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According to Motley Fool Money research, the average cost of car ownership was $12,078 in 2023. Just 10 years earlier, in 2013, car ownership only cost $8,467. That means the cost of owning a car ...
Based on data from Experian, the average monthly loan payment for a new car is $726, while drivers paying on a used vehicle pay an average of $533 monthly. The majority of individuals—79 percent ...
The average monthly cost of new vehicle ownership is $1,015 as of 2023, according to AAA. This is a 13.5 percent increase from 2022, and many Americans are struggling to fit this rising cost into ...
Here's a breakdown of how the average cost of car ownership reached beyond $12,000, in order of largest to smallest costs: Cost Category. Dollars Spent per Year. Depreciation. $4,680. Fuel
The cost to buy a new car goes beyond the sticker, experts said. ... According to J.D. Power's data, the average monthly car payment in November 2024 was $740, $15 more than November 2023. It is a ...
According to Experian, the average monthly payment for a new car in Q1 of 2022 was $648 per month. However, that's nowhere near the total cost of owning a car. However, that's nowhere near the ...
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