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The Hidden Costs of Car Ownership - What You Need to Know

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  When most people shop for a car, they usually just focus on the monthly payment or the asking price. However, the true cost of   car ownership   extends far beyond the negotiated price or the loan payment, with hidden expenses that can add thousands of dollars annually to your budget. From state-specific excise taxes to unexpected   repair   costs, understanding these hidden expenses is crucial for making informed financial decisions about vehicle ownership. To help familiarize young car buyers, we have compiled a list of the most common hidden or unaccounted car costs that are rarely disclosed prior to purchase.   hidden costs of car ownership     Sales Tax   While most car buyers that reside in states that collect sales tax realize they will have to pay some amount towards sales tax as they do on everything they purchase, they often underestimate this cost. Unlike other purchases,   car sales tax   can add thousands to your tota...
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Jeep – The Good the Bad and The Ugly

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  Jeep   stands today as one of the most recognizable   automotive brands worldwide . From its origins in World War II to its current position under Stellantis Group,   Jeep   has evolved from its military roots into a lifestyle brand appealing to off-road adventurers and suburban families alike. In this article we will delve deep into   Jeep's pros and cons . We will review the brand’s recent reliability challenges, increasing ownership costs and the impact the Stellantis ownership had on the company as a whole.   jeep-pros-and-cons     Despite its rugged image, Jeep has faced significant reliability challenges. While Jeep struggles to maintain its "go-anywhere" heritage, the reality for new buyers is mixed and the overall reliability rating has decreased under Stellantis ownership. According to multiple automotive reliability surveys, Jeep consistently placed near the bottom among major   automotive brands   for reliability and co...
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What is the Most Expensive State to Own a Car in America?

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  When most Americans think about the costs of car ownership, they focus on the sticker price and monthly payments. However, the true cost of owning a vehicle extends far beyond the purchase price, varying dramatically from state to state. From insurance premiums and gas prices to taxes, fees and   maintenance costs , the annual expense of keeping a car on the road can differ by thousands of dollars depending on where the car is registered. We analyzed multiple cost factors to determine what state is the most expensive place to own a car in the United States. We were able to fine-tune the results to 3 contenders:   Michigan ,   Nevada   and   California .   car-ownership-costs-by-state     Nevada   Nevada consistently ranks among the top three most expensive states for car ownership. Some estimates place car ownership cost in the state of Nevada to be anywhere between $3,200 and $6,000 annually. For auto insurance costs, with average pre...
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