Owning a car is important for many people, but car owners need to be aware of the total cost of ownership for their vehicle. There are many more expenses involved than just your monthly loan or finance payment. The Hyman Bros. Kia finance team is here to help you consider these costs.
One of the main car expenses beyond your payment is insurance costs. Nearly every state requires you to carry at least liability insurance, and if you have a loan on your car, the lender likely will make you carry full insurance coverage. That can cost you several hundred dollars a year. Another main vehicle expense is maintenance. You will face regular maintenance costs such as oil changes and tire rotations, and one-time maintenance costs such as fixing flat tires. Additional costs of ownership include fees for things such as parking, licensing, taxes, tolls and auto club memberships.
If you are in the market for a new vehicle, come visit us at Hyman Bros. Kia in Midlothian, VA to see your options.