The cost of owning and operating a motor vehicle has fallen over the last year, the first time the research firm IntelliChoice Inc. can say that since it began compiling the data in 1987. Cheaper gas and fewer repairs are cited as reasons for the decline, but the average 1998 vehicle is still expected to cost owners $37,322 over five years.
Driving Cheap
The cost of owning and operating a motor vehicle has fallen over the last year, the first time the research firm IntelliChoice Inc. can say that since it began compiling the data in 1987. Cheaper gas and fewer repairs are cited as reasons for the decline, but the average 1998 vehicle is still expected to cost owners $37,322 over five years.
