Vehicle ownership refers to the legal possession of a car, truck, or other types of vehicles. This ownership typically involves purchasing the vehicle outright or financing it through a loan. Owners are responsible for maintaining the vehicle, which includes regular servicing, repairs, and ensuring it meets safety and emissions standards. In addition to maintenance, vehicle owners must also manage various costs, such as insurance, fuel, and registration fees. These expenses can vary based on the type of vehicle, its age, and the owner's driving habits. Overall, vehicle ownership provides convenience and mobility but requires ongoing financial commitment.