Here’s what you need to know about the cost of owning a car, including the average monthly payment, common ownership costs and how to go about saving money while still driving a car you, Ownership costs include insurance, license, registration, taxes, depreciation, and finance charges. Estimates are for new vehicles driven 15,000 miles a year for 5 years. Estimates not available for used vehicles., The average new car costs $47,962, and the average price for used cars is $25,180, according to Kelley Blue Book data for March 2025. That said, prices can range significantly for different vehicle classes, models and years., Understanding how those expenses break down is crucial to budgeting for buying a car. Read on for a look at the average car payment, car insurance costs, vehicle depreciation, and more., According to the latest data from July 2024, the average new car price in the U.S. is $48,401. Prices have generally trended upward but have slightly decreased since the 2022 peak of $49,507. The most significant price jumps were in luxury and full-size SUVs, with some models now exceeding $100,000., Let’s start with the average cost of vehicles in the U.S. According to Kelley Blue Book, in April 2025, the average cost of a new car was $48,699, while used cars averaged $25,547. Your.