Lease Expensive Cars to Own for 2011
Edmunds has announced the 2011 True Cost to Own Awards for 2011, recognizing vehicles with the lowest overall ownership costs in their categories.
This year's list of winners were determined by applying algorithms that estimate the five-year ownership cost of each 2011 vehicle currently on the market.
Ownership costs include things such as depreciation, fuel, repair, maintenance, and insurance costs.
Sedans
Sedan Under $20,000: Ford Fiesta
Sedan $20K-$30K: Honda Accord
Sedan $30K-$40K: Volkswagen CC
Sedan Over $40K: Cadillac CTS
Wagons
Wagon Under $25,000: Kia Rio
Wagon $25K-$35K: Subaru Outback
Wagon Over $35,000: Ford Flex
Coupes
Coupe Under $25,000: Toyota Yaris
Coupe $25K-$35K: Honda Accord
Coupe $35K-$45K: Audi A5
Coupe Over $45,000: Cadillac CTS Coupe
Convertibles
Convertible Under $35,000: MINI Cooper
Convertible $35K-$45K: BMW 1 Series
Convertible Over $45,000: Infiniti G Convertible
Trucks
Compact Truck: Ford Ranger
Large Light Duty Truck: Honda Ridgeline
Large Heavy Duty Truck: Chevrolet Silverado 2500HD
SUVs
SUV Under $25,000: Jeep Patriot
SUV $25K-$35K: Chevrolet Equinox
SUV $35K-$45K: Honda Pilot
SUV Over $45,000: Acura MDX
Minivan/Van
Minivan/Van: Ford Transit Connect
Hybrid
Hybrid: Honda Civic
My Recommendation for Car Shoppers
TrueCar, Edmunds, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.New York Tri-State Residents - Important:
There is a new car leasing service called Carvoy, available to NY tri-state area residents, which I recommend you try - especially if you hate the stress of haggling with car dealerships. Carvoy provides pre-negotiated lease deals, calculated with taxes and all fees incuded so you know exactly what it will cost. Here is my list of Best Carvoy deals, updated each month.- Gregg Fidan
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About: Gregg Fidan
Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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