When figuring out what you'll pay to own a vehicle, consider the following: (1) check for special deals and rebates offered by the manufacturer or your local dealer; (2) shaving just a couple of interest points from your auto loan can mean long-term savings; (3) compare insurance; (4) consider depreciation. A car with a high resale value can prove the best financial bet because you'll get more cash when you sell it; (5) factor in fuel. Choosing a fuel sipper over a gas guzzler can make a huge difference in long-term costs; and (6) do not forget maintenance and repair. For more information, read the article on the American Legion website.
For more car buying and maintenance tips, visit the Military.com Auto Center.