As much as I love New York, this isn't true, at least for the car. The base payment on the BMW will be the same (call it $600 if you buy) but your insurance wil

As much as I love New York, this isn't true, at least for the car. The base payment on the BMW will be the same (call it $600 if you buy) but your insurance will be higher in urban areas, you may pay as much as $300-400 a month for parking in Manhattan, and gas is probably higher as well. So that car ends up being 20-30% more expensive in NY vs. a rural area, or even vs. say Los Angeles, where a parking space runs about $100 a month. This is why so few people living in Manhattan have cars - the net cost is well over $1,000 a month and you might as well just rent all the time.