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Calculating the total cost of ownership

When purchasing a car it’s worth keeping in mind that the price in the window isn’t the overall price you’ll pay over the price of the car. There’s insurance, fuel costs, repair and maintenance, tyres, and more.

CAP, the automative data organisation, have released an online tool allowing you to input information on the car you’d be interested in buying,your yearly habits such as annual mileage, and then it will give you a breakdown of the expected lifetime costs of the car. This can help you make informed decisions on which cars can be best for your needs. You might find that a more expensive car can be cheaper over the lifetime of ownership.

A mobile app is expected to arrive in the future, which would allow you to look up the lifetime costs of the car right from the dealership forecourt.