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Alabama. Total costs for one year of ownership: $24,190. Annual gas: $1,983. Average insurance: $1,860. Despite costs being lower in Alabama than other states, the average cost of car repairs here ...
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.
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.
A study attempted to quantify the costs of cars (i.e. of car-use and related decisions and activity such as production and transport/infrastructure policy) in conventional currency, finding that the total lifetime cost of cars in Germany is between 0.6 and 1.0 million euros with the share of this cost born by society being between 41% (€4674 ...
The trucks' poor condition resulted in annual operating costs of $49,500 per truck per 10 000 km, including $38,900 for spare parts alone. Extrapolated over the following ten years it was expected that keeping the MLVWs for another decade would cost over $1 billion. [ 5 ]
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...
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Levels of ownership have risen significantly since automobiles were pioneered in the 19th century. The United States was the first country in which mass ownership became common and 60% of families owned a car in 1929. By the 21st century in the United States, there was, on average, a vehicle for every person of driving age and more vehicles ...