Owning a Car in 2021 Costs a Lot More Than You Would Think – MotorBiscuit

Cars are getting more and more expensive as the years go on. According to Kelley Blue Book, the average price for a new car is currently $43,000. And while that stratospheric price tag alone is sobering to many current car buyers nationwide, what’s more surprising is how much it costs to own a car in 2021. It’s likely more than you think.

The cost of cars is increasing, but so is the cost of driving them

Potential customers walk around Charles Hurst Usedirect used car dealership on Boucher Road in Belfast as restrictions in Northern Ireland ease allowing new and used cars sales. | Liam McBurney/PA Images via Getty Images

While it might not cost some buyers over $40,000 to buy a new car, it will still cost most drivers a lot just to own one. Of course, it’s hard to say exactly how much every driver will pay annually to own their car, considering different situations will lead to different results. On average, owning a car in 2021 costs around $10,000, according to a “Driving Cost” study conducted by AAA, the automobile club.

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