Blog: How Much Does Your Car Cost You In A Year?

Added March 28, 2008 by Melanie G. Rogers

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A few nights ago on National Public Radio there was discussion about neo-liberalism and how when someone is a neo-liberal he or she sees everything in market terms.

Maybe that's the approach Edmunds.com was aiming for when they released annual car ownership costs in conjunction with costs to raise a child. I know, I'm speculating.

Anyway, if you own a 2008 Toyota Camry, Edmunds estimates it will cost you $7,182 per year for five years.

Buy a 2008 Ford F-150 and expect to spend $10,108 annually.

And a 2008 Mercedes E-Class will run you $14,176 per year.

Edmunds' annual car ownership values include account average depreciation, financing, insurance, fuel, maintenance, repairs, taxes and fees.

If you want to see how much it costs to own your car, visit Edmunds.com's True Cost to Own Calculator page www.edmunds.com/apps/cto/CTOintroController.

March 28, 2008.

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