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Methodology

By Posted : 07/25/2016

Heavy trafficMethodology

We calculated an average vehicle purchase price--basing it on the number of new versus used car purchases in 2015, and the average price of each. The following factors were evaluated to determine car ownership costs over five years, by state:

  • Gasoline – average fuel costs times average miles driven (data from Federal Highway Administration)
  • Insurance – Average auto insurance rates by state (Insurance.com)
  • Maintenance – Engine check and average repair (AAA)
  • Registration – Auto registration fees by state (The Tax Foundation)
  • Sales tax – For purchase of vehicle cost $23,407 (The Tax Foundation)
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