Amount of insurance premium should be multiplied by the number of years during which you will use the machine. The ideal is to change the car every three years, after the expiration of the warranty. Summing all costs, you can calculate the cost of car ownership for the required period. Case for small: to find one of the sites with ads for the sale of used cars, what will be the estimated market value of your car at the time of sale. The difference between total spending and the market price of used vehicle, similar to you, show you the actual size of the cost of the machine. As a result, may get unexpected results. We give a simple example. Suppose we choose between the two cars: Ford Focus 1,6 in Trend configuration for $ 14,800 and Lancer 1,6 for $ 15,790.

The initial price difference between them is not too big. However, the calculation cost of ownership, tells a different story. Assume that we buy Ford Focus on credit for two years, the discount program under 4.9% per annum (40% initial fee). As a result, the machine will cost you $ 15,280. To this sum must be added $ 1,480 for a two-year insurance policy (preferential premium of 5% of the cost of cars per year – $ 740). You also need to add on here for $ 128 elective maintenance for two years (reduced price of $ 64 for every 20 thousand miles). The final amount in two years is $ 16,888.

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