Total Cost of Ownership More Important Than Price Tag

December 14th, 2017 by

Total Cost

Your vehicle’s price tag is just one factor to consider when purchasing a car. Different vehicles have varying total cost of ownership that all buyers should consider. One such cost is insurance. Just by choosing a different color can save you thousands of dollars over the life of your vehicle. For example, the color red has a greater chance of being in an accident, so the insurance companies charge you more. Gas economy is another factor to consider. A vehicle that gets 10 mpg more than a similar vehicle can also save you thousands of dollars. When reselling your car years from now, you want to get the best price possible. By doing a little research, you can find a vehicle that will retain its value and depreciate more slowly.

At BMW of Bridgeport, we will give you all factors to consider when trying to determine how much your total ownership will cost.

Posted in Finance