Comment on Buying a New Car? Prepare for Over $10K in Yearly Ownership Costs

Buying a New Car? Prepare for Over $10K in Yearly Ownership Costs

The annual cost of owning and operating a new car ballooned nearly 11% in the past year to $10,728 — or $894 per month — according to AAA’s Your Driving Costs study. That represents a considerable hike from 2021, when it cost an estimated $9,666, or $805 per month, to own a new car.

 

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