The total cost of ownership cars involves more than just the actual cost of the vehicle. After you take into account insurance, maintenance, and other factors, the true cost of ownership becomes more clear. One area of vehicle ownership that’s difficult to understand is depreciation, or the amount of value a vehicle loses over the course of it’s life. This is an important element to know, whether you’ve recently purchased a new vehicle or you want the advantage when negotiating the price of a used vehicle. Read More: