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9 of the most expensive cars to own

Porsche

BMW 7 Series cars cost $103,688 over five years of ownership
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The average vehicle costs its owner $8,849 per year, according to an annual study by the Automobile Association of America.

That factors in all the costs associated with owning a vehicle, including maintenance and repairs, insurance, and fuel costs.

Seeking out a car that's cheap to own can save you thousands of dollars over the entire period of ownership. Your yearly vehicle ownership costs may be significantly lower if you drive a fuel-efficient sedan, for example. And if keeping expenses down is a priority for you, you're probably going to want to avoid the cars on this list.

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When considering buying a new car, you need to look beyond the sticker price and consider the true cost of ownership, weighing in all the likely expenses you'll incur each year.

Here are nine of the most expensive cars to own including one record-breaking vehicle according to experts at JD Power.

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SEE ALSO: 7 of the least expensive cars to own

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