The goal of this research is to develop a tool that can help students and the public better understand the total cost of owning and operating a personal vehicle over the lifetime of that vehicle, from vehicle purchase to vehicle disposal. Lifetime vehicle operating cost consists of the vehicle purchase cost, as well as costs that are less obvious to the user (e.g., financing, fuel, maintenance, insurance, etc.). Underestimating the hidden costs embedded in lifetime vehicle operating cost can lead people to choose vehicles that are unaffordable for their financial situations. Hence, educating transportation planners, students, and the public about lifetime vehicle operating costs is important.


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    Title :

    Personal Vehicle Ownership and Operating Cost Calculator


    Contributors:
    D. Kim (author) / Y. Zhao (author) / M. O. Rodgers (author) / R. Guensler (author)

    Publication date :

    2018


    Size :

    68 pages


    Type of media :

    Report


    Type of material :

    No indication


    Language :

    English




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