New Delhi, Nov. 8 -- Buying a new car during Diwali often comes with festive discounts, exchange bonuses and attractive financing offers. However, the initial payment is only the beginning of car ownership costs. Once the vehicle hits the road, owners must also account for recurring expenses such as insurance renewals, fuel, servicing, parking and unexpected repairs.

While buyers generally factor in the ex-showroom price, down payment and monthly loan instalments before purchasing a vehicle, several additional costs can affect their monthly budgets. These expenses may appear small individually but can add up significantly over the years.

Fuel is among the most frequent expenses that car owners encounter after taking delivery. Daily offi...