Smart Car Shopping Pays: Tip-of-the-Day #100


In the market for a new ride? Do your homework. You may think you need an SUV (for your kids, pets or fitness equipment) but are you ready to pay nearly twice what a smaller vehicle will run you in gas, repairs and insurance?

Beyond the down payment and incessant monthly payments, consider what a typical repair will cost you, or the cost of gasoline on a weekly/bi-monthly basis.

According to AAA, an SUV costs 67 cents a mile to drive compared with 41 cents for a typical small sedan when you factor in things like insurance, repairs, and depreciation.

Before you buy your next car, go to a site like or and compare the "true cost to own" of any car you're strongly considering.

It pays to do your research!

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