A Typical Scenario
"Well, the long-term cost of ownership is definitely something to consider. Let me give you a real-world example. A few years ago, I bought a used Honda Civic. The sticker price was pretty reasonable, but over the years, the maintenance and repair costs really added up. I had to replace the brakes, tires, and even the alternator.
How It Works in Practice
When you use the Long Term Cost Of Ownership, and the gas mileage, while decent, wasn't great for my daily commute. All in all, I probably ended up spending an extra $4,000 or more on this car than I had initially anticipated.
