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Australia ASIC’s MoneySmart Cars App

· Car Ownership,Driving,Car Loan

I’m not sure if everybody is aware that there is an App that can help you determine the cost of buying and owning a car. Many of us budget for the purchase of a car and the monthly payments, if it’s a car loan, but fail to consider the costs of owning and using a car. 2 years ago a friend of mine got his car repoed because the daily costs ate up his supposed monthly repayment money. It was bad so it's better to be prepared.

You can check it out here. I strongly suggest that you download it if you are planning to buy a car especially if it's on financing.

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