Nov 1st, 2007 by RJ Menezes
How much does your car cost? No, not just the purchase price, but the cost of ownership. Still confused? Well, Edmunds.com has just released their popular Truest Cost to Own list for October 2007. What does truest cost to own mean? Well this means which vehicles cost the least over the life of the car, not just the lowest purchase price. You will be surprised to find out that the money saved at the dealership might not offset the ownership costs over the entire ownership experience. Some cars are cheaper to buy, but actually more expensive to maintain in the long run. So the overall ownership costs would be higher. Edmunds uses a proven calculation combined with collected data and surveys to figure out which cars are the cheapest to own. The vehicles are branched off into segments based on average MSRP price and type of vehicle. The list is updated every month to help see which vehicles really stay on top. It’s an effective tool in your arsenal to make an informed purchase decision. Does your car cost you more than you really think? Maybe, so click on the link below and find out more about True Cost to Own. Remember that an informed consumer never pays more than he has to!