10 Things To Consider When Purchasing A Vehicle

Don’t Forget About The Vehicle Operating Costs

Sure, a $400 a month car payment might seem reasonable and affordable, but what about the cost to insure the vehicle each month? How much does it cost to fill the tank with gas? Are you buying a second hand vehicle? If the answer is yes, you had better budget for regular maintenance costs. Too often, people get excited about a car they want and focus only on the payments. Sadly, they neglect to consider what car dealers call “the total cost of ownership.” The average car costs about $1,000 a month to own and operate when insurance, gas and maintenance is factored in. Rather than calculate how much of a monthly payment you can afford, figure out how much of your total monthly budget you can afford to allocate towards your vehicle.