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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.
At the close of 2024, the average annual cost of owning a new car was $12,297, or about $1,025 per month, according to AAA. When you factor in fuel, insurance, maintenance and depreciation, it’s ...
The cost to buy a new car goes beyond the sticker, experts said. ... According to Edmunds.com, the average transaction price from January through November 2024 was $47,465, a 0.8% decrease ...
The Edmunds.com website includes prices for new and used vehicles, dealer and inventory listings, a database of national and regional incentives and rebates, vehicle test drive reviews, and tips and advice on all aspects of car purchases and ownership. Edmunds.com provides data through its "True Market Value" pricing tools, which launched in ...
However, that's nowhere near the total cost of owning a car. There are several other costs to factor in, including: Gas. ... There are lots of ways to reduce car ownership costs, regardless of ...
The Edmunds Inc. True Cost to Own calculations use the following assumptions: -You will drive 15,000 miles per year-You are financing the vehicle using traditional financing, not lease financing ...
The IRS considers that the average US automobile has a total cost of US$0.58/mile, around €0.32/km. [11] According to the American Automobile Association, the average driver of the average sedan spends totally approximately US$8,700 per year, or US$720 per month, to own and operate their vehicle. [2]
Alaska. Total costs for one year of ownership: $23,518. Annual gas: $2,482. Average insurance: $1,676. You won’t pay any sales tax on the purchase of your new car in Alaska, which helps lower ...
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