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Annual Cost to Own, Drive a New Vehicle Inches Closer to $10,000

Annual Cost to Own, Drive a New Vehicle Inches Closer to $10,000

Calculating out the exact dollar amount someone pays for transportation each year can be futile. Each person has their own situation, and some people pay more for track tires each year than others pay for 12 months of bus tickets. Still, there's something to be learned from general trends—like the fact that the overall average cost to own and operate a new car in 2021 was $9666.