Before purchasing an automobile it is important to estimate all of the expenses that go along with ownership. Just because you can afford the monthly payment doesn’t mean you can afford the vehicle. Sometimes the monthly payment is only half of your total monthly expenses. Many automotive expenses start after the vehicle purchase. When determining if you can afford a specific car, take into consideration car payments, insurance, fuel expenses, annual license and registration, routine maintenance, and unexpected repairs. This course will help you describe insurance coverage levels, calculate automotive expenses, and determine the annual cost to own a car.
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