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Car ownership costs -- including auto insurance -- have increased dramatically in recent years. According to Motley Fool Money research, the average cost of car ownership was $12,078 in 2023.
These costs also vary by state, and car ownership may be a much bigger financial burden in some areas of the country than others. Check Out: 4 Sneaky Car Dealership Scams That Will Be Illegal in 2024
Within the first year of ownership, a new car usually depreciates by 20%. After five years, many cars have lost 60% of their original value. After five years, many cars have lost 60% of their ...
Additional taxes are also added to the car purchase price depending on the market value of the car when it was imported. [26] This has resulted in Singapore being the most expensive place in the world to own a car, [27] [28] and has resulted in car ownership rates dropping to about 33% in 2023, a decrease from 40% in 2013. [29]
State Vehicles Vehicles / person Miles / vehicle Mpg United States 282,366,285: 0.850: 11,121: 24.4 Montana 2,140,014: 1.934: 6,300: 26.7 South Dakota 1,433,044: 1 ...
ZIP code(s) 49028. Area code: 517: FIPS code: 26-10860 [5] GNIS feature ID: 0622022 [6] Website: Official website: Bronson is a city in Branch County in the U.S ...
The township is drained by two tributaries of the St. Joseph River: the Prairie River in the south and Swan Creek in the north.. According to the United States Census Bureau, the township has a total area of 34.7 square miles (90.0 km 2), of which 34.6 square miles (89.7 km 2) is land and 0.12 square miles (0.3 km 2), or 0.36%, is water.
Continue reading → The post Cheapest States for Car Ownership – 2022 Study appeared first on SmartAsset Blog. In fact, in 2020, over 40 million used cars were sold in the U.S. compared to 14.6 ...
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