DO YOUR HOMEWORK AND SAVE
Wouldn't it be great if the total cost of buying and owning a car were limited to the purchase price? That way, there'd be no hidden fees. No sales tax. No insurance premiums. And no grim realization that some new cars can depreciate by 20 percent during the first year of ownership. The reality is that the true cost of owning a car is far above its list price. To help get a better sense of the financial commitment they're making, buyers should consider some significant costs of car ownership that aren't included on the window sticker -- costs that range from unnecessary add-ons to expenses they might not expect.
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