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Ever wonder how much you're really paying to drive your car each year?
$9,369
Excluding loan payments, that's how much a person can expect to pay driving a medium sedan 15,000 miles a year.
In coming up with the estimates below, AAA figures in average fuel, routine maintenance, tires, insurance, license and registration, loan finance charges and depreciation costs. Fuel prices are based on late-2007 national averages.
AAA has been conducting this annual analysis since 1950. That year, driving a car 10,000 miles annually cost 9 cents a mile, and gasoline sold for 27 cents per gallon.
Composite national average cost per-mile for 2008: 54.1 cents
See chart below for a more detailed breakdown by miles driven and vehicle type.
With Your Driving Costs, AAA provides tools and advice motorists can use to estimate their operating and ownership costs to get a better understanding of the total impact of their vehicles. The annual guide includes a worksheet for figuring your own costs.
For more information on Your Driving Costs, contact your local AAA Club.
How Much Does It Cost to Drive? |
|
2007 Vehicle |
10,000 Miles/Year |
15,000 Miles/Year |
20,000 Miles/Year |
|
Small Sedan* |
55.1 cents |
42.1 cents |
35.7 cents |
|
Medium Sedan* |
71.9 cents |
55.2 cents |
46.9 cents |
|
Large Sedan* |
85.8 cents |
65.1 cents |
54.8 cents |
|
4WD Sport Utility Vehicle* |
91.0 cents |
69.7 cents |
59.1 cents |
|
Minivan* |
74.9 cents |
57.6 cents |
49.1 cents |
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Fuel costs based on the late-2007 average price of $2.941 per gallon
*Small Sedan - Chevrolet Cobalt, Ford Focus, Honda Civic, Nissan Sentra and Toyota Corolla.
*Medium Sedan - Chevrolet Impala, Ford Fusion, Honda Accord, Nissan Altima and Toyota Camry.
*Large Sedan - Buick Lucerne, Chrylser 300, Ford Five Hundred, Nissan Maxima and Toyota Avalon.
*4WD Sport Utility Vehicle - Chevrolet TrailBlazer, Ford Explorer, Jeep Grand Cherokee, Nissan Pathfinder and Toyota 4Runner.
*Minivans - Chevrolet Uplander, Dodge Grand Caravan, Kia Sedona, Honda Odyssey and Toyota Sienna.
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