Understanding the Cost of Car Ownership


If you're on the lookout for a local dealer that prioritizes giving customers a comprehensive understanding of what it takes to own a vehicle, then visit Bommarito Ford. It's crucial to recognize all financial obligations involved when purchasing a new or pre-owned car. The knowledgeable team at our Ford dealer near St. Charles is committed to explaining each cost factor, ensuring you make an informed choice. From insurance and auto loans in Missouri to upkeep and fuel efficiency, let's explore the true financial requirements of car ownership.

employee handing off new car keys to customer

Choosing the Right Vehicle & Initial Cost

The type and price of the vehicle you select greatly affects overall ownership costs. Higher end models like the new Ford Expedition or Super Duty® trucks have higher upfront costs compared to more affordable choices like used cars or Certified Pre-Owned Ford vehicles in Hazelwood.

Financing Options & Credit Impact

Your credit history and score play a vital role in determining your auto loan conditions. At Bommarito Ford, our Ford finance experts work to offer competitive loan rates suitable for various budgets and credit backgrounds. Lower interest rates can decrease your total expenditure over the length of your car loan.

Insurance Costs & State Fees

Insurance premiums depend on factors such as: vehicle safety ratings, driving record, age and location. Additionally, Missouri has specific taxes and registration fees that add to your overall ownership costs. The Bommarito Ford sales team can help you estimate these expenses for a clearer understanding of your annual financial commitments.

Maintenance Costs & Fuel Efficiency

Ford vehicles are renowned for their durability and low maintenance requirements, which help lower long-term ownership costs. Vehicles like the Ford Escape Hybrid offer great fuel economy, translating into savings on fuel. Furthermore, electric models such as the Ford Mustang Mach-E and F-150 Lightning near St. Charles provide environmentally friendly options with reduced running costs.

salesman shaking hand of customer