaged. She not only clicks – she ROARs!
Conclusion
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Filed under: Financial Planning, LifeStyle | Tagged: Dr. David Edward Marcinko MBA, Jaguar, new cars, previously owned cars, True Cost of Automobile Ownership, used cars | 7 Comments »
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