As the saying goes, "Buying a car is easy, but maintaining one is hard." In addition to the purchase price, you must consider the various ongoing expenses of "keeping" a car, such as monthly fuel costs, parking fees, tunnel tolls, insurance premiums, registration fees, and regular inspection and maintenance costs. If you are purchasing the vehicle through a car loan, you must also factor in the monthly repayment expenses.
You should also be aware of potential hidden costs. For instance, while new cars generally come with a manufacturer's warranty, you should carefully read the scope of the coverage. As for used cars, they may have more wear and tear, potentially leading to higher maintenance costs in the future.
Refer to the following "Handy Guide to Saving on Car Ownership Expenses" to become a savvy car owner.
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