If you bought a car in Alaska or Hawaii you’d probably expect it to cost more than if you bought it in, say, Michigan or Ohio, because of the extra freight costs involved. Gas prices are higher in those distant states, too, so you’d expect the car to cost more in the long run.Ouch.
But why should it cost $9,000 more to own and operate a car in Connecticut than it does in New Hampshire, just 100 or so miles up the road?
The answer is because New Hampshire has no sales tax, and the cost of everything from insurance to fuel and maintenance is lower there. So a $29,000 car will end up costing $49,890 over five years if you live in Connecticut, but only $40,602, if you reside in New Hampshire.
Saturday, July 16, 2011
The Best And Worst States To Own A Car
The Forbes reports: