Tag Archive for running costs

Drivers Underestimate the Annual Cost of Car Ownership by More Than $4,500

Synchrony’s new Cost of Car Ownership survey reveals drivers are paying nearly 167% more per year than expected to keep their current vehicles on the road.[1] This $4,565 discrepancy between estimated and actual costs could place an additional burden on household budgets and weigh on consumer spending in other categories. According to Kelley Blue Book,…