Question

Janine is considering what auto costs she is going to have after buying a new car. She has budgeted enough money for the monthly auto loan payment, fuel, and auto insurance. Has Janine factored in all of the costs associated with car ownership?

Answer 1

Janine has considered some costs but should also account for maintenance, repairs, taxes, depreciation, parking, and tolls to get a full picture of car ownership expenses.

Step-by-step explanation:

Janine has budgeted for her monthly auto loan payment, fuel, and auto insurance but there are additional costs associated with car ownership that she should consider. These include maintenance and repairs, registration and taxes, depreciation, and possibly parking or toll fees. It's important to factor in all potential expenses to ensure a comprehensive budget. Creating a detailed budget can help avoid financial strain from unexpected auto costs.