10 States With the Cheapest Annual Car Costs

It’s no secret -- car ownership in America isn’t exactly cheap, especially when it comes to new cars. Aside from the national average cost of one year of auto financing payment (around $9,228) and the average 20% down payment on MSRP ($9,745), owning a car or just a year can be rather pricey. Car owners have to contend with state sales taxes in specific and tax costs in general, car insurance premiums, the cost of gas per gallon and yearly repair costs.

January 21, 2025 · 1 min · 110 words · Taylor Stein

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Those costs, however, can vary from state to state.

Check out whichstates are the easiest and most affordable to own a car.

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