True Cost to Own® (TCO®)

True Cost to Own®: Reveal the Hidden Costs of Car Ownership

By Phillip Reed


You've narrowed your choices to two new cars, but you can't seem to decide which one is really the better deal.

The purchase price of each car is nearly the same. The features are similar, and you like the way they both look. Still, a nagging feeling tells you that there must be a meaningful difference between them, even if it's not readily apparent during the purchase process.

Your intuition is right on the money. And now there is a new tool that reveals the hidden costs -- all the costs -- associated with buying, owning and operating a car over a five-year-period. It's called True Cost to Own® (TCO® for short), and it is a revolutionary new consumer service provided by Edmunds Inc.

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