The True Cost of Owning a Car: Budgeting for Vehicle Expenses

A car is a symbol of liberty and independence. It enables you to travel whenever and wherever you want, without regard for public transportation schedules or rideshare costs. However, owning a car entails a significant financial commitment that many people overlook when deciding to purchase one. In this article, we’ll look at the true cost of car ownership and offer some advice on how to budget for vehicle expenses. The Unknown Costs of Car Ownership Depreciation A car is a depreciating asset, not an investment. According to Edmunds, once you…

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