The True Cost of a New Car
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Uploaded by MoneyTalksNews on Mar 30, 2010
How much does buying a new car really cost you?
- 13 likes, 1 dislikes
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- 1:29
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Just 2 problems: the $5,000 car is going to require more maintanence and possibly consume more gas, and you won't earn 9% like you pay 9%. Still a reasonable way to look at costs though, minus the unreasonable numbers.
FortNikitaBullion 1 year ago
While I agree with the jist of the video, really, where are you going to earn a consistent 9% return without considerable risk?
I get the idea that you're probably supposed to be channeling the extra money into your retirement account which very well might return 9% over its history, but it's not as simple as they make it sound in the video.
worshipthesock 1 year ago
Property taxes are much less on used cars as well. The exception to the advice in this video is for businesses who can deduct the depreciation of a new vehicle, or the lease payment on a leased vehicle as a business expense.
kaysandesses 1 year ago
Leased cars also cost more to service.
The autorised dealer charges DOUBLE for simple things like changing oil.
And you have to change the oil only at the authorised dealer... or else...
zloben9000 1 year ago