JOURNAL ARTICLE

GET A HANDLE ON THE SOARING COST OF OWNING A CAR.

  • Published In: Kiplinger Personal Finance, 2026, v. 80, n. 1. P. 16 1 of 3

  • Database: Academic Search Ultimate 2 of 3

  • Authored By: GERSTNER, LISA 3 of 3

Abstract

The article focuses on the rising costs associated with car ownership, which have increased by 41% from January 2020 to August 2025, significantly outpacing the 25% rise in overall consumer prices. Key factors contributing to this surge include higher auto insurance premiums and increased repair costs, driven by tariffs on imported car parts and the complexity of modern vehicle technology. To manage these expenses, the article suggests considering total ownership costs when selecting a vehicle, utilizing online tools for cost comparisons, and actively managing ongoing expenses through insurance shopping and routine maintenance. Additionally, it recommends using apps to find the best fuel prices and taking advantage of credit card rewards for gas purchases. [Extracted from the article]

Additional Information

  • Source:Kiplinger Personal Finance. 2026/01, Vol. 80, Issue 1, p16
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2026
  • ISSN:1528-9729
  • Accession Number:189402872
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