Which of the following is usually the largest fixed expense for a new vehicle?

Question

Quizplus · Accepted Answer

Depreciation is typically the largest fixed expense for a new vehicle, as it refers to the decrease in value of the car over time. This is especially true in the first few years of ownership, where the vehicle may lose up to 20% of its value each year. Insurance, gasoline, registration, license, and parking expenses can vary depending on factors such as location and usage, but depreciation is a consistent and significant cost for new car owners.

Which of the Following Is Usually the Largest Fixed Expense