Cost of ownership for a car
When deciding about buying a car I was comparing cost of ownership for my options. I travel about 50km to and fro every day for work. Data marketed by car makers is designed to improve their sales only. For instance they often give fuel efficiency in km per litre as a major feature. Customers tend to get the impression that a car with higher fuel efficiency will save them money. However, this may or may not be the case. Instead, one should consider the cost per km of running the car. This means that you need to consider more factors than just the price of fuel and fuel efficiency of your car, in addition to the total distance that you would be running the car in a year (or every day). Typically, for an objective comparison you should consider following major components: Price of fuel per unit, F Fuel efficiency of car (distance run per unit of fuel), E Cost of maintenance (e.g. replacing tyres, and engine oil etc.), M Cost of insurance, I Yearly distance run by the car, D Tota