AAA Study Says Depreciation Accounts For 40% Of New Car Costs

Local News

A new study from AAA reveals that the largest expense associated with purchasing a new car is something many drivers fail to consider – depreciation.

In fact, it accounts for almost 40 percent of the cost of owning a new vehicle – more than $3,000 per year.

Depreciation is influenced by a number of factors, including shifting consumer preferences.

AAA reminds car buyers to think about both market trends and length of ownership when shopping for their next vehicle purchase.

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