The average owner holds onto a car, truck, or sport-utility vehicle for around seven years these days and finances it for nearly that long.
Smart buyers know that to get the best overall deal on a new vehicle they have to look beyond a vehicle’s sticker price and choose a model within a given size and price class that’s inherently cheaper to own over time.
The key factors to consider here are depreciation, fuel economy, insurance premiums, and the ongoing cost of maintenance and repairs. It may sound like a lot of work to research these variables, but gathering the data can be relatively easy, thanks to the experts at Kelley Blue Book.
Read the article at Forbes.