How much does it cost to run your car every year? Probably more than you think. According to the CAA, "four out of five Canadians underestimate the cost of owning and operating a vehicle."
That's why the CAA has developed a Driving Costs Calculator - an interactive website that lets you enter your vehicle information and get a picture of what you're spending over the year in fuel, insurance and maintenance. It also provides an estimate of the environmental impact of your vehicle in terms of greenhouse gas emissions.
The Driving Costs Calculator lets you choose a more generic option (Option 1) to price out how much an average vehicle costs. This is handy if you're just thinking of purchasing a vehicle and are wondering if you can carry the costs. If you already have a vehicle, you can choose Option 2, which lets you enter your specific vehicle's parameters to get a more accurate picture of your yearly costs.