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In 2022, the latest year for which statistics are available, AAA estimated that the annual cost of car ownership was $10,728, up from an average of $9,666 the previous year.
Car ownership costs -- including auto insurance -- have increased dramatically in recent years. According to Motley Fool Money research, the average cost of car ownership was $12,078 in 2023. Just ...
For many Americans, buying a car is among the most expensive purchases they will ever make. And car prices are on the rise. According to Kelley Blue Book, the average cost of a new car as of March ...
Car finance comprises the different financial products which allows someone to acquire a car with any arrangement other than a single lump payment. When used, and for the purpose of assessing the private financial costs, one must consider only the interests paid by the car owner, as some part of the amount the owner pays each month for the finance is already embedded in the depreciations costs.
Total costs for one year of ownership: $22,760. Annual gas: $2,151. Average insurance: $1,265. Unlike its New England sister states, New Hampshire is the cheapest state on the list to own a car ...
New and used car prices have increased due to the COVID-19 pandemic, gas prices have been fluctuating year over year, and many people want big cars that are much more expensive to own than small cars.