The Edmunds Inc. True Cost to Own® (TCO®) pricing system calculates the additional costs you may not have included when considering your next vehicle purchase. These extra costs include: depreciation, interest on your loan, taxes and fees, insurance premiums, fuel costs, maintenance, and repairs. Search here to view the TCO® of any vehicle.
By Phillip Reed
You've narrowed your choices to two new cars, but you can't seem to decide which one is really the better deal.
The purchase price of each car is nearly the same. The features are similar, and you like the way they both look. Still, a nagging feeling tells you that there must be a meaningful difference between them, even if it's not readily apparent during the purchase process.
Your intuition is right on the money. And now there is a new tool that reveals the hidden costs — all the costs — associated with buying, owning and operating a car over a five-year-period. It's called True Cost to Own® (TCO® for short), and it is a revolutionary new consumer service provided by Edmunds Inc.
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