Have you ever sat down and calculated how much it actually costs you to own a car in the state of Texas? While many people think they know how much their car costs them, most people don’t know how much they are really paying. Although it’s easy to point to your monthly car payment and say that’s how much your car costs you, you are missing out on all of the costs that are associated with owning a car. These include taxes and fees, depreciation, financing, insurance, fuel, maintenance and repairs.
So, would you like to know how much the average person pays to own a car in the state of Texas? While this number may come as a shock, over the course of a five year period, the average resident of Texas spends $52,724 on owning a car. And if a family owns two cars, you can double that number to nearly $105,500 over just a five year period! Plus, since this is an average for the entire state of Texas, the average for residents of Houston will almost always be higher (given that they have to pay a major premium for things such as parking space).
If you are wondering if there is anything you can do to reduce this huge number, the answer to your question is yes. With Houston car sharing programs on the rise, it is possible to shed the financial burden created by car ownership while still having the freedom to access a vehicle when you need to go somewhere.
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