It now costs an average of $12,182 per year to own and operate a new vehicle — an increase of more than $1,500 since 2022 — according to AAA’s 2023 driving costs study. If that amount sounds steep, it’s because it reflects every cost associated with owning and driving a new car for five years — from financing and insurance to gas and maintenance. The biggest cost of all — by far — is an expense…
Read the full article here
