How Much Does it Cost to Own a Car?

When buying a car or truck, it's important not to get fixated on the monthly payment for your loan. There are many additional costs involved with new Honda ownership that you’ll want to consider. The Piazza Honda of Springfield finance team is eager to share a few of those unexpected or less-visible costs with you today.

One of the biggest new car expenses outside of your down payment or monthly installments is going to be your insurance. If you have a newer car with a loan, you will need a full package of coverage, which can easily run close to $100 a month or more. Another auto expense is maintenance. Your car needs regular oil changes and tire rotations. You also will have other infrequent and one-time maintenance costs, such as for new tires, a new battery or for mechanical problems. Additional cost of ownership items that you might experience include parking costs, licensing and taxes, upgrade accessories, and tolls.

The Honda finance representatives here at Piazza Honda of Springfield can help you understand what the costs involved with owning a car or truck will reflect. Contact us or stop by our Springfield Honda dealership soon!