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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.
How To Calculate the Cost of Owning a Car. An easy way to figure out how much owning a car costs is to use a car cost calculator. All you need to do is add up your regular car expenses, like gas ...
Just how much money does it take to buy and maintain a car for one year? To determine the answer to this question across all 50 states, GOBankingRates surveyed and totaled four key car expenses...
According to AAA, Americans are now paying an average of $12,182 to own and operate a new car. What are some ways to make owning a car in the U.S. cheaper? Let’s dig in. Go for Fuel-Efficient ...
Here are the three biggest costs of car ownership, according to Bureau of Labor Statistics data: Vehicle purchases (net outlay): $5,539 (46% of overall cost) Gas, other fuels, and motor oil ...
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.