Remove Buy Remove Cost Of Remove Financing Remove Maintenance
article thumbnail

Pencil-Necked Finance Dweebs Suggest Anyone Making Six-Figures Should Only Buy a $15,000 Car

The Truth About Cars

In order to reach this out-of-touch conclusion, the killjoys at Investopedia start with an assumption that one should limit their transportation expenses to 10 percent of an annual salary, including insurance, fuel, maintenance, and the car payment itself. per month (about 10 cents per mile). Simple math leaves is with $330.50

Financing 108
article thumbnail

Top 7 Tips for Buying a Car

Clean Fleet Report

Making the right choice could have lasting effects on your daily routine, finances and overall quality of life, whether you’re new to car buying or an experienced veteran. In this post, we explore seven essential tips on buying smartly. There could be hidden problems that may cost more in the long run.

Buy 48
article thumbnail

The Escalating Costs of Owning a New Car

The Truth About Cars

This increment in sticker prices has a direct bearing on finance costs, reflected in an average annual finance charge of $1,253, signifying a staggering 90 percent surge compared to the prior year. Depreciation Depreciation, the decrease in a vehicle's value over time, serves as another significant cost component.

Cost Of 52
article thumbnail

The hidden costs of using an electric bike

Baua Electric

But while you’ll see plenty of people espousing the supposed advantages of electric bikes, it’s important to keep in mind some of the hidden costs of owning and using these two-wheeled electric vehicles. If you don’t already have smaller holes in your belt, you’ll probably have to buy a new one. What a waste! of electricity.

Cost Of 52
article thumbnail

Opinion: 4 Things You Should Think About Before Buying a Sports Car

Clean Fleet Report

These prized possessions go for multiple thousands of dollars and cost more in maintenance costs. Remember, you are buying a car, not a deal. Check and confirm if you can afford your car’s insurance premiums and maintenance fees for the high-performance engine. Extra Costs. Don’t be wowed by the deal.

Buy 80
article thumbnail

How To Successfully Manage Business Vehicle Expenses

Clean Fleet Report

If you want to manage the cost of your business fleet and keep your expenses as low as possible, here’s how. Managing business vehicle expenses starts with fuel Control Fuel Costs Fuel costs are forever increasing, meaning your business is spending more and more money on fueling its fleet.

article thumbnail

Lightning Systems receives California ARB Executive Order for the Transit Bus Repower powertrain

Green Car Congress

A repower is a cost-effective and timely solution for transit agencies. —Tim Reeser, Lightning Systems CEO.