The Rising Costs of Owning a Car

Everything is going up — buying, financing, insurance and maintenance. The average annual cost of ownership, by one estimate, is $12000.

5, 2024) – This year's Your Driving Cost (YDC) study reveals that the total cost to own and operate a new vehicle is $12,297 or $1,024.71 ...

Put together, the AAA estimates the annual cost of owning a new car in 2023 has reached $12,182, up 14% from last year.

The American Automobile Association's (AAA) 2024 Your Driving Cost (YDC) study finds that the total cost to own and operate a new vehicle is ...

In its 2024 Your Driving Costs study, AAA says average ownership costs for a new vehicle driven 15,000 miles annually is $12,297 a year, or ...

The cost of owning a car increased to $12,297 per year, or $1,024.71 monthly, according to the annual Your Driving Cost study from the ...

Bankrate's Hidden Cost of Car Ownership Study shows that Americans spend an average of $6,684 per year in hidden vehicle expenses in addition to ...

Based on the latest figures, the average cost of owning and operating a new vehicle in 2023 has increased significantly, with an annual expense ...

The big picture: Costs are soaring at every turn, from decades-high borrowing costs for car loans to insurance rates that are rising at the ...

An August report from AAA found that the average cost of owning and operating a new vehicle increased “significantly” in 2023, to $12,182 a year ...

The average annual cost of car ownership was $12,182 in 2023. Calculate your costs by considering vehicle type, maintenance and fuel per ...

According to AAA, the average annual cost in the first five years of new-car ownership rose to $12,182 this year, from $10,728 last year, ...

The total annual cost of owning and maintaining a new car climbed to more than $12000 last year, up from about $11000 the previous year.

The total annual cost of owning a new car, including expenses such as gas and insurance, climbed to $12,182 in 2023, up from $10,728 in 2022, ...

The average annual cost of owning a new car reached $12,182 in 2023 · Car insurance prices are up over 20% compared to a year ago · Maintenance ...

Total ownership costs have surged in recent years, even as new car prices have stabilized. A new car driven 15,000 miles a year will have ...

The rising costs around owning a car are leading to a growing number of people falling behind on their car payments, and charities that assist ...

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 ...

The annual cost of owning a car has skyrocketed in the last year to over $12K · The cost of ownership has been rising, but Americans saw a 'sharp ...

The average purchase price for a new vehicle has risen to more than $45K; average auto insurance rates are over $2K per year; in some states, ...