More than $400/mo wouldn’t be surprising if the true cost is calculated over a year. Insurance, parts, maintenance, gas, putting the winter tires on, etc, etc, etc.
I own a car and I need one where I live. But I question that owning a car can cost much less than $4800 a year given insurance, maintenance, gas, fees, and other costs. As a purely financial decision, I'd trade for a driver if that were my real cost.