Tag: cost of ownership

As a car ages, it's good to give it a once-over.

Lee's Toyota had 208,000 miles on it--when the odometer broke ten years ago. Should he keep his daily driver running, or let it go?

It costs far, far more than you think to own a car. Most people just think of purchase price and gas, but don't forget all the hidden costs. A new AAA report crunches the numbers.

Rachel wants to know how much it costs per mile to run a car. Her friends calculate the cost of by the cost of the gas used, but Rachel thinks they should also factor in wear and tear on the engine, maintenance, etc. Luckily, the IRS calculates this number every year. The answer, plus Tom and Ray's advice on whether Rachel should start billing her friends at the IRS rate for rides around town, right here.