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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 ...
Why is the average cost of car ownership $12,000? In its 2024 Your Driving Costs study , researchers at AAA found the average new car in America sells for $38,883. But the sticker price is not the ...
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 ...
A study attempted to quantify the costs of cars (i.e. of car-use and related decisions and activity such as production and transport/infrastructure policy) in conventional currency, finding that the total lifetime cost of cars in Germany is between 0.6 and 1.0 million euros with the share of this cost born by society being between 41% (€4674 ...
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.
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