One of the exciting things about buying a car is it changes drastically by region. For the overall winner, New Hampshire is one of the best states from the northeast. Here's why:
- A low number of additional fees and taxes associated with used vehicle purchases
- You are exempt from paying sales tax
- The registration fees are cheap (at most $18 per thousand of total sales)
- New Hampshire has low insurance premiums, with an average of $870 per year
- The low average annual cost of vehicle ownership
This is excellent news for New Hampshire residents ready to buy a new car and anyone planning to move or visit the state soon.
According to US News, When you look at the 10 cheapest states for vehicle insurance, it's no surprise to see New Hampshire as one of the most affordable states to buy used cars.
1. $865 in Maine
2. $870 in New Hampshire
3. $886 in Ohio
4. $991 in Virginia
5. $998 in Wisconsin
6. $1,010 in Idaho
7. $1,018 in North Carolina
8. $1,063 in Vermont
9. $1,068 in Indiana
10. $1,071 in Iowa
The total cost is one of the most important factors to consider during the car buying process. Because the price of vehicles varies significantly by state, searching around and understanding the facts will be advantageous to serious buyers. Florida offers the lowest upfront costs for buying used cars across the country. Florida's initial rates are generally relatively cheaper than the national average in the United States, ultimately saving you money on your purchase.
Florida is the second-best overall place to purchase a used vehicle in the United States. Although registration fees and sales tax are slightly more than in other states, the overall savings are higher. Because of their large population, they can provide many alternatives.
When considering geographical advantages, consider that roughly 20% of Floridians are above 65. This will lead to more people selling seldom used vehicles in good condition. We know people typically drive less as they age, and having one of the older populations in the country leads to better options for used buyers.
On another side of geographical benefits for Florida, most of the vehicles sold have seen little snow or none. Because the frames and underbody components are rarely exposed to salt used to melt snow, they are frequently in great shape. That means that even for budget-friendler stalwart cars like Hondas — already widely known for their longevity — good weather can help them stay on the road even longer, really maximizing their your purchase's value.
Oregon is one of the cheapest states to buy used cars because it has the lowest unexpected fees in the country. For instance, Oregon's document processing fee is capped at $150 ($115 if the dealer doesn't use an integrator) with an average of $61 in dealer fees. In comparison, Florida has an average documentation fee of $670 and unexpected fees that can go up to $1,800.
While Oregon may look like something other than an affordable state for buying used cars, consumers can save by considering the numerous fees associated with car buying.