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Friday, May 7, 2010

It Costs $$$$ to Drive

Perhaps you're not concerned about global warming or the impacts driving a motor vehicle has on the environment.  Maybe you're seldom faced with traffic congestion when you drive.  Then consider the financial costs of driving.

The American Automobile Association (AAA) released its 2010 edition of Your Driving Costs: How Much Are You Really Paying to Drive?  If you drive a small sedan like a Toyota Corolla and average 20,000 miles per year, AAA estimates your annual driving costs to be $7321.  If your wheels are a Honda Accord or similar midsize car, your costs increase to $9519 annually.

Are you a soccer mom with a Toyota Sienna minivan?  You'd better budget $10,476 for the privilege of driving your vehicle.  Drive a Ford Explorer?  AAA says you're paying $12,410 to drive your SUV.  Costs for all vehicles were calculated with gas at $2.603 per gallon.


I think I'll keep pedaling my bike.

3 comments:

  1. What are the figures if you drive a more reasonable 10,000 miles?

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  2. If you drive 10,000 miles annually, costs range from $5636 for small cars to $9694 for SUVs. My original post includes a link to the document.

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  3. We won't go into people who spend that much on their bicycles...

    ReplyDelete