Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

Most Expensive Cities to Own a Car

August 4, 2005

According to a recent analysis by Runzheimer International, it is more expensive to own and operate a car in Detroit than any other city in the U.S., with annual costs totaling $11,844.The firm, specializing in employee mobility reimbursement, found Philadelphia and Los Angeles following with $10,672 and $10,361 in annual costs, respectively. Expenses factored included ownership and operating costs such as fuel, oil, tires, maintenance, insurance, depreciation, and license and registration fees.Using a 2006 Ford 500 SEL 4-door sedan as a model, the analysis showed driver spending for the same car was approximately $7,400 pre year in Knoxville, Sioux Falls and Grand Forks. That represents a difference of almost $4,500.Insurance rates were a common, high-cost factor for the most expensive cities with Detroit drivers seeing annual rates of nearly $5,162, Philadelphians spending $4,142 on insurance and Los Angelinos rates run $3,225 per year.Testing cars driven 60,000 miles over a four-year period showed maintenance costs ranging from 7.35 cents per mile in San Francisco to 4.69 cents per mile in Bismarck.A listing of annual ownership costs in select cities:Detroit -- $11,844Philadelphia -- $10,672Los Angeles -- $10,361Boston -- $9,660Miami -- $9,216Baltimore -- $9,125Denver -- $8,949Houston -- $8,467Topeka, Kan. -- $8,178Grand Forks, N.D. -- $7,423Sioux Falls. S.D. -- $7,401Knoxville, Tenn. -- $7,399
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