Cost of running a car hits $8,487 a year - WSFA.com Montgomery Alabama news.

Cost of running a car hits $8,487 a year

Posted by: Mario Hendricks - bio | email

MONTGOMERY, AL (WSFA) – AAA released a study showing that the average cost to own and operate a car has risen 4.8% -- costing drivers an average of $8,487 annually.

Last year, the average was 54 cents per mile, or $8,095 annually. This year that has risen to 56.6 per mile based on $15,000 miles of driving.

Based on driving 15,000 miles yearly

Small
Sedan

Medium Sedan

Large
Sedan

Sedan Average

4WD SUV

Minivan

Cost per mile

43.3 cents

56.2
cents

70.2
cents

56.6
cents

73.9
cents

62.0
cents

Cost per year

$6,496

$8,436

$10,530

$8,487

$11,085

$9,301

 

 

 

 


                                                                                                            Source: AAA

Experts attribute rising fuel costs as a factor in this year's study. Good thing is there is a growing demand for fuel-efficient vehicles. Smaller cars are experiencing less depreciation.

For AAA's 2010 edition or "Your Driving Costs" check out:  www.AAA.com/PublicAffairs.

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