A vehicle is a necessity for most Canadians, but it’s a costly one, coming in only behind housing and groceries as the third largest household expense, according to a new financial comparison report.
Canadians pay an average of $1,387 each month for their vehicles, accounting for roughly 15 percent of household expenses, updated numbers by consumer comparison website Ratehub show. The cost breakdown includes insurance, gasoline, depreciation, and maintenance.
