We then calculated total cost of ownership for these vehicles over five years based on manufacturer suggested retail prices, depreciation, taxes and fees, fuel costs, insurance, interest, and anticipated maintenance, opportunity costs and repairs.

FORBES: Magazine Article

Eight factors go into its cost of ownership calculations: depreciation, financing, fees and taxes, fuel, insurance, maintenance, repairs and opportunity cost.

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All possible costs associated with buying and renting were incorporated into the analysis, including down payment, mortgage and rental payments, transaction costs, property taxes, utilities, maintenance costs, tax deductions and opportunity costs, while adjusting for inflation and forecasted home value and rental price appreciation.

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