Cost of Buying a Car, 10 Best States

There are a number of factors which increase the cost of buying a car. We outlined the various reasons which factor the cost of owning a car.  We also showed you a list of 10 worst states which increase the true cost to own a car. Now, in this list below, we give you the 10 best states to own a car, where the cost of buying a car and maintaining a car are low enough to be happy about considering a car as a needed investment.

The list below is based on car of $30,000 at retail and the cost of buying a car and maintaining a car for a period of 60 months or 5 years.

Cost of buying a car

Cost of Buying a Car

No. 10: Ohio

Taxes & Fees: $2,339
Depreciation: $18,174
Finance & Interest: $5,814
Insurance: $7,019
Fuel Costs: $13,311
Maintenance: $3,663
Repairs: $914

Cost of Buying a Car: $51,234

No. 9: New Mexico

Taxes & Fees: $2,216
Depreciation: $18,229
Finance & Interest: $5,916
Insurance: $6,940
Fuel Costs: $12,765
Maintenance: $4,055
Repairs: $1,036

Cost of Buying a Car: $51,157

No. 8: Georgia

Taxes & Fees: $3,217
Depreciation: $18,037
Finance & Interest: $5,712
Insurance: $6,355
Fuel Costs: $13,202
Maintenance: $3,666
Repairs: $914

Cost of Buying a Car: $51,103

No. 7: Massachusetts

Taxes & Fees: $3,283
Depreciation: $18,208
Finance & Interest: $5,487
Insurance: $6,640
Fuel Costs: $13,240
Maintenance: $3,300
Repairs: $812

Cost of Buying a Car: $50,970

No. 6: North Dakota

Taxes & Fees: $2,009
Depreciation: $18,305
Finance & Interest: $5,854
Insurance: $6,645
Fuel Costs: $13,332
Maintenance: $3,499
Repairs: $871

Cost of Buying a Car: $50,515

No. 5: Wisconsin

Taxes & Fees: $1,994
Depreciation: $18,282
Finance & Interest: $5,614
Insurance: $5,956
Fuel Costs: $13,396
Maintenance: $4,115
Repairs: $1,061

Cost of Buying a Car: $50,417

No. 4: Oregon

Taxes & Fees: $159
Depreciation: $18,316
Finance & Interest: $5,865
Insurance: $7,885
Fuel Costs: $13,280
Maintenance: $3,781
Repairs: $981

Cost of Buying a Car: $50,268

No. 3: South Carolina

Taxes & Fees: $407
Depreciation: $18,037
Finance & Interest: $5,338
Insurance: $8,705
Fuel Costs: $12,719
Maintenance: $3,454
Repairs: $855

Cost of Buying a Car: $49,515

No. 2: South Dakota

Taxes & Fees: $1,757
Depreciation: $18,305
Finance & Interest: $5,929
Insurance: $5,638
Fuel Costs: $13,308
Maintenance: $3,633
Repairs: $914

Cost of Buying a Car: $49,483

No. 1: New Hampshire

Taxes & Fees: $250
Depreciation: $18,305
Finance & Interest: $5,213
Insurance: $6,507
Fuel Costs: $13,216
Maintenance: $3,276
Repairs: $829

Cost of Buying a Car: $47,499

Source: forbes