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Kiplinger
Kiplinger
Business
Sean Jackson

The 'SUV Tax': How Your Vehicle Choice Impacts Your Net Worth

Dealer handing car key to businessman with electric SUV in background inside car dealership, symbolizing sustainable transportation, vehicle purchase, and business success.

Many families view the SUV as a status symbol of success, parked in the driveway. But that badge of success might be among the most expensive financial decisions you make this decade.

Buying a vehicle is one of your largest household expenses, yet too many drivers prioritize aesthetics over economics. While price and passenger capacity matter, a surprising trend has emerged at dealerships: Shoppers are ignoring affordable minivans in favor of pricier SUVs.

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