Many more costs to owning a vehicle than just the monthly payment


Many car buyers get fixated on meeting a maximum amount of the monthly payment on their loan. However, there are many costs associated with vehicle ownership that go beyond the monthly loan payment. Here are some of the most common items that are part of the total cost of owning an automobile.

You can't drive a car or truck without having it insured. At a minimum, you must carry liability insurance. However, if you have a loan, your lender will require you to carry full coverage, which also includes collision and comprehensive insurance.

Another vehicle cost is maintenance. You will have regular maintenance items, such as the cost of oil changes and tire rotations, and then you likely will at some point experience unexpected one-time costs, such as repairs after a component breaks down.

If you are looking for a vehicle and want to learn more about the full cost of ownership, visit Wyoming Valley Kia in Larksville, PA.
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