Have you ever considered the annual cost of owning a car? For many people, they only think of the expense of the car but there are many factors that contribute to the price of car ownership. Even if you buy a new car, you still have to consider the cost of maintenance on the vehicle. For example, the oil must be changed every 3000 miles, according to most manufacturers recommendations. There is also the cost of fuel for the car. While gas prices have come down, they presently seem to be going back up. Who knows what they will be in the future? Still when you consider the annual price of car ownership there are many factors that have to be considered.
According to AAA the cost of owning and operating a car for a 12-month period has declined by 2%. Two of the big declines in the price of car ownership is the decrease in fuel costs, down 13% according to AAA. The other is the reduction in finance charges. Finance charges are down 21%. This really makes it a great for car buyers. If you are in the market for a new car or a used car, low finance charges and interest rates make this an excellent time to buy. Both Buick and GMC are offering spring incentives to help with customers in a new car. Check out all our New Car Incentives by clicking the link.
Annual Cost to Own and Operate a Vehicle Falls to $8,698, Finds AAA | AAA NewsRoom In the United States, a driver can expect to spend 58 cents for each mile driven, nearly $725 per month, to cover the fixed and variable costs associated with owning and operating a car in 2015. Compared to last years study, the average cost of regular unleaded fuel fell nearly 13 percent to $2.855 per gallon. This decline, coupled with improvements in vehicle fuel economy, resulted in an average 11.21 cents-per-mile fuel cost.