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New Cars That Are Cheap to Own

February 18, 2016

Hyundai and Acura offer some of the best vehicles with the lowest cost of ownership, according to Kelley Blue Book's (KBB) 2016 5-Year Cost to Own Awards.

These annual awards recognize new vehicles with the lowest projected ownership costs during the initial five-year ownership period, including depreciation, expected fuel costs, finance and insurance fees, maintenance and repair costs, and state fees.

Hyundai was named the Brand award winner, while Acura took the crown for Luxury Brand. As for individual vehicles, winners were named in 22 categories including cars, SUVs, trucks and hybrid vehicles. Winners include the Nissan Versa, Chevrolet Spark EV, Ford F-150 Regular Cab, and Jeep Wrangler Unlimited. See below for the full list of winners.

If you're considering adding any of these award-winning vehicles to your garage, I recommend using TrueCar No Haggle and Edmunds Price Promise for the best deals in your local area.

Brand Hyundai
Luxury BrandAcura
Subcompact CarNissan Versa
Compact CarToyota Corolla
Sport Compact CarFord Focus ST
Midsize CarToyota Camry
Fullsize CarChevrolet Impala
Entry-Level Luxury CarBuick Verano
Luxury CarVolvo S80
High-End Luxury CarLexus LS
Sports CarChevrolet Camaro
High-Performance CarFord Mustang GT
Hybrid/Alternative Energy CarToyota Prius c
Plug-In VehicleChevrolet Spark EV
Compact SUV/CrossoverHonda HR-V
Midsize SUV/CrossoverJeep Wrangler Unlimited
Fullsize SUV/CrossoverFord Explorer
Luxury Compact SUV/CrossoverBuick Encore
Luxury Midsize SUV/CrossoverLexus RX
Luxury Fullsize SUV/CrossoverBuick Enclave
Midsize Pickup TruckChevrolet Colorado Extended Cab
Fullsize Pickup TruckFord F-150 Regular Cab
Minivan/VanDodge Grand Caravan
Hybrid SUV/CrossoverToyota Highlander Hybrid

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

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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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