Ownership of a new vehicle now costs drivers an average of nearly $12,900 per year, according to a recent study by AAA, reflecting rising expenses in maintenance, fuel, insurance, and depreciation. The findings highlight how financial burdens have grown for car owners, with depreciation alone accounting for a significant portion of the total. Experts warn that these costs may force some consumers to reconsider long-term vehicle commitments. The study underscores broader economic pressures on transportation spending for households.
New vehicle ownership costs hit $12,863 annually, AAA study shows Rome Sentinel
