Rising expenses for vehicle owners have reached an annual average of nearly $13,000, driven by a combination of fuel, maintenance, insurance, and financing costs. The total reflects a significant increase from previous years, as drivers face higher prices for repairs, fuel surges, and growing insurance premiums. Experts warn that the burden of ownership continues to climb, squeezing household budgets amid economic pressures. Those considering buying or maintaining a vehicle may need to factor in these escalating costs when planning their finances.
New Vehicle Ownership Costs Hit $12,863 Annually aftermarketnews.com
