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5-Year Cost to Own: $50,342. Learn More: Avoid These 7 Cars That Will Only Last You Half as Long as the Average Vehicle. ... Other Cars With a Low Cost in the First 5 Years.
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 ...
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.
For used cars, Kelley Blue Book provides typical listing price, certified pre-owned price, trade-in value and private party value. [20] [21] Kelley Blue Book also offers expert and consumer vehicle reviews and ratings, and 5-year cost to own information for new cars. [22] [23]
On average, the 10 cheapest EVs cost about $4,065 per year ($339 per month) to charge and buy car insurance, vs. $5,567 per year ($464) for fueling and insuring gas-powered cars. That's an annual ...
Within the first year of ownership, a new car usually depreciates by 20%. After five years, many cars have lost 60% of their original value. After five years, many cars have lost 60% of their ...