Buying a new car could cost you $7,600 a year on top of the sticker price, nearly double a decade ago

Tue, 03/12/2024 - 10:55

The out-of-pocket cost for new cars can be over $7,000 annually.
That's nearly doubled the estimate from a decade earlier, which was $4,191.
Despite the stabilization of new car prices, the total cost of vehicle ownership is still rising.

For those planning to buy a new car, budgeting for more than just the sticker price is getting more important as those costs rise.