How To

How to Determine Ownership Costs on a New Car

Before Buying a New Car, Determine Ownership Costs
Before Buying a New Car, Determine Ownership Costs
Member
By HoosierHandyMan
eHow Community Member
(4 Ratings)

So you think you got a great deal on that new car? Wonderful...now how much is your jalopy going to cost you in the long run? Be sure to investigate ownership costs over a 5 year period...you may be surprised that you didn't get such a great deal after all!

Difficulty: Easy
Instructions

Things You'll Need:

  • Computer w/access to the internet
  • Intellichoice.com web page
  • calculator
  • patience
  1. Step 1
    Hmmm...I like this one, and that one...now what?
    Hmmm...I like this one, and that one...now what?

    EENIE - MEENIE - MINEY -GO!! Don't you hate it when you can't make up your mind on which car or truck to purchase? You've found two maybe three to choose from that are all in your budget. That's great! You have taken most of the drudgery out of car shopping. Most people take forever to get to this step. Now you can do some investigating that will keep cash in your pocket.

  2. Step 2
    Couple Comparing Ownership Costs on Computer
    Couple Comparing Ownership Costs on Computer

    INVESTIGATE...I used to sell cars at a dealership. I had many resources at my disposal to persuade customers to buy my brand of vehicle (which, incidently was Honda). My favorite tool was directing them to a website called Intellichoice.com and research the vehicle(s) of choice.

  3. Step 3
    They also have a magazine, but the webpage is easier!
    They also have a magazine, but the webpage is easier!

    COMPARE...This website is what's known as a third-party site. It is strictly used to project a vehicle's ownership costs over a five (5) year period. Use it to compare one vehicle against another. You can determine costs relating to fuel, repairs, maintenance, insurance, financing and depreciation.

  4. Step 4
    With a little time and patience, you will have saved more of this
    With a little time and patience, you will have saved more of this

    DECIDE...Hopefully, this website will shed some useful information in your decision-making. It also gives a Value Rating on every vehicle made, so start comparing and keep some cash in your pocket down the next five years!

Tips & Warnings
  • Use this website to determine a vehicle's invoice cost (what the dealer pays)
  • You can also determine a vehicle's fuel economy and warranty!

Comments  

risarjm said

Flag This Comment

on 1/7/2009 I woudl like to purchase a new vehicle, but I know its going to be a LONG term investment, so this really helps me out!! Thanks!

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