With the cost of fuel these days, fuel-efficiency is very important to most vehicle buyers. For example, Lets say you can afford a monthly payment of around $200 and your current car takes about $400 a month to fuel up. Under this scenario, you are spending $600 a month to drive that vehicle (excluding repairs and maintenance). On the other hand, if dump that vehicle and you buy a car that costs $250 a month to fuel up you could actually afford a higher payment (and perhaps get a better vehicle). So when you are looking at a car, make sure you check how fuel-efficient it is as well. Doing so could save you a lot over the time you own the car.
The Bottom Line
Never confuse cost with price. The price is what you pay for the car, while the cost is what you’ll end up paying over the lifetime of the vehicle ownership.
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