Toyota of North Charlotte

What determines your N Charlotte Toyota's true cost to own?

When shopping for a new Toyota, you might think that the only cost that matters is the one found in the vehicle’s new car window sticker. While it makes sense why people would think that, it’s not true. The price of the vehicle is very much important, but there are other things to costs to consider. The true cost to own of a Toyota is way more than the price. Our N Charlotte Toyota dealership explains how you can calculate the true cost to own of a new Toyota.

Find out what determines the true cost to own of our N Charlotte Toyota

What exactly is the true cost to own? Basically, this is how much the new Toyota cost to own over a 5-year period when you factor in expenses. When purchasing a new Toyota, you should take the true cost to own into consideration. Let’s take a look at the factors that influence costs of ownership:

  • Sticker Price and taxes and fees: This is important to pay attention to because it'll definitely have an effect on ownership costs. This price can affect taxes, your insurance rate, and more. Taxes and fees are also important to factor in. You'll not only pay the sticker price on your new Toyota near Charlotte, but taxes and fees. 
  • Fuel: Believe it or not, fuel plays a great role in the cost of ownership. If your new ride isn't fuel efficient, you're going to be spending more money at the pump. That's why so many people like to get behind the wheel of a N Charlotte Toyota Prius! Insurance cost: Another factor to consider is how much insurance is going to cost you. While your insurance rate is dependent on you (i.e. your credit, age, and driving history), it's also dependent on the type of N Charlotte Toyota you plan to drive. If you choose a pricier ride, you'll have to pay a higher insurance premium!
  • Car maintenance and repair: When thinking of your vehicle's true cost to own, remember to factor in the cost of car maintenance and repairs. Luxury vehicles tend to be pricier to fix, which can indirectly drive up the true cost to own! 
  • Interest rate: Your interest rate is another factor that can greatly drive up the cost of ownership! Make sure you keep this factor in mind when buying a new Toyota in N Charlotte and signing on the dotted line. 

Learn the true cost to own of our N Charlotte Toyota

Depreciation is another huge factor to consider when you calculate the cost of ownership. All vehicles depreciate as the years go by. Most cars depreciate about 15-20 percent each year, but some are better at holding on to their value. Our Toyota cars in N Charlotte are known for being valuable, since they hold their value better!

Visit our Toyota dealership to check out our Toyota cars! We’re located at 13429 Statesville Road and can be reached at 888-883-3797.

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