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The cost of owning a car is up about 2% over last year, driven largely by higher maintenance costs. Maintenance costs rose as extended warranty policy prices went up due to more people filing claims. Insurance, fuel, depreciation costs also went up; the cost of tires was unchanged at 1 cent per mile.
The estimates of savings for three and five years of ownership vary from a low of $67 in three years to a high of $15,619 in five years, but most of the savings are in the $2,000 to $6,000 range, which also include the extra cost that is usually added to the diesel version of a vehicle.ne article looks at the total lifecycle cost of hybrid vehicles which includes manufacturing and ownership (Lipman, 2006). Many vehicle-related TCO articles focus on electric cars (Vliet, 2011), (Hensley, 2009), (Gao, 2008), (Dickerman, 2010), and (Becker, 2010).