For Subscribers

At All Costs?

It may look like a deal, but calculate the true cost to own first.

By Jill Amadio

Opinions expressed by Entrepreneur contributors are their own.

Before buying your next business vehicle, check out how much itcosts to own and operate. Don't just calculate fueleconomy--taking into account the true cost to own, or TCO, is thesmartest way to budget transportation over the long run. Ongoingexpenses include maintenance, fuel, repairs, insurance, financing,depreciation, and state taxes and/or fees.

Several websites have tools to calculate the TCO for vehicles.The most comprehensive and easiest to navigate is, where thecosts of ownership for models in every class of car and truck arelisted (you'll need to add your ZIP code). providesa breakdown of major operating costs; the vehicle's true marketvalue price, including options, delivery charges and taxes; andlinks for comparisons with similar vehicles.

Continue reading this article — and all of our other premium content with Entrepreneur+

For just $5, you can get unlimited access to all Entrepreneur’s premium content. You’ll find:

  • Digestible insight on how to be a better entrepreneur and leader
  • Lessons for starting and growing a business from our expert network of CEOs and founders
  • Meaningful content to help you make sharper decisions
  • Business and life hacks to help you stay ahead of the curve

Related Topics

Editor's Pick

This 61-Year-Old Grandma Who Made $35,000 in the Medical Field Now Earns 7 Figures in Retirement
A 'Quiet Promotion' Will Cost You a Lot — Use This Expert's 4-Step Strategy to Avoid It
3 Red Flags on Your LinkedIn Profile That Scare Clients Away
'Everyone Is Freaking Out.' What's Going On With Silicon Valley Bank? Federal Government Takes Control.

How to Detect a Liar in Seconds Using Nonverbal Communication

There are many ways to understand if someone is not honest with you. The following signs do not even require words and are all nonverbal queues.

Business News

'Things Will Go Wrong.' Google Releases Its Chatbot Bard With Caution.

The AI-powered search tool went live today to a limited number of users in the U.S. and the U.K.

Business News

These Are the Most and Least Affordable Places to Retire in The U.S.

The Northeast and West Coast are the least affordable, while areas in the Mountain State region tend to be ideal for retirees on a budget.

Business News

Carnival Cruise Wants Passengers to Have Fun in the Sun — But Do This, and You'll Get Burned With a New $500 Fee

The cruise line's updated contract follows a spate of unruly guest behavior across the tourism industry.