Transportation costs vary considerably depending on the chosen mode of travel (personal vehicle, public transportation, taxi etc.) but since roughly 65% of Canadians are registered drivers and would likely be inclined to use their own vehicle to transport their groceries, consider the true cost of commuting to and from the supermarket. It’s not just the cost of fuel that has to be calculated.According to the Canadian Automobile Association, 4 in 5 Canadians under-estimate the cost of owning and operating a vehicle. In fact, 6 in 10 under-estimated the cost by $4,000 or more. As well, two-thirds of Canadians think their annual grocery bill is bigger than their car ownership costs, which is not true. Yearly ownership costs for an average compact car are about $9,500, while the average Canadian spends $5,400 on groceries a year (figure provided by Statistics Canada).“A vehicle is the second-largest expense most people have, but a lot of us are not taking into account all the expenses associated with car ownership,” says CAA Vice President Jeff Walker. A lot of the discrepancy between actual costs and Canadians’ best guesses comes from not including depreciation when thinking about the cost of vehicle ownership. Canadians ranked depreciation in the bottom three when asked to list vehicle expenses in order of cost. In fact, it is one of the largest costs of ownership. In 2014, the Bank of Montreal released it’s first annual auto report which stated that vehicle expenses account for the third-largest household monthly expense for Canadians after housing and food with Canadians spending an average $437.48 per month, or $5,250 a year, on vehicle costs, including payments, insurance, gas and maintenance.To get a reasonably accurate idea of your own vehicle costs (and more importantly - what you can save), there are a couple of handy Driving Cost Calculators available online. Click the buttons below to access either of these convenient tools.