Which State is the Cheapest to Buy a Car?
Find the best state in America to purchase a car.
New Hampshire – The Cheapest State to Buy a Car
Are you in the market for a new or used vehicle? Look no further than New Hampshire, the cheapest state in America to purchase a car. According to Autolist, the average cost of a new car in New Hampshire is $26,503, which is $596 less than the national average. Used cars, on the other hand, are priced at an average of $20,160, which is $694 less than the national average.
New Hampshire’s lack of sales tax and other taxes, such as a vehicle inspection fee, make it an attractive option for car buyers. Even insurance premiums are remarkably low (about $870 per year), resulting in long-term savings. It’s no wonder that New Hampshire has become a hub for car shoppers from all over the country.
Florida – A Decent Alternative
If you’re looking for an alternative to New Hampshire, Florida is a good contender for the title of cheapest state to purchase a car. Autolist reports that while the average new car in Florida costs slightly more than the national average, at $27,142, the cost of used cars is much lower. At an average of $19,337, used cars in Florida are a whopping $1,517 less than the national average.
It is important to note that Florida has unexpected fees, such as a title transfer fee, which can amount to over $400. However, the absence of state income tax and relatively low dealer fees make Florida an attractive option for car buyers.
Oregon – Another Alternative
Another contender for the title of the cheapest state to buy a car is Oregon. According to Autolist, new cars in Oregon are priced at an average of $27,268, which is $159 higher than the national average. However, used cars are priced at an average of $20,516, which is $338 less than the national average.
Oregon’s lack of sales tax and relatively low overhead costs make it an attractive state for car buyers. Additionally, the high cost of living in Oregon is offset by the lack of a state sales tax, which can save buyers thousands of dollars on their purchase.
Frequently Asked Questions
Which state has the lowest car registration fees?
According to GoBankingRates, the state with the lowest car registration fees is Montana. At just $217, Montana has the lowest fees in the country.
Which state has the lowest vehicle tax?
According to Autolist, the state with the lowest vehicle tax is Alaska. The state has no state sales tax, and no vehicle sales tax, making it the best state in America to purchase a car tax-free.
Which state has the lowest gas prices?
The state with the lowest average gas prices is Mississippi, according to AAA. The average price for a gallon of gas is just $2.59 in Mississippi, making it the cheapest state in the country for gas.