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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.
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 ...
According to Experian, the average monthly payment for a new car in Q1 of 2022 was $648 per month. However, that's nowhere near the total cost of owning a car. However, that's nowhere near the ...
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]
Car ownership costs -- including auto insurance -- have increased dramatically in recent years. According to Motley Fool Money research, the average cost of car ownership was $12,078 in 2023.
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 ...
Microstates such as San Marino, Andorra and Liechtenstein have high rates of car ownership. Countries and territories listed by the number of road motor vehicles per 1,000 inhabitants are as follows. Population figures are from the United Nations Statistics Division unless otherwise specified. [1]
According to the 2024 Your Driving Costs study from AAA, the average cost of owning a new car is $12,297 per year. ... Auto insurance is one of the biggest costs of car ownership.