Total Cost of New Car Ownership has Many Factors
The total cost of car ownership is often understated. Many consumers figure out their budget before they leave to purchase a vehicle. They have a set amount of dollars set aside per month. They want the vehicle price to fall within this range. The only issue is that many consumers only consider the monthly payment as part of this budget plan. The total cost of ownership goes beyond that to include other variables like fuel consumption and insurance payments.

You'll probably spend quite a bit on gas each month. It doesn't hurt to get an estimate of your…