Is buying a Car cheaper than Building
A controversial question that a lot of people have asked: “is buying a car cheaper than building?” much research has been made to underscore the best poll that gave the highest percentage on the question to know the best route to follow.
Before we go down to the answer، we have to first study the following things:Cost of owning a car
Cost of building a house
Benefits of building a house
Car vs building (comparison from different perspectives)
Things to consider before buying a car
Things to consider before building a house
Is buying a Car cheaper than Building
1. Cost of owning a car
It is common to say that cars are expensive. Additionally، there are things to include when you want to calculate the cost of acquiring a car، they include:MaintenanceInsuranceAverage gas consumption cost per year (which seems to be unstable and continually increases).
Perhaps، buying a car is expensive، but managing the ownership of the car is considered more expensive.
Owning a car is more like adding routine expenses to your budget because your car remains a liability from the day you purchase it. Some fees you must pay include; insurance، registration of the car، and emissions tests. These fees are required for a driver to get them in many states.
It was stipulated by the U.S Department of labour; the U.S Bureau of labour statistics in 2019، that to own and operate a vehicle costs $10،742 per year. The calculations were breakdown into $4،394 for the purchase of a vehicle، while $2،094 is for gasoline and oil expenses، and other miscellaneous costs for the vehicle which include maintenance، parts replacement e.t.c is $4.254.
