Whether you're shopping at the grocery story or on a car lot, everything seems to be getting more expensive these days. However, when all the factors are considered, that might be more an issue of perception than of fact. The American Public Media radio show Marketplace recently tackled the question whether modern vehicles were actually more expensive once you factored in important variables like inflation and cost of ownership. The result was pretty surprising.
It's easy to get wrapped up in certain aspects of a new car, like its speed, agility or looks while ignoring more pragmatic things like cost of ownership or residual values. The 2013 AAA Your Driving Costs report, though, indicates that these more mundane aspects of car ownership may be what are leaving us so darn broke each month.
We focus a lot on what new cars are like to drive, but it's difficult on a one-week loan to really get a sense of what a car is like to live with. Sure, we try to recreate that sense with our long-term vehicles, but even after a year, it's impossible to know fully learn about a car, particularly in terms of reliability and cost of repairs. For 2014 model year vehicles, Kelley Blue Book has put together a list of the most affordable vehicles over a five-year period.
It's cheaper to drive a diesel-powered vehicle than a gas-powered vehicle over the course of three to five years, according to a new study commissioned by Robert Bosch LLC – a company that makes plenty of diesel engine parts – using data compiled by The University of Michigan Transportation Research Institute. The savings stem not just from improved fuel efficiency but also overall fuel costs and better retention of value, and take into account the added purchase price of a diesel en
If you think owning a car in the US is expensive, put an eye on this inforgraphic. The team from Prestige Performance Center GB took a look at all the costs associated with owning a car in multiple countries from around the world, and the results are eye-opening.
General Motors has a couple of problems to deal with: a glut of pickups on dealer lots and the inability to claim best-in-class fuel economy for its usually strong-selling Chevrolet Silverado pickup. In light of the situation, GM's marketing message has transmuted into something else: "hey, at least they're cheap to own."
Picking up a used luxury car is a great way to save some coin. Letting the previous owner take the fall on depreciation is a smart move, but it's worth remembering that high-end autos carry with them high-end maintenance and repair costs. Using Edmunds.com data, 24/7 Wall Street has compiled what it says are the 10 most expensive vehicles to own, and the list is populated by some not-so-surprising names. BMW and Mercedes-Benz soak up the lion's share of the offenders, though other manufactures m
We Americans sure do love the freedom of owning our own automobile, but the price of that freedom is climbing. AAA has released its 62nd annual "Your Driving Costs" study, which shows a 1.9-percent year-over-year increase in the cost of auto ownership. That's an average of $8,946 per year per car, with costs including monthly payment, fuel, maintenance and insurance.
The Chevrolet Volt extended-range plug-in costs more than the Nissan Leaf battery-electric vehicle up front, but it's less expensive to own during the first five years of driving. So said Kelley Blue Book in its first-ever Total Cost of Ownership study.
A UK analysis of total ownership costs for the cars of tomorrow found that low-carbon vehicles will make substantial progress in bridging the current cost gap, when compared to traditional gasoline-powered cars, by 2030. The big question is whether – or when – will advanced vehicles be seriously cost-competitive? Might we really have to wait decades?
Any time that we start to see a hint of paradigm shift in the auto industry, it's mandatory that the detractors come out of the woodwork with stories of woe. For example, in the article linked below, we learn that someone can get taken for a $8,000 ride to replace one of Toyota's hybrid transmissions.