Cars are not cheap, even when they’re new, according to the US National Highway Traffic Safety Administration.
The agency published a study Monday which estimated the average cost of a new car would be $23,000 by 2025.
That’s the equivalent of $10,000 per month in 2017.
That means it will take roughly 12 years to get to the same price point as a Nissan Leaf.
Cars are already on a downward spiral, however.
According to the NHTSA, the average annual fuel cost has increased by 9 percent since 2009.
Cars have become more fuel efficient in the last decade, and there is a slight increase in emissions per mile driven.
As a result, NHTS estimates the cost of owning a new vehicle will increase by about $1,000 a year by 2025 and $6,500 a year in 2040.
However, this could be offset by the cost savings gained from replacing older vehicles.
Cars, after all, have an inherent value, meaning a car that lasts longer will be more expensive to maintain and maintain in the future.
According the study, the best investment in the coming years will be in a new battery, or a battery replacement that can be purchased for less than $100.
If you want to invest in a longer-lasting vehicle, there are options like an EV, a hybrid or an electric car.
A Tesla S is available for $70,000.
The EPA’s own estimate of how much it would cost to buy an average-sized family car in 2035 is $40,000, which is slightly more expensive than a new Nissan Leaf S. For comparison, the EPA’s average price for a 2017 Ford Focus is $30,600.