Hawaii has highest car ownership costs in the USA

by billso on Wednesday, 6 February 2008

From today’s Honolulu Advertiser web site, here’s a bit of interesting news.

According to a study by Edmunds.com, Hawaii has the highest automobile ownership costs in the country. The company’s press release is posted here. Edmunds.com based this study on its True Cost to Own benchmark – an online calculator that provides results for specific models is available here.

The figure of US$59,457 covers five years of car payments, insurance, fuel, maintenance and depreciation.

California car owners paid $110 less.

In today’s print Advertiser, the lead story focused on the mass transit selection process. I’ve changed my thinking over the last year, and now prefer the guided buses instead of rail. The bus routes are much easier to build, and the bus system would be easier to maintain. I’d rather spend my commute time reading than driving.

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  • New vehicle registrations in the state Hawaii dropped 11% in 2007, to 59,861 vehicles. This article also mentions the press release I discussed above.
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