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This is based on total cost of ownership factors including depreciation, financing, insurance, maintenance, repairs, fees and taxes and, of course, fuel consumption.
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This includes depreciation or lease payments, maintenance and repairs, tires, the cost of gas, oil, insurance, and license and registration fees.
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Eight factors go into its cost of ownership calculations: depreciation, financing, fees and taxes, fuel, insurance, maintenance, repairs and opportunity cost.
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