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Lease Expensive Cars to Own for 2011

August 18, 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

3 Steps Every Car Buyer Needs to Take to Save Maximum Money

The key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:

Step 1 Get Prices From My Trusted Network

Select the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).

Select Vehicle to Get Local Pricing

Step 2 Get Prices From TrueCar / CarsDirect

TrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.

Step 3 Complete my Checklist

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

About The Author

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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