Synchrony Financial's latest Cost of Car Ownership survey reveals that drivers underestimate annual vehicle expenses by over $4,500, paying nearly 167% more than expected each year. The report highlights insurance as the largest cost, averaging $1,730 annually, followed by maintenance, repairs, and tires. Rising costs are prompting consumers to keep vehicles longer and reconsider new purchases, emphasizing the need for better financial planning and flexible payment solutions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. $Synchrony Financial(SYF-B)$ published the original content used to generate this news brief on February 17, 2026, and is solely responsible for the information contained therein.