Compact Cars With the Lowest Ownership 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 |
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