Which of the following is usually the biggest fixed auto ownership cost?
A) The cost of fuel
B) The cost of oil
C) The cost of installment loan payments
D) The cost of maintenance and repair
E) The cost of tires

Question

Quizplus · Accepted Answer

The cost of installment loan payments is usually the biggest fixed auto ownership cost as it includes the principal amount, interest rate, and loan term, which have a significant impact on the total cost of ownership. The cost of fuel, oil, maintenance and repair, and tires are variable costs that can fluctuate based on usage and other factors.

Which of the Following Is Usually the Biggest Fixed Auto