US EditionThe real cost of car ownership in the US
UNITED STATES, JUL 14 – Tariffs on imported vehicles and rising fuel, insurance, and maintenance costs have pushed the average U.S. car ownership expense to $12,297 annually, AAA reports.
- In the U.S., the average annual cost of owning a car has reached $12,297, translating to about $1,025 per month.
- Tariffs imposed on imports, with a 25% tariff on imported vehicles and auto parts this April, Way.com reports.
- Operational costs include shows AAA says, 14.9 cents per mile for gas, and car insurance premiums will surge by 10%.
- Experian reports that the average monthly payment on a new car was $745 in Q1 2025, while leasing cost $595 and used car ownership was $521.
- Recent data show overall costs have risen 39% since May 2019, though ownership inflation was flat in May 2025.
51 Articles
51 Articles
The real cost of car ownership in the US | News Channel 3-12
Volodymyr_Shtun // Shutterstock The real cost of car ownership in the US Owning a car is not a luxury. It’s more of a necessity that helps you get to work, college, or school. Cabs and ridesharing apps are notoriously unreliable. Public transport takes a huge chunk of your workday, and you’ll have to adjust your schedule to theirs. Convenience, however, comes at a price. There is, of course, the cost of the car itself. Then there are recurring e…
The value of car ownership and use in the United States
It is widely accepted that consumers underestimate the full cost of car ownership and that correcting this bias could meaningfully accelerate the adoption of shared mobility. Yet this argument fails to consider how much benefit consumers enjoy from owning their own vehicle. Here we estimate the value of private car ownership and use in four US metro areas—Chicago, Illinois; Dallas, Texas; Seattle, Washington; and Washington DC—using online discr…
The Times of Northwest Indiana
The real cost of car ownership in the US
Way.com reports that car ownership costs in the U.S. average $12,297 annually, factoring in purchase, insurance, fuel, maintenance, and parking.
Coverage Details
Bias Distribution
- 91% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
