A new analysis by AAA reveals that the annual financial burden of owning a new vehicle has risen significantly, driven by higher purchase prices, increased insurance premiums, and escalating maintenance expenses. The study highlights how these costs now stretch beyond traditional ownership expenses, impacting long-term affordability for drivers. With fuel efficiency and depreciation also factored in, the findings suggest a growing challenge for consumers weighing the value of new car ownership. The report underscores the need for buyers to carefully evaluate total costs beyond the sticker price.
AAA analysis finds annual cost of owning a new vehicle has climbed ROI-NJ
