Cheapest Country To Buy A Car In The World
Getting insurance, fueling up and paying for repairs all bump up the cost of ownership, but as cost comparisons are so high on the agenda for us here at Scrap Car Comparison, we wanted to find out how these costs differ around the world.
cheapest country to buy a car in the world
To find out where the cheapest and most expensive countries to own a car are, we took the average car costs (for the same car models) and added them to the average cost of car insurance, repairs and current fuel prices to evaluate just how expensive it is to own and run a car around the world.
Number one by a huge margin is Singapore. At nearly $83,500 for the cheapest version of the Tesla Model 3, Singapore consumers are paying more than double what their Macau neighbors to the north are. Singapore might be able to get a better deal on a Vinfast EV, considering the Vietnam manufacturer is closer.
According to data from carinsurance, there is nowhere cheaper to buy a new Range Rover than in the United States, where prices start at $92,154. By comparison, Malaysia is the most expensive country to buy a Range Rover, with a local price of 1,444,862 RM or the equivalent of an eye-watering $356,303. This is because foreign cars in Malaysia are subject to high excise duties that inflate their prices.
The only non-Asian country in the top 10 is Greece, where a Range Rover retails for the equivalent of $183,717. Other expensive countries include Portugal ($166,881), Australia ($166,141), the Netherlands ($165,647), South Korea ($164,671), and New Caledonia ($163,951).
As for the cheapest places to buy a Range Rover, other than the United States, countries in the top 10 include Canada ($92,253), Bahrain ($101,054), Qatar ($111,710), Romania ($111,956), Oman ($114,685), UK ($115,101), Kuwait ($120,882), Morocco ($120,999), and Kazakhstan ($122,898).
Yes, every reader expects the United States to come first, but that is not the case. In the first place is Australia which is considered a country with primarily the lowest prices of used vehicles, then it is considered a country with the best regulation in terms of sale and purchase of these vehicles because at any time you can check the history of the vehicle before to buy it for which you will need to visit one of the sites that offer such information from which if you need you can click here. Many Australians opt for this way of buying a car because it is the cheapest, but above all, it is safe and profitable.
The next country is the one you expected in the first place, and that is the United States. This country is considered a country of opportunity and a country where you can buy and have everything in a simple way, even a vehicle. It is cheap to buy a used vehicle, but also safe. For these reasons, many people living in the United States, but also many young people who come to the Work and travel program, decide to take such a step and buy a used car that they enjoy and use it for their needs.
Next on the list is Denmark which is also considered a country where you can buy a cheap used car. Why is that? Denmark has a very high standard of living, high wages and great savings that the population has. This means that their economy is healthy and allows everyone to buy a new vehicle at shorter intervals, which opens up additional opportunities for those who want to buy a used vehicle so as not to invest in a new vehicle. Precisely because the vehicles are replaced too often, the used car market has a large selection, and with that there are low prices.
The next country that belongs to the group of countries with low prices of used vehicles is Germany. What is the reason for that? This is primarily due to the high standard of living, but also because there are a number of car factories in Germany that offer new vehicles, which is a great option for every resident of this country to buy a new vehicle, but an even better option is for those who want to buy a used vehicle because the offer of such vehicles is huge, and even exports to other countries, especially in the Balkans.
The land of baguettes and beautiful croissants is also on the list of countries suitable for buying cheap used vehicles. France has several of its own car brands such as Citroen, Peugeot, and Renault which offer their nation new vehicles at affordable prices according to the standard, which increases the potential of the used car market in this country which even in certain situations results in Certificate of such vehicles in some of the Balkan countries or in some of the other countries throughout Europe. It is also good to emphasize that these are vehicles that are in excellent condition and relatively new.
It is surprising that one of these countries is Bulgaria, an EU member state, but also a country with a lower standard that comes from the Balkans. Bulgaria is also a great country to buy used cars at a good price, but this is because most of the cars there are imported from Western Europe and were used by a few people before you bought the car. People from neighboring countries often buy from here, but also the Bulgarians themselves. We emphasize once again that in this country there are also a large number of used vehicles that have already been used by several owners before.
In the market for a brand-new, no-frills ride for less than $4,000? No problem--at least, not if you live in China. The country is home to the cheapest car in the world, the very basic Jiangnan Alto, powered by a 0.8-liter, three-cylinder engine and selling for a mere $3,785.32 (25,800 yuan).
If China is a bit far from where you'd planned to purchase a car, not to worry. There is a plethora of cheap cars available around the world, especially in developing countries. The cars aren't particularly flashy but should serve the purpose of easy transportation from Point A to Point B. How do we know? We've seen many of these cars before, it turns out.
The Jiangnan Alto is roughly the same car that's the cheapest in other parts of the world, including India (Maruti 800) and Chile (Suzuki Maruti). All these cars are, "essentially, a 1980s Suzuki Alto," says David DiGirolamo, head of JATO Consult at JATO Dynamics, a U.K.-based research and analysis company that provides a broad range of data on the global auto market.
Not all the cheapest cars in the world are Suzuki Altos, of course, but most of the world's cheapest rides are found in the developing or economically weaker countries in their respective regions. In Asia the cheapest cars are all found in China; in North America, they're in Mexico; in South America the cheapest cars are in Chile; between Australia and New Zealand, the cheapest cars are in the latter; and in Europe the cheapest cars are in Russia.
Behind The Numbers To develop our list of cheapest cars, we divided the world into the five aforementioned regions and used prices for new cars supplied by JATO, which tracks auto data in 43 different countries.
The Japanese-made Daihatsu Sirion hatchback sells for $12,315 (15,990 New Zealand dollars), or about $1,800 more than the cheapest car available in the U.S., the $10,890 Kia Rio. The modern, well-equipped Holden Barina ranks No. 2 at $13,085.70 (16,990 NZD). The car also sells as the Chevrolet Aveo in the U.S. ($11,460), as Holden is a General Motors company.
But the Rio and Aveo aren't the cheapest rides in North America. To find those, car shoppers will have to cross the border into Mexico for the Faw F1, a 1.0-liter hatchback made by China automaker FAW Group, which sells for $7,300.91 (74,900 pesos). While none of Mexico's cheapest cars are Mexican brands, the cars are manufactured there by foreign auto companies, including GM and Ford Motor , which helps keep prices low.
The cheapest cars available in Europe are found in the Russian Federation. The Seaz Oka hatchback, which sells for $6,446.90 (149,900 rubles), is made by the Russian manufacturing plant OAO SeAZ (Serpukhov Motor-car Factory). From there, the prices leap a couple thousand dollars to imports--the Korean-made Daewoo Matiz (No. 4), which sells for $8,257.53 (192,000 rubles), which is also available in Mexico as the Pontiac Matiz.
But the cheapest car in the world has yet to be built. Earlier this year, Tata Motors announced plans to roll out the four-door Nano. Price tag? About $2,500. The car is basically a set of wheels and a steering wheel, enough to get a huge segment of the Indian population into a motor vehicle. The air-conditioned version will likely cost $4,000, auto analysts say.
It's just plain human nature: Every day, buyers across the country drive their shiny new vehicles off dealership lots, and immediately get the sinking feeling that they could have gotten a better deal somewhere else.
But where would that somewhere be? How about Tampa, Atlanta or Washington, D.C.? Those are the best markets in the country for car shopping. A few other cities, such as San Francisco, Dallas and Los Angeles might have done the trick, too, if a trip to the Eastern seaboard were out of the question. These and a few other metropolitan areas boast the greatest discounts off a vehicle's manufacturer's suggested retail price, according to data analyzed from the Autoblog Best Deal Program.
For its study, Zag zeroed in on a range of popular cars, price levels and body styles. To be part of the Best Deals program, more than 3,400 participating dealers across the country are required to provide real-time pricing information to the company.
Car insurance is required by law in most states. Rates differ based on your location and your vehicle make and model, so insurance is an important factor to consider when purchasing a car. Maine has the cheapest car insurance of any state.
Regardless of the sticker price, purchasing a car is a costly endeavor. Average vehicle costs continue to grow across the country, and several states have increasingly expensive costs, such as sales tax and additional vehicle fees. Regardless of how good of a negotiator you think you are, all states can differ on the price, availability, and taxes involved in a vehicle purchase. There are details below for each, but in general, the cheapest states to buy used cars are: 041b061a72