Once you think about all the prices of proudly owning a car—gross sales tax, fuel costs, insurance coverage, upkeep, and extra—automotive house owners in these states are actually getting taken for a journey.
Reply:
- California: [$28,504]
- Nevada: [$27,357]
- Washington: [$27,016]
Questions:
- What components influence the price of proudly owning a car?
- What are the advantages of proudly owning your automotive? What are the drawbacks?
- Do you personal (or need to personal) a automotive? Why or why not?
Behind the numbers (GOBankingRates):
“To find out the prices of proudly owning a automotive for a yr in each state, GOBankingRates surveyed and totaled the price of shopping for and proudly owning a automotive for one yr in all 50 states. This whole included automotive gross sales tax, common annual automotive insurance coverage premiums, common annual fuel bills and common automotive upkeep and restore prices. These bills had been added to the price to finance a brand new car — based mostly on $48,427 MSRP, 20% down cost of $9,649, an common credit score rating of 716, an rate of interest of 6.88% and a mortgage size of 60 months, which equals $762 monthly or $9,144 per yr.”
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Want extra budgeting actions? Take a look at NGPF’s Budgeting unit web page which is filled with concepts to interact your college students!
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Wish to attend NGPF Skilled Developments and earn Academy Credit by yourself time? Take a look at NGPF On-Demand modules!
About
the Creator
Dave Martin
Dave joins NGPF with 15 years of educating expertise in math and laptop science. After becoming a member of the New York Metropolis Instructing Fellows program and incomes a Grasp’s diploma in Training from Tempo College, his educating profession has taken him to New York, New Jersey and a summer season within the north of Ghana. Dave firmly believes that monetary literacy is important to creating well-rounded college students which can be ready for a posh and extremely aggressive world. Throughout what free time two younger daughters will enable, Dave enjoys video video games, Dungeons & Dragons, cooking, gardening, and taking naps.
