A Personal finance blog to get rich
Are you fed up being late for work because the bus never showed? Are you sick of sitting beside the man with dreadful body odor on the train? Do you wish you had your own car?
It’s not just the cost of buying a car that pulls on your purse strings; a car comes with numerous other expenses that are essential to keep it in good shape and on the road. Here is a guide to the complete costs of owning a car
Buying a used car is a great option for many people. A used car costs thousands of dollars less than a brand-new one, so buying a used one is a no-brainer for anyone who is on a tight budget or wants to save money. There are a number of quality used cars available, and the right used car can last for years.
However, almost everyone has heard at least one horror story about buying a used vehicle. No one wants to deal with a used car that is a money pit due to constant repairs, or a used vehicle that stops running altogether shortly after it is purchased.
An extended car warranty will come in handy in covering the cost of specific repair jobs on your vehicle once you reach the manufacturer’s warranty. Still, it might not be suitable for everyone out there. It’s important to remember that an extended warranty typically comes with a high price tag and doesn’t necessarily cover everything that might go wrong in the future.
Those who go for an extended car warranty might not use it at all. In that instance, an extended warranty is simply an expense without any financial return.
COVID-19 pandemic exerted a significant influence on the automotive sector. In 2020, a sharp decrease in new vehicle sales in the European Union was recorded. When compared to 2019, the number of such vehicles is 3 million lower.
Record-breaking Decrease in New Passenger Vehicle Sale in Europe
