TAILIEUCHUNG - Driving Costs Beyond the price tag: Understanding your vehicle’s expenses

Scratches and stonechips, although insignificant in terms of physical damage, can greatly detract from the overall looks and the value of almost any car. With a little time and attention to detail most damage of this type can be repaired with the minimum of cost. Check that the damage is confined to the paint/primer layer itself, . there is not a shallow dent beneath the paintwork damage! Smooth out the scratched/chipped area with wet/dry abrasive paper 180 grit, finishing with 320 grit until a level surface is achieved, with a visible "contour" at least 1cm wide showing. | 2012 Edition Driv Costs. Beyond the price tag Understanding your vehicle s expenses CANADIAN AUTOMOBILE ASSOCIATION The information in this booklet applies to household vehicles not business use. Organizations operating fleets of vehicles or paying employee allowances for personal vehicles should contact CarDATA Consultants Inc. for information regarding their services. Vehicle Expenses National Average Costs Average Annual Operating Costs Average Annual Ownership Costs Annual Driving Costs How to Calculate Your Vehicle Expenses Your Vehicle and Your Business 3 4 4 5 6 8 11 CANADIAN AUTOMOBILE ASSOCIATION Driving Costs 2012 2 Driving Costs 2012 Beyond the price tag Understanding your vehicle s expenses Whether you buy new or used there s more to the cost of your vehicle than the purchase price. Fuel maintenance depreciation all kinds of factors add to your total cost of ownership. Since transportation is an average household s second largest expense it makes sense to get the full picture of what you re spending each year to keep your vehicle on the road. That s why the Canadian Automobile Association developed this booklet. By giving national averages and approximate figures as guidelines Driving Costs helps you make the calculations you need to build an accurate transportation budget. VEHICLE EXPENSES All the average costs we ve cited are for vehicles operating under mostly stop-and-go driving conditions. Costs are weighted by the population of each province to establish a nationwide composite average value and are calculated using figures available as of February 2012 except for fuel costs which reflect the average price in 2011. There are two main kinds of costs associated with your vehicle Operating Costs These are variable meaning they may change depending on where you live how you drive how often you re on the road and what you spend on service and repairs. Ownership Costs These are fixed meaning they are normally stable from month

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