Title: COST OF OWNING & OPERATING Automobiles, Vans, and Trucks
Author: Brandon Matthews
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The cost of owning and operating a motor vehicle is of
major significance, as Americans experience increasing demands
on their incomes. It costs about $ 14,000 to purchase a 1991
intermediate-sized model year car. If it is driven 128,500
miles by one owner over a period of 12 years, the total cost to
the owner will be about $ 42,700. During that time it will cost
about $ 16,300 for depreciation and finance charges, $ 9,050 to
insure the vehicle, $ 7,800 (including taxes) for…