How To Budget and Lower Automotive Expenses

Vehicle costs are the second-largest expense in the U.S. after housing, which makes an automotive budget a critical part of any financial plan. Budgeting means more than saving money for the vehicle purchase. You pay for your car over the entire life cycle of the vehicle, and a savvy car budget takes into account ongoing costs and occasional expenses, such as insurance, gas and repairs.

Using Edmunds data, we've estimated where money is spent on automotive goods and services over a typical ownership period of five years. We'll show you how to keep vehicle-related costs in line with your income ... Back to article