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According to a Nerdwallet (https://www.nerdwallet.com/blog/loans/total-cost-owning-car-/), the average price of a new vehicle in the US is approximately $33,000 according to the famous Kelly BLue Book.
According to a Nerdwallet (https://www.nerdwallet.com/blog/loans/total-cost-owning-car-/), the average price of a new vehicle in the US is approximately $33,000 according to the famous Kelly BLue Book. This translates into $725.00 per month, which is pretty hefty coupled with other major household monthly expenses. Below are a list of possible dreaded vehicle expenses.
1. Purchase price on the car
2. Finance charges on car loan
3. Has
4. Oil changes
5. Routine maintenance
6. Tires
7. Insurance
8. License plate/registration
9. Sirius XM Radio subscription cost
10. Car washes
11. Garage/parking
12. Parking tickets
13. Speeding tickets
14. Value of car owners time spent commuting
Which of the costs above would most likely be variable with respect to the number of miles the car owner drives? Why?
Which costs above would most likely be fixed with respect to the number of miles the car owner drives? Why?
Which of the costs above would most likely be mixed with respect to the number of miles the car owner drives? Why?
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