This Is How Much It Costs per Year to Own and Drive New Cars and Trucks, AAA Says
According to a study by the American Automobile Association, the cheapest cars to own and drive are among the ones Americans least want: small sedans. That makes sense with most consumer goods in terms of supply and demand, but with cars and trucks it’s a bit more nuanced, as the AAA study shows. The nonprofit looked at how much it costs to own and drive a car in the United States on an annual basis in 2017, and put the average damage to drivers’ budgets at $8469 a year, or about $706 a month. AAA took into account fuel, basic maintenance, insurance, depreciation, financing costs, and state fees and taxes and applied them to midrange models of the five top-selling vehicles in nine categories for the 2017 model year.
AAA broke out average annual ownership costs for sedans, SUVs, minivans, and?new for 2017 in the group’s 67-year-old Your Driving Costs study?small SUVs, pickup trucks, hybrids, and electric vehicles:
As the chart makes it clear, pickup trucks are the most costly vehicles to own and drive. Much of this is due to their penchant for guzzling gas, with AAA putting average fuel costs for a four-wheel-drive half-ton crew-cab pickup at 13.9 cents per mile compared to 7.2 cents for small sedans, for example. Across all vehicles, AAA put average annual costs for maintenance at $1186 per year, and for fuel at about $1500.
The largest outlay for owners of all types of vehicles is neither fuel nor maintenance, but rather something new-vehicle owne...
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