It’s easy to figure out how much it will cost to buy a car. It’s even displayed on the vehicle, hence the phrase “sticker price.”
What’s harder is determining how much you’ll spend each year once fuel, auto insurance, maintenance, and other costs are factored in. To help provide answers, the AAA Your Driving Costs study investigates driving-related expenses each year to see which way they’re trending.1
This year, the total annual cost to drive a new vehicle 15,000 miles came out to $12,182, or about $1,000 per month.