Understanding the Total Cost of Owning a Car

When you’re working out a budget for buying a car, it’s not just about the monthly instalment. In this episode we break down the details of all the expenses involved in keeping a car on the road. Join our host, Lebo Gaoaketse, WesBank's Head of Marketing and Communication, together with Rudolf Mahoney from WesBank Business Development and Matthew Kanniah, Automotive, F1, Motorsport and Lifestyle Content Specialist, as they delve into the topic of Total Cost of Ownership.

Please note that the information shared in this podcast is for educational purposes only. This information does not constitute financial advice and is not to be acted on as such.

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Chapters

• 1:12 Start with your budget
• 2:50 Importance of service and maintenance plans
• 4:13 Look at your needs for the vehicle
• 6:05 Petrol vs diesel engine
• 6:39 Manual vs automatic transmission
• 8:00 Maintaining older cars and getting parts
• 10:19 Adding vehicle extras
• 11:36 Service history and value of regular servicing
• 12:47 Finding information about cars
• 15:33 Looking at electric cars
• 16:23 Advice for first-time car buyers