Vehicles with the Lowest 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.