The cost of vehicle ownership is the lowest in six years
Due to gas prices dropping, the annual cost to own and driver a vehicle in the United States has fallen a six-year low of $8,558 according to the AAA’s 2016 Your Driving Costs study. John Nielsen, is AAA’s managing director of Automotive Engineering and Repair…
This year, a driver can expect to spend around 57 cents for each mile driven, approximately $713 per month, to cover the fixed and variable costs associated with owning and operating a car. Nielsen says the annual savings more than offsets moderate increases in maintenance, insurance, finance charges and other costs associated with owning and operating a vehicle.
