According to the AAA, it costs an average of 52.2 cents/mile to operate a new vehicle, which is about the same it was last year. On average, the association figures you'll be spending $7,823 to drive 15,000 miles. While you may have noticed that gas prices have been a little lower lately, any savings at the pump are offset by higher insurance rates and the increase of financing when buying a new vehicle.
The AAA also breaks it down by vehicle type, so where a small car may cost you $6,219 a year to drive, a large sedan would force $9,373 out of your wallet. A minivan demands $8,639 a year, while the SUV remains the consuming king, gobbling up $9,997 per year. Ownership expenses that fit into the calculation include fuel, maintenance, tires, insurance, license, registration, taxes, depreciation and finance charges. What, no car washes?
[Source: Detroit News]
The AAA also breaks it down by vehicle type, so where a small car may cost you $6,219 a year to drive, a large sedan would force $9,373 out of your wallet. A minivan demands $8,639 a year, while the SUV remains the consuming king, gobbling up $9,997 per year. Ownership expenses that fit into the calculation include fuel, maintenance, tires, insurance, license, registration, taxes, depreciation and finance charges. What, no car washes?
[Source: Detroit News]
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