New cars are expensive, but you already know that.
You might not be thinking about the total cost of ownership, however.
An analysis released in September by AAA puts the average annual cost to own and operate a new vehicle at $12,863, or $1,071.92 per month. That’s higher than last year’s analysis showing $11,577, or $964.78, but AAA cautions that changes in its methodology mean it doesn’t offer a direct comparison. The analysis covers five years and 75,000 miles of ownership.
Still, there’s no doubt costs are high.
Just ask Ray Shefska, who runs a car-buying YouTube channel and website with his son, Zach.
He pointed to new data from...
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