What Does It Cost to Own a Car?

Many people who buy a car take out a loan to do so, so they get fixated on what their monthly payment will be. However, there are many other costs associated with vehicle ownership, and it's important to have a grasp on what those are.

Anyone who drives has to have auto insurance, so that's one big cost of ownership. Insurance costs are based on a number of factors and can range anywhere from a small amount to hundreds of dollars a month.

Another big cost of owning a car is maintenance. Vehicles need regular maintenance such as oil changes and tire rotations, as well as bigger, less-frequent maintenance. Maintenance costs can add up to several hundred dollars a year or more. Other costs involved with owning a car can include things like parking costs and tolls.

If you are in the market for a new car, come to Emerling Chrysler Dodge Jeep Ram in Springville.

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