What to Look For When Buying a Car

When it comes to budgeting for a vehicle, many people think of the usual components such as monthly payments, insurance costs, and fuel. With Automotive Consultants, we take a more comprehensive look into the full cost of owning a vehicle.

Here are the 10 ten variables we like to use:

Purchase Price

The initial cost of buying the vehicle.

Depreciation

The rate at which the value of the vehicle decreases over time.

Financing costs

The interest and fees associated with obtaining a car loan.

Insurance

The cost of insuring the vehicle against accidents, theft, or other risks.

Fuel

The cost of gasoline or other fuel required to operate the vehicle.

Insurance

The cost of insuring the vehicle against accidents, theft, or other risks.

Maintenance & Repairs

The cost of maintaining and repairing the vehicle over time.

Taxes & Fees

The cost of registration, licensing, and other taxes or fees associated with owning a vehicle.

Parking & Tolls

The cost of parking the vehicle and paying tolls on highways or bridges.

Resale Value

The estimated value of the vehicle if sold in the future, which can impact the overall cost of ownership.

Environmental Impact

The environmental impact of owning and operating the vehicle, including its emissions and energy consumption.