The cost of owning a new vehicle has surged past $1,000 per month, according to a new report from AAA, reflecting rising expenses that extend beyond the sticker price. Factors including higher interest rates, increased vehicle prices, and ongoing maintenance costs contribute to the growing financial burden for drivers. The report highlights how these expenses have reshaped the economics of car ownership, making it a significant monthly commitment for many consumers. For those considering a new vehicle, the findings underscore the need to factor in long-term costs beyond the initial purchase.
Average cost to own a new vehicle rises above $1,000 per month, AAA report says WGRZ
