Purchasing a car is expensive, and the cost of ownership can vary greatly based on your location. A recent study from Interest.com looked at those geographical differences, examining if a median-income household in a given area could afford a new car. 

Of the 25 largest metro areas in the U.S., Washington, D.C. was the most expensive for drivers. New York City landed in the No. 10 spot, with a maximum monthly payment mark of $441. The Big Apple was just ahead of Philadelphia, which had a maximum payment of $434 per month. 

Some of these figures may seem too high for families. However, because of the cost of ownership in some areas, these are the only deals available for new cars, which makes high-quality used cars a more viable option. These pre-owned vehicles often come at a palatable price, but they still have certain amenities and capabilities that drivers are looking for in an investment. 

"Too many families are spending way too much on new cars and trucks," said Mike Sante, the managing editor of Interest.com. "Just because you can manage the monthly payment doesn't mean you should let a $30,000 or $40,000 ride gobble up such a huge share of your paycheck. You can get a great car for much less and use the savings to invest in yourself. Here's where the money for your retirement or kids' college can come from." 

Anyone searching for a used car that won't exceed a budget should check out the selection at New Jersey State Auto Auction. The lot has hundreds of Carfax-certified vehicles, plus a financing department that can help you decide on a payment plan that is right for your family.