Car costs you 3x what you think

July 31, 2015

 

 

Most of us see the gas bill at the pump and annual registration/insurance. That bill is slightly lower at the moment due to low oil prices gradually flowing through the the pump. But the real costs of car ownership are $11,000 per year for a typical mid-size and much more than that if you own a European import or factor in the total cost of cars as a society which includes 4 deaths per hour in the United States alone plus 111 hours we each waste stuck in congestion every year.

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