The Price You Will Pay for Your New Car is a Lie
by Bruce Sheridan
If you have recently bought a new car it is likely that you will end up paying much more than you bargained for.
When the typical car buyer is shopping for a car they are looking for cars that will meet their needs, and those needs are different for everyone. Some people might need lots of room to fit their family in, while someone else might need a powerful pickup to haul large loads of dirt for a business. Even though all the many aspects of a vehicle appeal to each individual differently, it is safe to say that each and every one of us want to save money by choosing the low cost cars for sale.
When saving money is at the forefront of our minds while car shopping, we tend to focus on the sticker price of a vehicle as our number one prerequisite for choosing a vehicle candidate. The problem with this selection process is that it can often leave us with false satisfaction. Although we might have pulled away in the cheaper car of our vehicle candidates, this does not mean we have actually fulfilled our goal to save money in the long term.
The actual price of a vehicle requires the inclusion of much more than just the sticker price. To get the actual total cost of a car you must take the total cash price and add the following. These are all very important parts of your affordable financing for cars.
Many different factors affect each of these components, such as the yearly weather and average road condition of where you live. If you live further north in very seasonal areas, the large shifts in weather your car goes through will undoubtedly affect it more than more calm and stable areas, like the west coast.
When the typical car buyer is shopping for a car they are looking for cars that will meet their needs, and those needs are different for everyone. Some people might need lots of room to fit their family in, while someone else might need a powerful pickup to haul large loads of dirt for a business. Even though all the many aspects of a vehicle appeal to each individual differently, it is safe to say that each and every one of us want to save money by choosing the low cost cars for sale.
When saving money is at the forefront of our minds while car shopping, we tend to focus on the sticker price of a vehicle as our number one prerequisite for choosing a vehicle candidate. The problem with this selection process is that it can often leave us with false satisfaction. Although we might have pulled away in the cheaper car of our vehicle candidates, this does not mean we have actually fulfilled our goal to save money in the long term.
The actual price of a vehicle requires the inclusion of much more than just the sticker price. To get the actual total cost of a car you must take the total cash price and add the following. These are all very important parts of your affordable financing for cars.
- Selling price
- Insurance costs
- Car loan interest
- Fuel costs
- Maintenance
- Repairs
- Depreciation
- Taxes and other fees
Many different factors affect each of these components, such as the yearly weather and average road condition of where you live. If you live further north in very seasonal areas, the large shifts in weather your car goes through will undoubtedly affect it more than more calm and stable areas, like the west coast.
