Cost of vehicle repairs, ownership on the rise

Vehicle ownership costs in the U.S. are rising, with the average repair cost reaching $838, as reported by Kelley Blue Book. According to a study by Bankrate.com, when maintenance is included, hidden ownership costs exceed $6,600 annually. Expensive repairs like engine and transmission replacements prompt experts to suggest purchasing a new car might be more economical than continually repairing an aging vehicle.