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WIBC 9AM-Noon Podcast

The average American pays roughly $12,828 a year to own a car

WIBC 9AM-Noon Podcast

WIBC

News

4.61.2K Ratings

🗓️ 28 July 2025

⏱️ 7 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Pat Sullivan here to remind you to stop putting screens on your gutters.

0:02.1

Better to schedule a free estimate with the local experts at gutter helmet. So you stay off the ladder. Visit gutter helmetindy.com with gutter helmet, you'll never clean your gutters again. gutter helmetindy.com. Okay, we've been pretty candid about this over the years. Casey does all the work. I don't look at anything and then I just sit down and start talking. So it's basically you're just doing the work for yourself.

0:03.0

You're on the Kendall and Casey does all the work. I don't look at anything and then I just sit down and start

0:21.1

talking. So it's basically you're just doing the work for yourself here on the Kendall and Casey's show. Pretty much. I was perusing the template and this article from the Hill is crazy about how much it costs to own a car. Oh yeah. We're going to get to that in a little bit. Or what? You want to talk about that now. Yes, that's why I'm talking about it now. Okay. Like I'm feeling as though the audience

0:20.5

needs to know this. That this is... Oh, yeah, we're going to get to that in a little bit. Or what? You want to talk about that now? That's why I'm talking about it now.

0:38.3

Okay.

0:38.7

Like, I'm feeling as though the audience needs to know this.

0:41.3

That this is a staggering number.

0:43.6

That according to this article at the Hill, which is a respected publication, no idea why they would lie about this.

0:50.3

Americans pay roughly $12,828 a year to own a car or roughly $1,069 per month.

1:00.5

Now, this includes insurance, day-to-day maintenance, and other operations.

1:08.6

I assume that includes gas.

1:09.7

So basically, all in, on average, to drive an automobile,

1:14.7

it's $12,828 a year.

1:16.9

That blew my mind.

1:18.0

There's no way it cost me that much to run that little golf cart that I have.

1:21.5

Yeah.

1:22.5

I think it's really interesting.

1:25.1

Somebody told me that they think part of this is the automakers,

1:28.9

constantly putting out the advertising, making mostly younger men feel like they need to

1:35.4

upgrade their car every single year. Oh, because so people are not, people are always getting

1:39.8

newer cars. Right. Buying new cars. Okay. So they broke it down. 8%'s financing charges, 8% parking, 5% taxes and fees, 38. Okay, big part of it's depreciation. That is part of the equation. 18% fuel, 14% insurance, 12% maintenance and repairs. And that's your total. Okay. So see, I'm not a good person on this because most of our audience knows. I drive a car with that. It's an older car. It's over a decade old. It has no power locks or windows. And it's the size of a golf cart. So I'm really bad person to do this. I've owned this car for many, many years now, had it paid off in full. And I don't, my car could not depreciate 30% every single year. There's nothing left to depreciate it. I mean, I have to put oil in it. It's depreciated all it's going to. I have to put oil in it like every two weeks because it just burns through the oil. That's probably not good either. The boss, Bruce Springsteen and Boren to Run, described it as a death trap, a suicide rap.

...

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