Owning the car outright does not make you immune to depreciation cost. I owned my previous car for 7 years. It depreciated $11,000 during that time. That's $

Owning the car outright does not make you immune to depreciation cost. I owned my previous car for 7 years. It depreciated $11,000 during that time. That's $1,571/year I'd need to add to my cost.