How To Determine Which Vehicle Is The Cheapest To Own


by Shivani Garg - Date: 2006-12-21 - Word Count: 250 Share This!

You must have often wondered how to make the right choice before buying a vehicle taking into consideration its cost over a long period of time. For many of you, who already have a vehicle, it is sad that you did not visit this site before but now that you have, it will definitely be an easier choice to make, for your next vehicle.

Firstly, you have to understand that by lowest cost, we mean the lowest running or owning cost which is does not necessarily mean the vehicle which is priced the lowest. Generally, websites give you a five year approximate cost of owning every new vehicle in the market. This helps you make the right choice and know what to expect from your car in the next few years. The cost also includes some items that you may not take into consideration while making the choice. The right way to estimate the cost is to calculate every expenditure and take into account every factor like depreciation, taxes and fees, interest on financing, premiums on insurance, maintenance and repairs and fuel efficiency.

This method promises to be quite accurate but remember that this is a comparative method not a predictive one. This is because the method uses a lot of logical assumptions looking at the performance of other vehicles. The actual cost of owning that particular vehicle for five years may vary depending on one's personal circumstances such as the average number of miles you drive and also your driving history.


Related Tags: car, vehicle, search, quotes, hot, cheapest

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