RealCarTips Logo

Compact Cars With the Lowest Ownership Costs

November 3, 2011

If you only focus on the price of a vehicle, you're overlooking a lot of other costs.

Most car shoppers don't realize that the true cost of a vehicle is much larger than the initial price paid. It includes things such as depreciation, fuel, insurance, repair and maintenance.

Over a five year period, a vehicle's ownership costs will easily outweigh the actual price you paid for it.

Kelly Blue Book, a leading provider of vehicle pricing information, released their rankings of ownership costs for compact cars and SUVs.

The winner in the compact car segment was the Toyota Corolla, with a total 5 year ownership cost of $32,811 - nearly $1,500 less expensive than the runner up.

For the compact SUV segment, the Hyundai Tucson achieved the number one ranking.

5 Year Ownership Costs: Compact Cars

Rank

Model

Five-Year Total Cost of Ownership

1

Toyota Corolla

$32,811

2

Hyundai Elantra

$34,123

3

Chevrolet Cruze

$34,705

4

Honda Civic

$36,344

5

Ford Focus

$36,591

6

Volkswagen Jetta

$36,865



5 Year Ownership Costs: Compact SUVs

Rank

Model

Five-Year Total Cost of Ownership

1

Hyundai Tucson

$38,735

2

Honda CR-V

$40,515

3

Nissan Rogue

$41,050

4

Toyota RAV4

$42,004


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.
- Gregg Fidan

Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
  • Best Rebates, Incentives, and Lease Deals
  • Latest Car Buying Scams and Tricks
  • The Best & Worst Time to Buy a Car
  • Which Cars You Should Avoid
Enter Your Email Below

(Absolutely NO SPAM, easy to unsubscribe)
×

Gregg Fidan

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.

Latest Weekly Car Buying Tips    RSS Feed

November 15, 2018
November 8, 2018
November 1, 2018
October 25, 2018
October 18, 2018
October 11, 2018
October 4, 2018
September 27, 2018
September 20, 2018
September 13, 2018
September 6, 2018
August 30, 2018
August 23, 2018
August 16, 2018
August 9, 2018
August 2, 2018
July 26, 2018
July 19, 2018
July 12, 2018
July 5, 2018
June 28, 2018
June 21, 2018
June 14, 2018
June 7, 2018
I welcome your car buying questions. Email Me and I'll be glad to answer them!