Vehicle expenses can be categorized into several types:
1. Fuel Costs: This is often the most substantial and recurring expense. Fuel prices can fluctuate, affecting your budget. 2. Maintenance and Repairs: Regular upkeep is essential to ensure the vehicle runs smoothly and to avoid unexpected breakdowns. 3. Depreciation: Vehicles lose value over time. Understanding depreciation helps in making informed decisions about buying or leasing. 4. Insurance: Mandatory for all vehicles, insurance costs can vary based on coverage, vehicle type, and driving history. 5. Taxes and Registration Fees: These are annual costs that need to be factored into your budget. 6. Parking and Tolls: Depending on your operation area, these costs can add up quickly.