Study: Ore. cheapest state to own a vehicle

Study: Ore. cheapest state to own a vehicle

Study: Ore. cheapest state to own a vehicle

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by KGW Staff

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kgw.com

Posted on August 22, 2013 at 9:50 AM

Updated Thursday, Aug 22 at 11:59 AM

WASHINGTON, D.C. -- A new study conducted by bankrate.com ranked Oregon as the most affordable state to own a vehicle.

Researchers factored in the cost of gas, insurance, repairs, taxes and fees. They said that Oregon’s lack of a state sales tax and low car insurance rates helped drive costs down.

The study determined that car owners spend an average of $2,200 a year on their vehicles in Oregon.

It also found that Oregon families drive about 16 percent less than other drivers across the nation.

Georgia was ranked as the most expensive place to own a car, according to the bankrate study, followed closely by California.

More:  Car ownership comparisons by state

Bankrate, Inc. is a consumer financial services company based in North Palm Beach, Florida.

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