“A large share of the cost of driving comes from owning a vehicle and includes less visible costs such as the depreciation of the vehicle — it is stunning how much the value of a new car depreciates in only a few years,” said Ralph Buehler, Ph.D., professor and chair of urban affairs and planning, School of Public and International Affairs at Virginia Tech Research Center. “Similarly, for older cars, while cheaper in depreciation, repair costs can be quite pricey and add up over time.”
For Georgians, vehicle cost and maintenance — as well as access to vehicles and maintenance — were the two dimensions that helped propel the state into the No. 6 spot overall. The Peach States No. 8 in each of those categories.