Owning a Vehicle
Here are some additional driving costs to factor in:
Auto Insurance. Here is a link to the Insurance Corporation of B.C. (ICBC)
Autoplan Insurance for more information on vehicle
insurance.
http://www.icbc.com/autoplan/Pages/Default.aspx.
License and Registration. Here is a link to ICBC
Registration.
http://www.icbc.com/vehicle-registration/Pages/
default.aspx .
If you are considering purchasing a vehicle. It is important to know the costs of
owning a car – including insurance, gas, maintenance, and how to finance your
purchase if you can't pay cash – before you buy. The true cost of vehicle
ownership can be higher than you think. Owning a vehicle is more than the
monthly payments. It can be helpful to have a budget before you begin shopping.
Here is list of some of the expenses that you would expect to have. The Canadian
Automobile Association has some information on the costs of driving at:
https://www.caa.ca/canadians-unclear-about-the-true-cost-of-owning-a-vehicle/
Summer/All Season Tires and Winter Tires.
Although winter tires are not mandatory in all of B.C.,
keep in mind that the Ministry of Transportation and
Infrastructure can designate them to be required on
certain roads and highways, such as here.
https://www2.gov.bc.ca/gov/content/transportation/
driving-and-cycling/traveller-information/seasonal/
winter-driving/winter-tire-and-chain-up-routes?
keyword=winter&keyword=tire&keyword=rules
FreeImages.com Content License-Tom Pickering
Winter tires are required in B.C. on many rural
highways and high mountain passes in the Interior, North and Vancouver Island. If
you're driving on these roads without winter tires, police can ticket you and make
you turn back. The Candian Automobile Association (CAA) estimates that a new
set of winter tires can cost up to $968.96, depending on your vehicle.
Maintenance. This can be a bit tricky to budget, because it really depends
on your vehicle. CAA estimates that you can budget 3.27 cents/Km driven. More
info on maintenance costs can be found here:
https://www.caa.ca/canadians-unclear-about-the-true-cost-of-owning-a-vehicle/
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