Is Life in LA More Expensive When You Buy a Car?

Is Life in LA More Expensive When You Buy a Car?

Navigating Car Ownership in Los Angeles

Owning a car in Los Angeles can be a mixed bag of excitement and frustration. For those moving from cities like New York, where public transport often reigns supreme, adapting to car-life in LA can be challenging, especially given the heavy congestion on roads like the 405. After living without a car for a year and a half, the allure of having one again became too strong to resist.

The Initial Dilemma

When contemplating buying a car, the daunting experience of visiting dealerships can be quite discouraging. Many buyers often find themselves caught in a cycle of anxiety-inducing negotiations. A simple $28,000 car can see its price balloon to nearly $37,000 after hidden fees and charges become apparent. This can leave prospective buyers feeling like they have been misled or worse, cheated.

A Lucky Break

However, amidst the frustrations, good fortune sometimes knocks on your door. In this case, the author's brother was selling his 2019 BMW as he relocated to London. With a generous sibling discount and 0% financing options, it looked like a perfect deal. While the car price of $16,000 was easier to manage, the overall expenses didn't stop there.

Hidden Costs of Car Ownership

Shipping fees alone can add up; in this instance, transporting the car from Charlotte to LA cost $1,195. New tires were another expense, costing $1,700, specifically for "run-flat" options that are essential for this vehicle. Furthermore, adhering to California regulations, a smog test and registration brought additional costs of $76 and $282, respectively.

On top of these one-time expenses, monthly costs emerged, including car insurance at about $75 and fluctuating gas prices that can push $5 per gallon. All of these costs can easily weigh on a new car owner’s budget, making it crucial to prepare adequately.

Conclusion

Though the initial excitement of car ownership can transition into a challenging financial undertaking, understanding all factors involved can make the journey smooth. Keeping a close eye on both upfront costs and ongoing expenses is essential for maintaining a healthy budget in the car-centric culture of Los Angeles.

If you’re considering parting ways with your junk car, we can help. Get a free quote for junking your car with Cash for Cars Los Angeles. Feel free to call us at 213-441-3333 or click below for an “ONLINE QUOTE.” Don’t let that unwanted vehicle sit around any longer!

Source: Business Insider

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