Things To Watch Out For When Car Shopping To Reduce Total Cost Of Ownership

A vast majority of Americans own at least one vehicle, if not more: an SUV or van for transporting their beloved children around, a sharp car for workplace transportation, and perhaps a truck for recreation is a lineup that seems suitable for the average American household. However, owning a vehicle costs several thousand more dollars than what its price tag indicates.

Tires are an absolute necessity for all vehicles, and end up costing about $150 annually for the average car, truck or SUV. Opt for a small, compact car to reduce the amount expended towards tires.

The same holds true for both oil and gas, as well.

Registration is necessary in the United States for all vehicles and is calculated by multiplying price paid for a vehicle times local and state sales and usage rates - the cheaper the car, the lower the insurance.

Next time you're in Pompton Plains, swing by Route 23 Honda and let our staff help you lower your potential total cost of ownership.
Categories: Finance