The Best States to Buy a Car In!

Buy a car

Your choice of where you choose to buy a car from can make a massive difference in how much you pay.

Learn more about the differences in car buying between states, and which state is best to buy a car in.

The Best States to Buy a Car in

If you’re a resident of New Hampshire, you won’t have to pay much in fees when you buy your used vehicle. Many states have cheaper costs than others. If you live in Maine, for example, you have the most affordable auto insurance rates on average, which is a good reason to get a car or a company car.

When looking at which state is best for buying a new or used vehicle, or even leasing, there are many factors to consider. Cars are still how most of us get to work, and many people nowadays even make a living driving or delivering with their vehicle.

When exploring options for purchasing a used car, consider leveraging the expertise of a reputable car accident lawyer in Reno. They can provide valuable insights into legal aspects related to vehicle ownership and potential issues, ensuring a smooth process.

Most young adults’ lives revolve around their car, using it to get to work or class, saving up for maintenance, or even just selecting a new vehicle that suits their personality. Functional transportation is incredibly important for anyone, but it is also a very expensive risk.

Here are several tips and pointers on how to keep the cost down! Note: The costs shown are verified by what your legal residence is listed under, not where you’ve purchased your vehicle.

Regardless of your legal residence, online auctions for cars give you the ability to purchase a car from your home, often at a fraction of the price you’d find from a car dealer. Keep that in mind when shopping for your next used vehicle; auto auctions like SCA make buying a used car fun.

Initial Cost For Your Used Vehicle

Surprisingly, one of the best states to buy a new car would be Florida. The initial cost to purchase a new vehicle in Florida is 10 percent lower than the national average. One contributing factor to the low price is the prominent community of older folks in Florida. The population of well-off elders definitely accounts for a large part of the used car market.

These older citizens aren’t just buying new cars; they’re also selling used ones, although they may not be at the same low price you usually associate with cheap cars. In addition, vehicles in Florida don’t have to deal with damage from winter conditions, like salt or sand on the roads, which better preserves the cost of the car.

Other states where you might find a cheaper car than average would be Indiana (which is 11% lower than the national average), followed by Ohio, Connecticut, Virginia, and Kentucky.

Service Fees and Taxes

Some markets are different from others, and if you’re looking to save and find the best deal available to you, that may entail looking out of your state of residence. For instance, California is one of the worst places to buy a new car, and the taxes alone can shoot up into the thousands.

However, the dealership fees can be shockingly low, usually at $55, although the used car market is much more competitive. In addition, Alaska, Montana, Delaware, Oregon, and New Hampshire have no statewide sales tax. At the same time, you can find some of the lowest car dealer fees in Oregon, New York, Minnesota, and South Dakota.

Best States to Buy a Used Car

If you’re a citizen of Ohio, you’re in luck! With 12 million people, it comes in as the seventh most populated state, which gives you plenty to choose from when looking for a car. Of course, if you’re looking for a specific make or model, you may have to look into another state, but there’s no doubt that there’s a huge market for cars in Ohio.

North Carolina is a great place to look for a vehicle. With a low car sales tax of 3% and low DMV fees, there isn’t as much you have to pay outside of the cost of the vehicle. Missouri and Wisconsin are also known for their reasonable fees, such as car ownership and registration fees.

Texas also ranks among the best states for used car buyers and sees high out-of-state purchases. A useful tip: remember to fill out a bill of sale Texas to state the information about the vehicle, including the license and registration.

The population of well-off elders definitely accounts for a large part of the used car market. There are various ways to advertise sell my car fort myers such as social media, local newspapers and community bulletin boards.

Best State for Auto Insurance: Maine

Insurance rates vary between different states. Even between two people, insurance premiums end up costing different amounts. Each person’s rate is based on a number of factors. The major metrics that make up the cost are the make and model of the vehicle, and the economic conditions when you’re buying your insurance.

After that, insurance agencies will look into your background and your history as a driver to understand how much of a risk you are to insure. Lastly, the state, its population (of drivers), and your local weather all factor into the final cost of insurance.

In Maine, you would pay, on average, around $864 a year for car insurance coverage. This is a few hundred dollars cheaper than the national average of $1,318 annually. New Hampshire closely follows Maine at $870 per year. Here’s a list of some of the other runners-up:

–        Ohio: 885/yr average

–        Virginia: $991/yr average

–        Wisconsin:998/yr average

–        Idaho: $1,010/yr average

–        North Carolina: $1,018/yr average

–        Vermont: $1,063/yr average

–        Indiana: $1,068/yr average

–        Iowa: $1,071

Best Overall State to Buy Your Vehicle: New Hampshire

Buying a car in New Hampshire means you are exempt from sales taxes! There are also very few fees or taxes associated when purchasing a used vehicle, and registration fees are at most $18 per thousand of the total sales price.

New Hampshire has the lowest average annual vehicle ownership costs, especially since maintenance and repair costs are inexpensive. With insurance premiums at an average of $870 a year, New Hampshire residents are forefronting a low-maintenance car lifestyle.

Whenever you’re looking at buying a used car, a number of factors contribute to the actual cost of the vehicle. Some states make it easier to find a car cheap, but there’s no doubt that the cost of the car is typically the biggest part of the price tag. One way to get that number down is by looking for vehicles at auto auctions.

SCA Auto Auction is a popular site for buying and selling vehicles. With online auctions every day, 300,000+ vehicles, and more than 160 auctions weekly, you’re sure to find something to bid on at SCA.

Other sites for buying and selling used vehicles include Carriage Trade Public Auto Auction, Norwalk Auto Auction, and ADESA Auto Auction. Carriage Trade is regarded as one of America’s largest public auto auctions. Norwalk has over 40 years of experience in auto remarketing. ADESA owns over 75 auction sites within North America, and has even expanded overseas to the UK in 2016. 

Buy a car article and permission to publish here provided by Lily Moore. Originally written for Supply Chain Game Changer and published on August 13, 2022.