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The cost of owning a car is up about 2% over last year, driven largely by higher maintenance costs. Maintenance costs rose as extended warranty policy prices went up due to more people filing claims. Insurance, fuel, depreciation costs also went up; the cost of tires was unchanged at 1 cent per mile.
A new report by the auto club AAA says the average owner of a sedan who drives 15,000 miles a year pays $9,122 a year to own and operate that car. That comes to 60.8 cents per mile, about 2 percent more than last year.hen youâre shelling out $11,599 a year. Smaller cars are averaging $6,967 to own and maintain, the report says. The cost of maintenance, gas, insurance, tires and depreciation went into AAAâs calculations for its annual study, âYour Driving Costs.â.