How much does having a car really cost?
It's hard to believe that your driving costs outweight your annual grocery bill.
But according to a new report by the Canadian Automobile Association (CAA) -- it's true.
In fact, the study found that the annual ownership costs for a compact vehicle are about $9.500 while the average Canadian spends about $5,400 on their yearly grocery bill. Now that's food for thought.
The study also discovered that four in five Canadians polled underestimate the cost of owning and operating a motor vehicle. And six in 10 underestimated that cost by $4,000 or more.