True Cost of Car Ownership in 2019 (Chapter 1)

Editorial Note:

Total Cost of Car Ownership in 2019

For a lot of people, the car is the second biggest purchase of their lives and since you do multiple amounts of times – it has a major impact on your retirement and savings. Making the best choice on your car budget and negotiating the best deal can literary let you retire years earlier. If the car buying process stresses you out, this is a guide for you.

We are going to cover everything from true car ownership costs, to how to prepare yourself and negotiate if you do decide that you need that new car.

This is Chapter 1 where we discuss everything that goes into owning a car including opportunity cost and the difference between regular and premium cars.

Overview

  • Title and Registration
  • Insurance
  • Gas
  • Maintenance (watch this if you are thinking of buying a luxury car)
  • Depreciation
  • Travel Expenses (Parking, Tolls, Cleaning)
  • Opportunity Cost.

Helpful Links

Personal Financial Planning Course Lessons

Lesson 1: Time Value of Money: Introduction.
Lesson 2: Compound Interest: Introduction.
Lesson 3: Power of Consistency: Introduction.
Lesson 4: Consistency: Real-Life Methods to Use in 2019.

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