Is owning a car expensive?
A car being a locomotive automobile is not cheap to own. Despite the price it may come in, a car will always cost you some good sum of money to own and operate. However, the cost of owning a car depends on several factors. The brand and model of the car will most probably announce the purchase cost value of the car which is always the first cost of owning a car. The high-end latest model car will always be expensive even to purchase besides the maintenance and operation costs. However, there are some factors that AAA outlines as the determinants of how expensive or cheap it is to own a car in Australia. These are discussed below. Car Ownership costs 1. Car Loans You could probably be stinking rich if you afford to purchase a best-rated car without some loan financing means. A finder.com statistician of the Australia Bureau of Statistics data found that within the 12 months to November of 2017, 1,182,613 new cars had been sold in Australia out of which 236,451 cars were acqu