The Average American Is Spending Almost $800 A Month On Their Vehicle

The pleasure of owning a brand new vehicle, regardless of its make and model, can’t be compared to anything. We know all you enthusiasts out there know exactly what we are talking about. Unfortunately, with every year this pleasure is getting more and more expensive, despite the fact that more and more people can afford it. According to the AAA research agency, the average new car price is close to $40,000 these days.

But more importantly, the agency’s latest research shows the average American owner is spending approximately $9,282 per year on their vehicle, which equals to $773.50 a month. That’s significantly higher than last year’s $8,849, which only comes to show new car expenses are going up year after year.

GeorgeD - 9/13/2019 11:44:54 AM

+10 Boost

Hmmm... car prices go up every year, but it's wierd, payments don't go down ? how does that work ???? Next they'll point out the sky is still blue.

countguy - 9/13/2019 12:11:43 PM

+1 Boost

This is what happens when people buy what they can't afford.

Moo1 - 9/13/2019 2:37:36 PM

+1 Boost

Stop with that voice of reason

MDarringer - 9/13/2019 6:35:23 PM

+1 Boost

Then factor in the idiocy of 72, 84, and 96 month financing.

Agent009 - 9/13/2019 1:24:43 PM

0 Boost

And I thought $450 for payment, insurance and gas was bad...

Yikes!

jeffgall - 9/13/2019 1:55:34 PM

+5 Boost

Don’t worry. I’m sure the Democratic candidate for President will come up with a plan to waive car debt too.

skytop - 9/13/2019 2:47:14 PM

+1 Boost

But so many main stream cars and trucks are up to or exceeding $80,000.

supermoto - 9/13/2019 3:24:04 PM

+1 Boost

I spend many times that amount each month on going out to dinner.