If you bought a car in Alaska or Hawaii probably it cost you more than if you bought, say, Michigan or Ohio, due to the involved in additional freight costs would expect. Gas prices are higher in the distant States to, so that you to the car more in the long term costs would expect.
But why should it have more costs $9,000, and operate a car in Connecticut than in New Hampshire, only 100 or so miles on the road?
The answer is because New Hampshire has no sales tax and lower, it is the cost of everything from car insurance to fuel and maintenance. So a $29,000 car will cost $49,890 over five years end if in Connecticut, but only $40,602, life if you are in New Hampshire.
Where you live can make have a big difference in the cost of a vehicle - are a lesson worth remembering the next time for a new car purchase. The price may be different, State-by-State, thanks to regional incentives such as the and target or freight, may vary depending on the distance that the car has to be sent. In addition, more than to take into account only the sticker price or monthly leasing rate must. You must it, finance, maintain and keep the gas tank filled to insure.
Automotive research of site Edmunds enables car shoppers see, notes of where you live, to calculate your average five-year cost of depreciation, financing, fees, taxes, insurance premiums, the big picture with its proprietary "True Cost to Own" fuel will cost formula, maintenance and repairs to a number of new and used vehicles,.
Forbes Edmunds analysts asked a sales-weighted average of State, come with the revealed that New Hampshire, South Dakota, and South Carolina are the best States to own a vehicle, while Hawaii, California and Alaska are the most expensive. Almost $13,000 is the gap between the cheapest State, New Hampshire, and the most expensive, Hawaii.
The two biggest factors tend to control and charges and the cost of the insurance. In Oregon, such as car buyers pay an average of only $129 in fees, but in Arizona, she pays $4.346. is average insurance cheapest in South Dakota ($4,723) and most expensive in Alaska ($11,481). West Virginia and Louisiana, insurance is $11,000 over five years approximately, but you'll pay half, if you live in Georgia or North Dakota.
Maintenance and repair cost can also affect how much your car in the course of time will cost. Prices for service technicians in your state laboratory may vary, for example. And if your State has no sales tax, the State of wear parts are less costs. Maintenance and repair are more in Maryland as in the nearby New Jersey, such as cost an average of $1,350.
You are not likely to travel to New Jersey to your car serviced, to receive, so that they are high-cost-to-own in one of these States, at least the total cost of ownership for different vehicles can compare to your shopping list. Keep in mind that buying a more expensive car, that you probably higher sales taxes and more interest on your car loan, figures that at the end could more cost you mean than you expected.
© 2011 Forbes.com
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