cost of ownership
Cost of ownership means all the money you'll spend on a car over time, like gas, insurance, and repairs. It's important to think about this when buying a car.
Cost of ownership refers to the total expenses associated with owning a vehicle, including fuel, insurance, maintenance, and repairs. It's an important factor to consider when purchasing a car, especially for daily commuting.
Hear It Discussed
"...with a budget of five to seven thousand pounds, what would you buy if the only requirements were comfort and cost of ownership?"
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"So I reckon on five years at 5%, this is as good as property, right? So I reckon in five years that's coming up at about $105,000 as a cost of ownership."
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"We have all this cost of ownership data back on the car. It's like that can help you make a more informed decision."
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