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Notes From the Fieldby Martin Weil

April 17, 2013

Annual Costs of Car Ownership, Higher than You Think

Cost of owning and operating a vehicle, 2013:

  • Small sedan: 46.4 cents a mile, $6,967 a year
  • Medium sedan: 61 cents a mile, $9,151 a year
  • Large sedan: 75 cents a mile, $11,248 a year
  • 4WD SUV: 77.3 cents a mile, $11,599 a year
  • Minivan: 65.3 cents a mile, $9,795 a year

Includes gas, maintenance, insurance and depreciation.  Based on driving 15,000 miles a year. SOURCE: AAA

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