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Vehicles with the Lowest Ownership Costs

February 9, 2012

Most car shoppers focus too heavily on the price of a vehicle, and don't take into account the total ownership costs.

Depreciation cost is actually the largest expense when it comes to buying a new car. When you sell a vehicle later down the road, that loss in value is the depreciation cost. Some cars that are priced higher may hold their value better, costing you less over the long term when compared to a lower priced model.

Other costs such as fuel expenses, maintenance, repair, financing, and insurance also have a significant impact on your overall costs.

This week, Kelly Blue Book revealed their 2012 Total Cost of Ownership Award winners. The awards honor current vehicles with the lowest projected ownership costs in their class for the initial five-year ownership period.

It's really important to consider these overall costs when shopping for a vehicle. Take a look at the winners and make sure they're on your consideration list.

Use the free CarWoo tool to see the best deals in your area.

Nissan Versa

Nissan JUKE

Kia Soul

Hyundai Santa Fe

Hyundai Sonata

Lexus RX 350

Chevrolet Impala

Jeep Wrangler

Volvo C30

Ford Expedition

Audi A5

Audi Q7

Lexus LS 460

Ford Escape

Mazda MX-5 Miata

Toyota Tacoma Regular Cab

Lexus IS F

Chevrolet Silverado 1500 Regular Cab

Honda Insight

Mazda MAZDA5

Chevrolet Volt


My Recommendation for Car Shoppers

TrueCar No-Haggle, Edmunds Price Promise, 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.

California Residents - Important:

There is a new online car buying service called Roadster, available only to California residents, which I highly recommend you try - especially if you hate the stress of haggling with a car salesman. They provide an expert concierge who negotiates the price of the car and delivers it to your home with zero hassle - you never have to interact with a dealership. Here is my in-depth review of Roadster and why I recommend it.

- Gregg Fidan

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.

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