Infographic:What Is The Cost Of Owning A Car In Scarborough?
Sticking to a budget is hard. Understanding exactly how much your vehicle is costing you every day can make it easier to see where your money is going and how much your expenses compare to others around your area.
There are many expenses that make up the overall cost of running your car every day. Things like average gas price in your area, auto insurance, your daily commute, and even which neighbourhood you’re in will all affect your final bill. Once you break all these costs down, you can start to see where you could save money or whether you should renegotiate your insurance policy.
Scarborough is an outer neighbourhood of Toronto located to the east of downtown. Home to the gorgeous Scarborough Bluffs and a melting pot of different cultures, residents of Scarborough are proud of their home. Most Scarborough residents commute to downtown for work every day, which will contribute to the overall cost of owning a car there. The typical daily commute in Scarborough is one of the quickest and cheapest in the GTA, averaging 36 minutes over 24 kms. This comes to a very decent $3.60 each way in gas costs, which is almost comparable to taking the TTC. On top of this, Scarborough residents are used to paying approximately 14.32% less for all their everyday expenses than Torontonians, including rent and car maintenance.
An area where Scarborough residents pay some of the highest costs for is auto insurance, with the average policy coming in at an eye watering $2,165. Gas prices are also slightly higher than the rest of the province at $1.06 per litre.
When Scarborough residents need a new car, they turn to Scarborough Bad Credit Car Loans. We are the leading subprime credit car loan providers in Southern Ontario and always make securing the lowest interest rates possible our top priority. If you need a car fast but your credit is less than ideal, contact us today and get approved now.