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Vehicle Ownership

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New Cars Lose $3,000 Annually From This Single Expense, AAA Says New Cars Lose $3,000 Annually From This Single Expense, AAA Says
New Cars Lose $3,000 Annually From This Single Expense, AAA Says When purchasing a new car, one considers many things: is it reliable? How is the gas mileage? How much does it cost? What will the upkeep be? However, many would-be car buyers are failing to factor in the larges expense associated with purchasing a new ride: depreciation, according to AAA. AAA’s “Your Driving Costs” study found that the largest expense associated with purchasing a new vehicle is depreciation, which accounts for nearly 40 percent of the cost of owning a new car - more than $3,000 a year - and is influenced by a number of factors. “New vehicles offer the latest designs, cutt…

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by Zak Failla