When thinking about owning a car, the obvious expense that comes to mind is gas. While it’s one of the more visible costs, it’s far from the only one. In fact, the real cost of car ownership extends well beyond filling up the tank. For those new to car ownership or thinking about buying their first car, it’s essential to be aware of the full range of expenses that come with it. Understanding these costs can help you make smarter financial decisions, avoid unpleasant surprises, and take better care of your vehicle in the long run.
Let’s break down some of the commonly overlooked expenses of car ownership.