On the other hand, California is the worst state for initial costs. In addition, used vehicles in Florida have frames and underbody components that have been rarely exposed to salt used to melt snow, so they are frequently in excellent condition with low maintenance costs. That's partly because of the aging population selling their gently used vehicles.įlorida's weather conditions are also better for used cars because most have never experienced the harsh effects of snow. In fact, according to Autolist, Florida's initial rates are typically 10% lower than the national average in the US, which means you can save some serious money. means that Florida has better options for used car buyers. People generally drive less as they age, so having one of the older populations in the U.S.
That demographic typically means that more people sell hardly used vehicles in excellent condition. Below are the two main geographical advantages:Īround 20% of Florida residents are over the age of 65. When thinking about the state's geography, it's understandable why Florida is the best state for initial fees. In addition, initial fees there are lower than the country's national average, which means car buyers will save some money on their new purchase.
BOOKPEDIA LOWEST USED PRICE REGISTRATION
Even though its sales tax and registration fees are slightly higher than most other states, the overall savings helps place Florida as one of the best states to buy a car.įlorida competes well as the cheapest state to buy a car just after New Hampshire because it offers the lowest upfront costs for buying a used car across the country. Because of that state's large population, it can provide a broader range of alternatives. The Best State for Initial Fees: Floridaįlorida is the second-overall best state to buy a car. That's excellent news for New Hampshire residents and those from surrounding states such as Vermont, Maine, and Massachusetts who have a property in the state. While New Hampshire doesn't rank as the best across all categories, it's the most affordable state to purchase a car when considering all the factors. Overall, New Hampshire has the lowest average annual vehicle ownership costs, especially since the maintenance and repair costs are inexpensive. The insurance premiums in New Hampshire are low, with an average cost of around $870 per year. The registration fees are low (at most $18 per thousand of the total sales price). There are a low number of additional fees and taxes associated with the purchase of a used vehicle. You are exempt from paying sales tax, which means you save a lot on upfront fees. It is one of two states in the Northeast ranked as one of the best states to buy a car. The overall winner as the cheapest state to buy a car is New Hampshire. The best and cheapest states to buy a new or used car: Other associated fees must be considered, including insurance premiums, maintenance fees, registration fees, and sales tax.Īnd all of them can differ from one state to another. One of the most interesting things about purchasing a car is how the overall cost can change by region or state. There is more to your purchase than just the sticker price when buying a car.
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