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'What is Cost of Ownership?' Asks One Third of US Drivers While Borrowing to Pay Repairs

According to the American Automobile Association, one third of drivers in the U.S. cannot pay for an unforeseen vehicle repair without going into debt.

AAA says the average trip to the shop will set you back between $500 and $600. So, what does that mean for the 64 million American drivers who can’t afford an unexpected repair bill?

Tyler Wooley Apr 04, 2017

186

Recent Comments

ToolGuy No hybrid? No EV? What year is this? lolI kid -- of course there is an electric version.
Tassos No, this is for sure NOT my favorite Caddy. Very few Caddys with big fins work out as designs.FOr interiors, I much prefer the Caddys and other US luxury cars from the 30s, Packards etc. After the war, they ditched the generous wood veneer (without which no proper luxury car) for either nothing or the worse than nothing fake wood.For exterior, I like many Caddys from the 60s and early 70s, when the fins slowly diminished and finally disappearedEven the current " Art and Science" angular styling is quite good and has lasted a quarter century (from the first CTS). They even look better than most Bangled BMWs and even some Mercs.- from outside only.
ToolGuy Good for them.
ToolGuy "I'm an excellent driver."
Tassos If a friend who does not care about cars asks me what to buy, I tell her (it usually is a she) to get a Toyota or a Lexus. If she likes more sporty cars, a Honda or a MiataIf a friend is a car nut, they usually know what they want and need no help. But if they still ask me, I tell them to get a Merc or AMG, a 911, even an M3 if they can fix it themselves. If they are billionaires, and I Do have a couple of these, a Ferrari or an even more impractical Lambo.

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'What is Cost of Ownership?' Asks One Third of US Drivers While Borrowing to Pay Repairs

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