Thursday, January 20th, 2022

The Hidden Costs of Owning a Car

There’s so much more to owning a car than monthly payments on a loan or lease! Also, consider these costs when it comes to owning a car.

The Hidden Costs of Owning a Car


The amount you spend on fuel will fluctuate along with gas prices and varies by vehicle, location, and how much you drive. Expect to spend $150-300 a month on fuel.


This also varies according to a number of factors. The average cost of auto insurance in the U.S. is $140/month. It’s a good idea to review your insurance policy every year. Let AGCU Insurance help you find an affordable insurance plan for auto, home, motorcycle, life, pet, and more! Plus, AGCU Insurance is for everyone, not just AGCU members!


New cars cost an average of $1 in maintenance for every 10 miles. Older cars can cost an average of $1,000 a year in maintenance costs. This, of course, varies by vehicle and its condition when purchased. Maintenance includes oil changes, tire rotations, brake pad replacements, and more.


Are You Ready?

After you’ve considered all the costs involved with buying a car, we’re here to help! Whether your dream is to cruise the open road, enjoy the lake, or head out on the trails, we offer great rates on loans and refinances for new and used autos, RVs, boats, jet skis, motorcycles, and even ATVs. We look forward to helping you finance your next set of keys!

Car, Boat, RV, Motorcycle & More

Get the car you want at a rate you can afford with AGCU. Our auto loans come equipped with perks to meet your needs.

  • Competitive, low rates
  • Flexible terms
  • Optional GAP Coverage and Extended Warranty
  • Optional Debt Protection Coverage including Credit Life, Disability, and Involuntary Unemployment

Click to view AGCU loan rates.

Have a question or want to get started with an application? Connect with an AGCU Video Banking Representative or apply online today!

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