An analysis by the Automobile Association of America (AAA) reveals that the total annual cost of owning and operating a new vehicle this year is $11,577—a $719 drop from $12,297 in 2024. This marks the first decrease since 2019, according to a compilation of AAA data by The Epoch Times.
On a monthly basis, costs have slid from $1,024.74 to $964.78. This includes monthly finance payments, insurance, fuel, and maintenance.
The report points to depreciation, lower finance charges, reduced gas prices, and a shift toward more affordable vehicles as the main reasons for the savings this year.
“It might be tempting to rush to the dealer for a new car when you notice a drop in ownership costs this year,” Greg Brannon, AAA’s director of automotive research, noted in the report. “However, consumers should factor in all the expenses involved before making any commitments.”…