Total cost of ownership: The hidden traps of buying a car

Jason Ovens - Accounts Receivable | 14/06/2010 12:35:47 PM

A new vehicle is one of the most important purchases we make in our life time. But do we really consider what is in our best interests when selecting a vehicle? Most of us choose the best priced car in the yard without considering the ‘total cost of ownership’, a decision that can cost you thousands in the long run. There are many costs to consider that aren’t included in the initial price of a vehicle. These include ongoing operating costs that can hurt your hip pocket,...

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