The average cost of a new car is rapidly approaching $50,000 – the highest it’s ever been. But the costs continue even after you’ve purchased your new ride.
So our question is this: According to the AAA, what is the average annual cost to own and operate a new car (fuel, maintenance, registration, etc.)?
Ready for the answer?
According to the American Automobile Association, the average annual cost of owning and operating a new car is $12,182.
Want to learn more about how to up your savings game? We’ve got you covered! Click here to explore How to Make the Most of Your Money Script on the Clarity blog.