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In the market for a new car? Calculate the full costs

If you’re in the market for a new car over the coming year, there’s a lot more to think about in terms of cost than just the sticker price. If you aren’t figuring in the associated financing costs, taxes, insurance, depreciation, gas and maintenance, you are only getting a partial picture of the true cost to drive a car. According to AAA, the cost of car ownership in 2019 was $9,282 or $773.50 a month. That’s 5% more – or $433 – than the prior year.