About Real Car Tips
Profile Pic
Find the Best Car Deals Near You ⤵

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






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...


(Absolutely NO SPAM, easy to unsubscribe)
×

About The Author

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.

Latest Weekly Car Buying Tips

September 2022

August 2022

I welcome your car buying questions. Email Me and I'll be glad to answer them!





Your Zip Code:
processing...