In New Hampshire, owning a car costs around 9,800 U.S. dollars during the first year of vehicle ownership. The cost of ownership was calculated using several factors, such as fuel costs, insurance, registration and title fees, and expenditures for replacement parts and car payments.
Most economical U.S. states to own a car during the first year of ownership as of 2021
(in U.S. dollars)
Data represents the cost for the first year of car ownership.
Data includes the following, according to the source:
Up-front costs: a 10 percent down payment on the average used car in 2021 and registration fees
Loan payment (a 72-month loan with a five percent interest rate)
Insurance costs
Average gas spending
Maintenance and repair costs
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SmartAsset. (February 24, 2022). Most economical U.S. states to own a car during the first year of ownership as of 2021 (in U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/633845/cheapest-us-vehicle-ownership-expenditures-in-states/
SmartAsset. "Most economical U.S. states to own a car during the first year of ownership as of 2021 (in U.S. dollars)." Chart. February 24, 2022. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/633845/cheapest-us-vehicle-ownership-expenditures-in-states/
SmartAsset. (2022). Most economical U.S. states to own a car during the first year of ownership as of 2021 (in U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/633845/cheapest-us-vehicle-ownership-expenditures-in-states/
SmartAsset. "Most Economical U.S. States to Own a Car during The First Year of Ownership as of 2021 (in U.S. Dollars)." Statista, Statista Inc., 24 Feb 2022, https://www.statista.com/statistics/633845/cheapest-us-vehicle-ownership-expenditures-in-states/
SmartAsset, Most economical U.S. states to own a car during the first year of ownership as of 2021 (in U.S. dollars) Statista, https://www.statista.com/statistics/633845/cheapest-us-vehicle-ownership-expenditures-in-states/ (last visited November 21, 2024)
Most economical U.S. states to own a car during the first year of ownership as of 2021 (in U.S. dollars) [Graph], SmartAsset, February 24, 2022. [Online]. Available: https://www.statista.com/statistics/633845/cheapest-us-vehicle-ownership-expenditures-in-states/
