Originally Posted by
JoeyBike
AAA estimates owning a car now costs roughly $10,000/Year. I though some here might like to know how much it's costing me just in case you every need or just want one.
To be a bit more specific, that $10,000/year estimate from AAA is based on buying a new medium size 4WD SUV every 5 years and driving it 15,000 miles a year. Note that anyone who trades in a vehicle every 5 years with only 75,000 miles on it for another new similar motor vehicle is taking a tremendous hit on depreciation long before there is any economic reason to do do so. No one who is interested in prioritizing the reduction of their automotive expenses would be so foolish on buying a new vehicle so frequently and probably would consider a smaller less thirsty vehicle.
https://newsroom.aaa.com/wp-content/...chure-Live.pdf