Car Buying Articles

10 Steps to Finding the Right Car for You

Step 5. Consider All the Costs of Ownership


Finding the Right Car

Something shoppers often overlook when considering their next car is that one may be cheaper to buy but more expensive to own. Why? Even if two cars cost about the same to buy, one might depreciate faster or cost more to insure and maintain.

Before you commit to a car, you should estimate its long-term ownership costs. These include depreciation, insurance, maintenance and fuel costs. Edmunds True Cost to Own® (TCO®) presents this information in an easy-to-read table. It can help you make a smart decision up front that can save you thousands of dollars over the life of the car.

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Most Recommended Comments

By bluebaker777
on 04/08/13
10:01 PM PST

i have owned 2 nissan maximas. i qwned a 2005, 2010, & a 2011. i only have 10,654 miles on it. its been garage kept. i paid $36,765.98 for thiws car. i got on line qand it told me the car on trade in is only worth $20,182. a private party its worth $21,902. and dealer retail is $23,366. i think this is bull shit. car dealers and insurance compaines are nothing but legal crooks. i have my maxima in the paper and i am asking $25,500.00. i have a brand new set of tires and wheels. my car has been garage kept. i know for a fact when i traded my 2010 maxima in for a 2011 i got ripped off. i came back to the lot a week later and they put a price tag on it, and was asking $29,999.99 for it. so my advice to anyone is to get a aprasile first. bgecaus these dealers will rip you off everytime. there is not a honest car salesman, no wheres. they have 1 thing on their mind, and that is money and screw you. so be careful when you go to buy and trade. and they will tell you the biggest lie there is.

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