Infographic Provided by Navy Federal
Are you or a family member in the market for a used or new car? While buying a car can be exciting, not considering the cost of ownership can be costly.
For instance, one of the biggest factors you should check when choosing a car is the fuel efficiency. If you don’t think that fuel efficiency matters, think again! The difference between a car that gets 20 MPG and a car that gets 30 MPG can be nearly $1,000 per year. And if you are planning on have that car for at least four or five years, that’s an extra $4,000 or $5,000 thrown away – solely on gas.
While the cost of keeping and maintaining a car varies state by state, the average cost of a car ownership per year is as follows:
Do you think your state is one of the priciest or cheapest when it comes to car maintenance?
Most expensive state for repair costs: New Jersey
Least expensive state for gas prices: South Carolina
Most expensive state for car insurance: Louisiana
Least expensive state for car insurance: Iowa
Take a look at this infographic for more information on how you can reduce your automobile costs.