{"id":5483,"date":"2019-05-16T11:37:24","date_gmt":"2019-05-16T15:37:24","guid":{"rendered":"http:\/\/caissealliance.absoludev.ca\/?p=5483"},"modified":"2019-05-16T11:37:24","modified_gmt":"2019-05-16T15:37:24","slug":"how-much-does-a-car-actually-cost","status":"publish","type":"post","link":"https:\/\/www.caissealliance.com\/en\/personal\/youth\/car\/how-much-does-a-car-actually-cost\/","title":{"rendered":"How much does a car actually cost?"},"content":{"rendered":"

Getting a car<\/h2>\n

To make an informed choice that\u2019s within your budget, see Choosing the right car<\/a><\/p>\n

Car maintenance<\/h2>\n

Once you\u2019ve bought (or leased) your car, you have to consider everything you\u2019ll have to do to keep it running.<\/p>\n

Type of expense\u00a0and Approximate annual cost<\/h2>\n

1- Gas<\/strong><\/h3>\n

Depends on the type of vehicle, number of kilometres travelled and price of gas.
\nTo calculate the cost, fuel up, take down how much it cost and divide that amount by the number of kilometres you travel.<\/p>\n

Ex<\/strong>.: Calculation for a car that does 100 kilometres per 7 litres<\/p>\n

7 litres\/km\u00a0<\/u>x 108,5 cents\/litres\u00a0<\/u>= 7,60 cents\/km<\/u><\/p>\n

If you travel 10,000 km a year, you\u2019ll spend about\u00a0$760<\/strong>\u00a0a year.<\/p>\n

2 – Repairs<\/strong><\/h3>\n

These expenses are difficult to plan. Make sure you save each month so you can pay when the time comes.<\/p>\n

To easily build an emergency fund, put a certain amount in a savings account. You can ask your Caisse populaire to do it for you\u2014you won\u2019t even have to think about it anymore!<\/p>\n

3 – Oil changes and other types of maintenance <\/strong><\/h3>\n

Visit your car manufacturer\u2019s website or contact a dealership to find out more about necessary maintenance.<\/p>\n

Ex.: If your car requires an oil change every 5,000 km and you drive 10,000 km a year, then your car will need 2 oil changes at about $25 each.<\/p>\n

Total:\u00a0$50<\/strong>\u00a0plus other maintenance<\/p>\n

4 – Insurance<\/strong><\/h3>\n

Depends on the type of vehicle, your driving experience, age, place of residence, etc.<\/p>\n

To get an idea of your insurance cost, request a quote at your insurance office.<\/p>\n

Ex.<\/strong>: For a 17-year-old\u00a0 resident (male) driving a 3-year-old economical compact car, the premium is more than $3,500 a year.<\/p>\n

5 – Winter tires <\/strong><\/h3>\n

You\u2019ll definitely need some because they\u2019re now mandatory. Expect to pay between $80 and $200 per winter tire.<\/p>\n

Don\u2019t forget that you\u2019ll need to replace them every 2, 3 or 4 years, depending on their wear.<\/p>\n

Total: approximately\u00a0$400<\/strong>\u00a0or more<\/p>\n

6 – Parking<\/strong><\/h3>\n

Depends on where you reside and work.<\/p>\n

7 – Registration<\/strong><\/h3>\n

About\u00a0$35<\/strong>\u00a0a year.<\/p>\n

8 – Driver\u2019s licence <\/strong><\/h3>\n

Approximately\u00a0$50<\/strong><\/p>\n

If you have a learner\u2019s permit or probatory licence, a maximum of 3 demerit points can be entered on your driving record.<\/p>\n

9 – Accessories, winter wipers, maintenance products, car wash fees, etc. <\/strong><\/h3>\n

Plan between\u00a0$50 and $100<\/strong>\u00a0a year.<\/p>\n

Total:\u00a0<\/strong><\/h3>\n

You can plan\u00a0at least $1,300 a year<\/strong>, only to keep it running (excluding the insurance premium).<\/p>\n","protected":false},"excerpt":{"rendered":"

To make an informed choice that\u2019s within your budget, see Choosing the right car Once you\u2019ve bought (or leased) your car, you have to consider everything you\u2019ll have to do to keep it running. Depends on the type of vehicle, number of kilometres travelled and price of gas. To calculate the cost, fuel up, take […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[114],"tags":[],"class_list":["post-5483","post","type-post","status-publish","format-standard","hentry","category-car"],"acf":[],"yoast_head":"\nHow much does a car actually cost? | Caisse Alliance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.caissealliance.com\/en\/personal\/youth\/car\/how-much-does-a-car-actually-cost\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How much does a car actually cost? | Caisse Alliance\" \/>\n<meta property=\"og:description\" content=\"To make an informed choice that\u2019s within your budget, see Choosing the right car Once you\u2019ve bought (or leased) your car, you have to consider everything you\u2019ll have to do to keep it running. Depends on the type of vehicle, number of kilometres travelled and price of gas. 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