Cheapest City To Buy A New Car
So honestly speaking, car buying can be an expensive exercise. This is why buying a car from another state is becoming more and more popular among American car shoppers. Find the cheapest place to buy a car online. This BLOG also has a number of relevant articles.
cheapest city to buy a new car
With this in mind, you may not live in the cheapest place to buy a car in the world, but there are certain states that are less expensive than others. It could save you to look for an out of state deal, but remember to budget for any added registration fees and shipping costs. To know what you will be paying for car shipping before you have even booked, use this free car shipping calculator.
New Hampshire is the overall winner in the cheapest state to buy a car race because of the state's super low registration fees, and no sales tax. Florida slides into second place with a diverse inventory, and car prices that are 10% below the national average. It also happens to be on the highest end of the scale when it comes to vehicle registration, and title fees.
The average monthly payment for each city was calculated using the average interest rate of a prime borrower (5.38 percent) and a 60-month term. Income statistics were retrieved from the U.S. Department of Justice. And average used car prices by city are from a study of sales conducted in 2021 by iSeeCars. While the exact amount you pay will be up to negotiation, you will at least have an edge when it comes to what to expect on the car lot.
Some states have no sales tax at all. Among those are New Hampshire, Alaska, Montana, Oregon, and Delaware. It might seem that a single-digit tax on car sales is no big deal. However, the low percentage from a purchase worth thousands of USD turns into a considerable amount of money. The best state to buy a car should have, if no tax-free policy, at least a moderate percentage. Colorado is among those states. The Centennial State pretends to be the cheapest state to buy a car, with the lowest tax rate of 2.9%
When choosing the cheapest state to buy a vehicle, pay attention to the initial cost, unexpected fees, sales taxes, and car insurance. The initial cost is lower in states with wealthy residents and less stressful financial situations. Otherwise, expect the maximum possible price. Fees, taxes, and car insurance vary from state to state, but there is a pool of good overall picks: New Hampshire, Oregon, Florida, Ohio, Wisconsin, North Carolina, and Missouri. Based on numbers, the cheapest place to buy a car in the USA is New Hampshire. After you get a car, pay proper attention to the delivery. Enclosed car shipping is good for new cars, while open car shipping is a more affordable option, so it suits used cars best.
The final price of a car includes initial cost, unexpected fees, sales taxes, and car insurance. In this regard, the cheapest state to buy a vehicle is New Hampshire. Not only for new cars but used ones as well.
MissouriMissouri offers some of the cheapest gas prices in the United States (US) and affordable insurance costs. Where Missouri truly shines, however, is in offering car buyers some of the lowest transportation, title, and registration fees in the nation.
Outside of these factors, there are states that are traditionally cheaper to carry auto insurance than others. Below is a list of the cheapest states in the country for auto insurance premiums and their average annual cost.
Take the Nissan Rogue, for example. The cheapest city to buy a Rogue in is San Antonio, Texas; in contrast, the crossover costs more in Fairbanks, Alaska, than anywhere else in the nation, according to iSeeCars. With all other factors being equal, including year, mileage, options, and condition, the Rogue costs 32.4% more in Fairbanks than in San Antonio. Alaska is, of course, quite far from the rest of the country (buyers there sometimes pay a higher destination charge) so the difference isn't surprising, but it's eye-opening nonetheless.
The study also found the cheapest cities to buy a specific car in. If you're in the market for a Honda Civic, browse the classifieds in and around Lincoln, Nebraska; you'll pay 17% less ($4,794) than the national average. If you've got an off-roading itch to scratch, the cheapest examples of the Jeep Wrangler can be found in Springfield, Massachusetts, where they cost 11.4% less ($4,148) than the national average.
iSeeCars.com analyzed over 1.3 million 1-5 year old used cars from the top best-selling models sold between January and April of 2022. The average asking price of each model in each DMA was calculated, and the highest and lowest prices were compared to each other, as well as the nationwide average price. Model/city combinations with low inventory were excluded from the analysis.
The cheapest city to buy a used car might surprise you, as its cost of living is pretty high. However, Miami, Florida comes in as the cheapest city for used cars. Rounding out the top 5 cheapest cities for used cars are Cleveland, Ohio; Akron, Ohio; Stamford, Connecticut; and New York, New York.
Car insurance is required by law in most states. Rates differ based on your location and your vehicle make and model, so insurance is an important factor to consider when purchasing a car. Maine has the cheapest car insurance of any state.
Cargo capacity is a crucial strength; Mirage hatchbacks have an impressive 17.1 cubic feet of room for your belongings with all seats in place. The Mirage also gets excellent gas mileage, returning better fuel economy than the Kia Rio. And this Mitsu has one of the most appealing warranties on the market, with a 10-year/100,000-mile powertrain coverage. That's a longer powertrain warranty than you get with the Mini Cooper or Nissan Versa.
The Hyundai Ioniq 5 has specs similar to the Kia EV6 (Kia and Hyundai are affiliated automakers). That includes a similar choice of standard- or long-range battery packs and either RWD or AWD, though the Ioniq 5 has both slightly lower range estimates and a lower price than the EV6. It, too, can use 350-kW DC fast charging and also includes vehicle-to-load capabilities. For 2023, Hyundai improved the range of AWD Ioniq 5s to 266 from 256 miles, increased the maximum towing capacity for most models to 2,300 pounds from 1,650 and added a battery preconditioning feature.
Joining its Leaf stablemate on the list of cheapest EVs is the new-for-2023 Nissan Ariya. Comparable to the Rogue in size, the all-electric SUV is available with a standard 63-kWh battery pack or an extended-range 87-kWh battery. Single-motor FWD models with the standard battery get a maximum EPA-rated range of 216 miles, while the extended-range battery boosts the maximum range to 304 miles. The Ariya is also available with dual-motor AWD, with an automaker-estimated maximum range of 272 miles for the extended-range battery and 205 for the standard variant. The starting price listed above is for the base Engage trim with FWD, which only offers the smaller battery pack.
Pulling figures from AutoTrader , Cargurus and Carwow to see what deals they could get, they found some people would end up paying more than 7,000 more in the most expensive places than the cheapest.
EPA-estimated 303 mile driving range for 2023 IONIQ 5 SE/SEL/Limited RWD; 266 mile driving range for IONIQ 5 SE/SEL/Limited AWD; and 220 mile driving range for IONIQ 5 SE RWD (Standard Range). All figures are EPA estimates and based on a fully charged battery. For comparison purposes only. Battery capacity decreases with time and use. Actual range will vary based on a number of factors, including vehicle options, driving conditions and habits, vehicle and battery's condition and outside temperature.
EPA-estimated 361 mile driving range for 2023 IONIQ 6 SE Long Range RWD; EPA-estimated 316 mile driving range for IONIQ 6 SE Long Range AWD; EPA-estimated 305 mile driving range for IONIQ 6 SEL RWD and IONIQ 6 Limited RWD; EPA-estimated 270 mile driving range for IONIQ 6 SEL AWD and IONIQ 6 Limited AWD; and EPA-estimated 240 mile driving range for IONIQ 6 SE Standard Range RWD. All figures are EPA estimates and based on a fully charged battery. For comparison purposes only. Battery capacity decreases with time and use. Actual range will vary based on a number of factors, including vehicle options, driving conditions and habits, vehicle and battery's condition, battery temperature and outside temperature. 041b061a72