Compact Cars With the Lowest Ownership Costs
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.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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