Cost Planning
Used Vehicle Ownership Costs
A breakdown of the recurring and occasional expenses that come with owning a used vehicle, so you can plan ahead.
- 01
Recurring expenses
These costs show up on a regular basis and are the easiest to plan for.
- Fuel or charging.
- Routine maintenance such as oil changes and tire rotations.
- Registration and inspection fees, which vary by state.
- Parking and tolls where applicable.
- 02
Occasional expenses
Tires, brakes, batteries, and wear items are replaced every few years. Setting aside a small amount each month can soften these costs.
- 03
Unexpected repairs
Older vehicles may need repairs outside the normal schedule. Many owners keep a dedicated repair fund for this reason.
- 04
Depreciation
Used vehicles generally depreciate more slowly than new ones, since the steepest drop often happens in the first few years.