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. It is the difference between the initial cost of the vehicle and its eventual resale value. This cost is spread out over the lifespan of the vehicle and can be significant, especially for luxury or high-end cars. Insurance, gasoline, registration, license, and fees, and parking costs are all variable expenses that can change based on usage and other factors.

Which of the Following Is Usually the Largest Fixed Expense