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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 and insurance, and you'll see how much you ...
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 ...
Increasingly, however, it’s becoming a financial burden for many, as the average cost of a car purchased new has risen to more than $40K and gas, in some states, costs four dollars a gallon.
The yearly depreciation of a car is the amount its value decreases every year. Normally a car's value is correlated with the price it has on the market, but on average a car has a depreciation around 15–20% per year. [12] [13] Depending on market conditions, cars may depreciate 10–30% the first year. [14]
To find the annual cost of car ownership in every state, GOBankingRates assumed a 20% down payment of $9,480 on the average-priced car, which means $8,316 per year for the average 60-month car loan.
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...
Among the most essential expenses for Americans is that of their car. Without it, they can't get to and from the jobs they need to, well, pay for their car. And even if you're so lucky to live near...
As most car owners are aware, a car's sticker price does not reflect its true cost of ownership. A less expensive car may require costly repairs later. On the other hand, a pricy SUV may also run ...
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