For the study, our medium priced vehicle is a 1997 Ford Explorer priced at $24, 400. ... When the car is five years old this amount drops to $492, and when the car is ten years old, the owner pays $297. By far the biggest expense comes in the form of sales taxes, which in Los Angeles is 8.25 percent of the purchased price. ... same Ford Explorer: When the vehicle is Fees: Newly Purchased 5 Years Old 10 Years Old Sales Tax $2, 013 $0 $0 Vehicle License Fee $488 $293 $98 Gasolineanbsp;...
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