The higher the sticker price, the steeper the associated costs.īuying a luxury car? Ask yourself these questions first It’s true: winning a car is the gift that keeps on taking, and very few vehicles do anything except depreciate from the moment you take possession of them.
But do you have a (safe) place to park it? Have you taken a boo at the cost to insure it? Wanna know how much a set of tires costs for that baby? An oil change? “ If you cannot afford to buy a Porsche, you likely don’t want the accompanying expense of operating one with $500 tires that wear out after 25,000 km and $1000-plus service visits,” explains Iny. What if you win not cash, but a fancy car? It’s different from winning a Kia Rio or a Toyota RAV4 or a Honda Civic or, this year, rolling up a rim for a Volkswagen Taos Highline you might even already be in the market for one of these popular vehicles, or becoming close enough to make the move from your current vehicle.īut what if you win a Porsche, or a Maserati, or a Ferrari? First things first yes, they pay licence and registration.
