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Nothing scares off potential car buyers in the city quite like price–and not just the price of the car.
What do you have to factor in when contemplating a new car purchase if you live in Chicago?
Let’s take a look, using a new Scion tC as an example. Gas prices are not included due to the wild increases we’ve seen at the pump recently.
Car payment: $296 per month with $2,000 down. (List price: $17,390)
Insurance: $134 per month for a single, 25-year-old male; $111 per month for a 25-year-old female. (From State Farm Web site.)
Tags/registration: $78.
City sticker: $75.
Zoned parking sticker: $25.
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TOTAL COST (MONTH/YEAR)
Guys: $444 month / $5,338 year
Gals: $421 month / $5,062 year