If you're planning on spending some of your tax refund on a new car or car maintenance, plan to put aside a bit
more. According to a AAA study, the cost of owning and operating a vehicle has increased by nearly 2% in 2013.
The results of AAA's annual Your Driving Costs study show that U.S. motorists are paying an average of 1.96% more
to own and operate a sedan. The study looks at the annual cost of fuel, vehicle repairs, insurance rates, taxes,
license fees, rates of depreciation and average finance charges for a new car driven over five years and 75,000
"Many factors go into the cost calculation of owning and operating a vehicle. This year, changes in maintenance,
fuel and insurance costs resulted in the increase to just over 60 cents a mile," John Nielsen, AAA director of
automotive engineering and repair, said in a statement.
Here's how each category of vehicle fared, based on driving 15,000 miles a year: