Car Ownership is More Expensive Than Ever
By ZeroHedge - Dec 24, 2023, 2:00 PM CST
New and used vehicle prices have risen by 22% and 40% respectively due to pandemic-induced supply chain disruptions.
Insurance, maintenance, and repair costs have also surged, along with increased prices for parts, parking, and tolls.
Gas prices have nearly tripled since 2020, and auto loan financing costs have increased, contributing to the higher overall cost of car ownership.
Thinking of buying a vehicle soon? Rising car ownership costs might cause you to think again.Owning a truck or car has become far more expensive than in the past, even as recen...