However, the national average gas price was $3.189 per gallon over the last year.
The higher the rating, the less you spend on fuel.īecause gas prices can fluctuate daily, and from one location to another, estimating the cost of gas can be tough. Your car's fuel economy rating impacts how much you spend on gas. There are several other costs to factor in, including: Gas However, that's nowhere near the total cost of owning a car. Looking to buy a new car? Easily compare average monthly payments from auto lenders below.Įxpenses to Include in the Cost of Owning a CarĪccording to Experian, the average monthly payment for a new car in Q1 of 2022 was $648 per month. Note: The above car cost calculator uses estimates based on data from Experian, AAA, GasBuddy, and the National Conference of State Legislatures. Monthly registration, fees, taxes, and miscellaneous Source Interlink is one of the largest publishers of magazines and online content for enthusiast audiences and a leading distributor of home entertainment products, including DVDs, music CDs, magazines, games, books and related items.Monthly average gas cost for 15,000 miles per year (NASDAQ: SORC), a media and marketing services company. Source Interlink Media, LLC is a subsidiary of Source Interlink Companies, Inc. The site also connects buyers to the buying alternatives of their choice, including vehicle manufacturers and an online car buying guide. Through the web site, consumers get the help they need to research, compare, configure and price vehicles. Founded in 1986, is committed to empowering consumers to make better purchase decisions by providing independent and essential automotive information and tools. , part of Source Interlink Media, LLC, is the market leader in automotive ownership cost and value analysis. About, Source Interlink Media, and Source Interlink Companies, Inc. For its 2008 rankings, made minor changes to its methodology, including accounting for the fact that almost all automakers now offer Certified Pre-Owned extended warranties. Some significant considerations cited by consumers when shopping for a Certified Pre-Owned vehicle are the auto warranties and inspections offered by the manufacturers. The criteria also account for program/dealer compliance and brand value. Programs are rated on a set of criteria that consumers list as having the most value, such as extended manufacturer warranties, title verification, certification inspection process and roadside assistance in addition to special financing and return exchange policies. The following breaks out the top vehicles in each category and the three most important sub-categories: Non-Luxury Cars * Overall: VW and MINI (statistical tie) * Warranty: MINI Methodology started its Certified Pre-Owned awards program ten years ago to address the considerable growth of the CPO offering and consumer demand for all-inclusive analysis. 's Best Certified Pre-Owned Awards are displayed in the Luxury and Non-Luxury classes. Certified Pre-Owned Vehicles (CPOs) are cars, trucks and sport utility vehicles that have come off lease or have been resold to dealers, and have been carefully inspected prior to sale. 2009 Certified Pre-Owned Winners examines and analyzes 32 manufacturer programs. "There's also good news for American automakers here, as Ford and GM scored tops on Brand Value for Luxury and Non-Luxury vehicles, respectively." While new vehicle sales are presenting steep declines, Bell said that 2008 CPO sales have in fact made slight gains, in terms of both month to month and year to year growth. "Many automakers score high on CPO rankings, so those that come out on top are to be commended for beating stiff competition," said Bell. With depreciation rates running higher on many new cars, CPO is a great way for buyers to get a great car without taking a big hit when they drive it off the lot." Volvo and Volkswagen are repeat winners from the previous year, but Bell noted that the fight for CPO superiority is tighter than ever, as 2008 marked the first mathematical tie in the Non-Luxury cars category (VW and MINI). Even in this difficult economy, people will still need a new car now and then, and certified used cars are even more attractive to buyers who are looking for value.
"During that time, we have seen every automaker launch a CPO program, and many of them have built their programs with our inspection and ranking criteria as a guidepost. "2008 marks the 10th year that has issued the industry's only report card for Certified Pre-Owned vehicles," said James Bell, editor of.
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