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How much does it really cost to own a car in the US?

19 0
26.07.2025

Driving is probably the most consistent way Americans get from point A to point B across the country.

And while it's well known that buying a car is a significant investment, most of us don't typically factor in the day-to-day or annual costs associated with keeping our cars running and operational. Not to mention the cost of insurance for your vehicle, and for those who live in larger cities, the cost to park your car each and every day.

Adding this all together, the average American pays roughly $12,828 a year to own a car, roughly $1,069 per month, says a new study from Way.

The initial........

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