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What is the 5 Years Average Cost of Ownership of an SUV?

Before buying your SUV, take rough estimate of know how much it'll cost you yearly.

SUV Repair

SUV Repair

The average cost of ownership (ACO) of an SUV vehicle can vary greatly depending on the make and model of the vehicle.

Generally, the total cost of ownership of an SUV can include the initial purchase price, fuel costs, registration and insurance fees, repairs, and maintenance costs.

Yearly fuel costs Small SUVs chart
Yearly fuel costs Small SUVs – chart

What is the 5 year ACO of the average SUV

Bank of America on the ACO calculation

The 5 years average cost of ownership of an SUV can range from around $10,000 to $50,000, depending on the make, model, and age of the vehicle – according Kelly Blue Book.

The total cost of ownership can also vary depending on the location of the vehicle, the amount of miles driven, and the condition of the vehicle. On average, an SUV owner will spend around $2,000 to $4,000 a year in fuel costs, registration and insurance fees, and maintenance costs.