Cost to own a car falls to six-year low

Due to falling gas prices, the annual cost to own and operate a vehicle has fallen to a six-year low of $8,558 according to AAA’s 2016 Your Driving Costs study. This year, a driver can expect to spend 57 cents for each mile driven, approximately $713 per month, to cover the fixed and variable costs associated with owning and operating a car.

 

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