When purchasing a vehiclewhich of the following would traditionally yield the highest total cost?

Answer 1

When purchasing a vehicle, traditionally, buying a brand-new car would yield the highest total cost. This is due to factors like depreciation, which causes new cars to lose significant value as soon as they're driven off the lot, as well as higher initial purchase prices compared to used vehicles. Additionally, new cars often come with higher insurance premiums and can have additional costs for taxes and fees. Overall, the combination of these factors typically contributes to a higher total cost of ownership for new vehicles.