$100-$900 charge for paperwork processing
Fees for vehicle cleaning and inspection
Charges to cover dealership marketing costs
Additional markup based on demand
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Affected by credit score, loan term, and down payment
Charges for processing the loan application
Often overpriced at dealerships
Can be negotiated or purchased elsewhere
Routine
Maintenance
Regular oil changes, tire rotations, and brake services
Major
Services
Scheduled maintenance at specific mileage intervals
Unexpected
Repairs
Budget for unforeseen mechanical issues
Long-Term Replacements
Tires, battery, belts, and hoses over time
Fuel Expenses
Consider fuel efficiency, type requirements, and local prices
Parking and Storage
Account for garage fees, permits, and home storage needs
Tolls and Taxes
Annual registration fees and potential road tolls
Purchase Price
Initial cost plus fees
Financing
Total interest over loan term
Insurance
Annual premiums x 5 years
Maintenance
Estimated repairs and upkeep
Compare Total Ownership Costs
Look beyond the sticker price to understand long-term expenses
Check Reliability Ratings
Research vehicle dependability to avoid costly repairs
Verify Insurance Rates
Get quotes before committing to a specific model
Negotiate the Out-the-Door Price
Focus on the final price including all fees and charges
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