Smart people use total cost of ownership (TCO) in their decision

Views: 327 Salespeople tend to avoid telling you about the total cost of ownership. Car dealers only want to talk about your monthly payments. Real estate agents and brokers only talk about mortgage payments. There are many expenses attached to buying a car than its payment and to buying a house than its mortgage. “Total cost of ownership (TCO) is the cost of buying a product plus the cost of owning it until you sell it or it is no longer useful”, Save Invest Compound. If you buy a car, your total cost of ownership includes, car payments, interest on …

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