The real cost of owning a car

It’s enough to drive you crazy. Cars almost always are more expensive than we imagine. On average it costs $3,300 to own and operate a compact, gas-powered car—a number that 20 per cent of Canadians underestimate by $1,000 or more.

With hidden dealer costs, the rising price of insurance and gas, the money needed to park in the big city, repairs, and the rest of this depressingly long list on the real cost of owning a car—walking or riding a bike might seem like a more attractive alternative.




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