Considering recent headlines that suggest that we could be heading into a double-dip recession, this seems like an appropriate piece to run at this time. Now, if you all didn't know I am a finance guy. I love the stuff.
However, this is one seriously well-thoughtout/geeky piece put out by Kiplinger. Not only did Jessica Anderson take into account the price but Anderson also factored in insurance, depreciation, taxes and fees, what you pay fuelwise, service and repairs, and the opportunity cost on your down payment. I mean, it doesn't get much more thorough than that.
Now if you have been on the up and up with your latest car information, you probably know that there will be a Ford, Kia and Nissan on the list. However, I challenge you to tell us -- before looking through the list -- which is numero uno.
The price you negotiate for a car and the interest you pay on the car loan are only part of the cost equation. Insurance, depreciation, taxes and fees, what you pay over the years for fuel, service and repairs, and even the opportunity cost of the money you lay out as a down payment (what you'd make if you invested the money elsewhere) are all important ingredients in the cost of ownership...
[Source: MSN Autos VIA Kiplinger]
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