A car is a big purchase. In the U.S., a brand-new small car costs about $9,659 a year to own and operate, including the price of the car, gas, insurance and other expenses. But in some countries, it costs a lot less, depending on the type of car. For example, Russia is the cheapest country to own an SUV and sports cars are cheaper to own in Canada than any other country, according to insurance data.
Looking at the costs of six different classes of cars - city cars, small cars, large family cars, SUVs, luxury cars and sports cars - around the world, Compare the Market, a U.K.-based price comparison site and insurance intermediary, detailed the costs of these types of cars in 24 countries to determine where it costs the least and the most to own and operate a vehicle. The costs include vehicle price, insurance, gas, road taxes, and road service for one year. Based on their data, these are the cheapest countries to own a car in each class, and some of them may surprise you.