WV makes TOP 5 WORST STATES list to own a car

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CoolBreeze
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WV makes TOP 5 WORST STATES list to own a car

Post by CoolBreeze »

WV makes TOP 5 WORST STATES to own a car
(Forbes)

No. 5: West Virginia

Taxes & Fees: $2,068
Depreciation: $18,185
Finance & Interest: $5,627
Insurance: $13,031
Fuel Costs: $13,799
Maintenance: $3,849
Repairs: $973

Total True Cost to Own: $57,532


1.... Hawaii
2.... California
3.....Alaska
4.....Nevada

In all of America, West Virginia comes-in at number 8 in drunk drivers according to Forbes:

8. West Virginia
2006 estimated population: 1,818,470

Drunken driving-related fatalities per 100,000 people in 2006: 7.09

Ready to invest in a cherry ride? Depending on where you live, you'll be ponying up much more than the sticker price. These states, according to Edmunds.com's latest True Cost to Own (TCO) study, are the worst in which to own a car.

Started in 1994 to consider costs beyond transaction price--such as maintenance and depreciation--the TCO study quantifies the miscellaneous outlays car owners experience over five years. The automotive information site assumed that vehicles were driven an average of 15,000 miles a year; that vehicles were financed, not leased; that buyers paid 10% down; that they are in the "Gold" credit tier; that they have a 60-month loan term; and that buyers represent the average demographic for insurance rates.

http://tinyurl.com/yvs25c
"I know I've got a lot against me: I'm White, I'm Protestant, I'm hard working. Don't you have an Amendment to protect me"? Archie Bunker
AmpedNow
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Post by AmpedNow »

Oh, I don't need to be reminded of what I pay in insurance and gas every month.

Not to mention the "Welcome home" tax I was blindsided with when I moved back. I was heavily penalized for buying my car in VA. How dare I.

Also, when you factor in all of the uphill/downhill/'round curves driving, the wear and tear variable is probably much higher than other places.

Then, there's the road salt in winter.

Crap. I could go on...
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