Cost Of: Buying A Car
Depreciation is often the single largest cost of car ownership. A car's value "drops like a rock" as soon as it leaves the lot. AAA estimates that depreciation accounts for a significant portion of the total annual ownership cost, which hit an average of in 2025/2026. Budgeting Guidelines
: Some experts recommend keeping your payment alone under 15% of your monthly take-home pay . cost of buying a car
: Experts recommend putting down at least 20% of the car's price to reduce interest and avoid "underwater" loans. Depreciation is often the single largest cost of
