September 4, 2020 -
Using the True Cost to Own Tool
July 13, 2017
Are you on the market for a new or used vehicle? Maybe your neighbor is selling their used SUV and you’re wondering if the vehicle is worth the investment. When comparing multiple cars, or looking at the lasting value of a vehicle you’re interested in purchasing, take some time and look up the vehicle using Edmunds’ True Cost to Own® tool.
What is the True Cost to Own® Tool?
Edmunds’ True Cost to Own® tool is an online evaluation tool which helps car buyers make extremely educated buying decisions. It allows you to input the make, model, year, and style of a vehicle you are evaluating and then receive a report of some of the average additional costs the vehicle is likely to receive over the next five years. In other words, it tells you the true cost of owning that vehicle in the long term.
When to Use Edmunds’ True Cost to Own®
Probably the best time to use the Edmunds True Cost to Own® tool will be every time you go to purchase a vehicle. That said, we strongly recommend you, at the very least, use this tool if you’re between two vehicles which have seemingly identical qualities. Edmunds’ tool is sure to help you figure out which will end up being the better buy.
Some Examples of Unforeseen Cost
So what are some examples of the True Cost to Own® tool in action? Well, According to Edmunds.com research, when comparing a luxury sedan and a sport car of the same price, the sports car ends up costing over $4,000 more over a period of 5 years. Another example would be if you’re comparing an SUV to a roomy sedan; the SUV ends up costing over $7,000 more on gas as well as $1,800 more on taxes and fees over a five year period!
Consult your Annapolis Auto Mechanic
While Edmunds’ True Cost to Own® is an amazing online tool to take advantage of, nothing can replace the advice from your trusted and experienced Annapolis auto mechanic. Here at Choisser Import Auto Services, we’ll let you know whether or not the vehicle is worth the money. You’re also more than welcome to bring a vehicle into the shop and have us inspect it and tell you truly what kind of shape it is in.
Choisser Import Auto Services is an Annapolis auto mechanic specializing in the service and repair of Honda, Acura, Toyota, and Lexus vehicles. For more information on the services we offer, or to schedule to have your vehicle (or potential vehicle) looked over, give us a call at 410-867-2122 or fill out the form on our website today!
What Our Customers Say..
"Robert (Rob) Choisser has been servicing my 1998 Honda CRV for nearly 3 years. I have never had better, more honest service done on any of my cars. Rob is extremely thorough in his work and more than fair in his pricing, I would recommend his work to anyone in my family and to my friends. He is a real credit to his profession, his family and friends."
- Gary, Owings, MD