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Overall, the costs of car ownership have risen compared to last year, according to an annual study by AAA, which says it now costs 2% more to own a sedan than it did last year.



It costs $9,122 a year for the average sedan such as a Toyota Camry or Ford Fusion. That works out to 61 cents a mile, assuming the car is driven 15,000 miles a year.

The costs vary a lot according to the type and size of vehicle, though. It costs about $7,000 a year to own a small car in the United States but about $11,600 to own a four-wheel-drive SUV, according to AAA.

The study factored in costs such as fuel, maintenance, insurance, tires and depreciation.


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Car Ownership Costs Continue To Rise - How Are You Coping With The Costs?

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