Calculate Your Car Driving Costs
It’s a good bet that most of you are interested in the ongoing costs of operating a vehicle, particularly since you are likely transitioning from an old car that is ready for the scrapyard to a newer used car or new car purchase. Operating costs such as fuel, maintenance, insurance and depreciation play major roles in your TCO (total cost of ownership). For most urbanites, transportation is the second or third largest expense in the average household, especially for families requiring more than one car for work or have families where a larger vehicle is required.
This handy CAA Driving Costs 2011 guide is a valuable reference to calculate your vehicle expenses, including your variable operating costs and fixed ownership costs. It also includes the average costs of operating a vehicle equipped with standard accessories.
Now that you are looking for another vehicle, what are your primary cost considerations? Feel free to chime in below!