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[quote=Anonymous]Don’t forget to include the costs of insurance, registration, parking, and repairs. There’s also the opportunity cost of having equity tied up in the car (i.e. how much could you earn in interest per year if you invested the $5k). I think AAA publishes numbers on the average cost of owning a car and I think it’s around $8,000 per year considering all those types of things.[/quote]
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