So it's pretty much a give in that luxury automobiles are expensive to snap up. But, there's a difference between the initial cost to own a vehicle and then the TRUE cost. You see, the TRUE cost are all those little things you likely aren't thinking about as your heart is racing in the showroom.
Leave it to a finance publication to really hash out the details and get to the bottom of it.
That said, we'll list the initial five, let's see if you can figure out the remaining five -- without cheating.
10. Nissan GT-R
9. Range Rover
8. BMW 7-Series ActiveHybrid
7. Mercedes-Benz G550
6. Lexus LS600h L
Now, can you guess the rest?
Are you surprised at 24/7 Wall Street's findings?
The cost of a luxury automobile does not end with its purchase price — it begins there. The true ownership costs are often much more than what customers perceive, after repairs, insurance, interest and other expenses are taken into account. For example, an Audi R8 has a price tag of slightly more than $170,000. After five years, the costs of ownership of the R8 are an additional $193,500 on average. 24/7 Wall St. has examined the true cost of ownership, based on Edmunds.com calculations, for 2012 models sold in the United States, identifying the 10 cars that cost the most to own...
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