The Least Expensive Cars to Own
Just because a vehicle has a low price doesn't mean it will cost you less than a higher-priced vehicle. Factors such as depreciation, fuel, insurance, maintenance and repair end up costing buyers way more than the actual price of a vehicle.
Over a five-year period, if you can keep your ownership costs below $30,000, you're in the top 5% when it comes to saving money.
Kelley Blue Book just released a list of the most fuel-efficient vehicles that will cost you around $30,000 or less over a five-year period. Note that these are all base models with no additional options included.
|Vehicle||Fuel Economy||Pricing||Cost to Own|
|Make||Model||Trim||City||Comb||Hwy||MSRP||Average Paid||5-Year Cost|
|Hyundai||Accent||GLS Sedan 4D||30||33||40||$13,320||$12,657||$27,743|
|Kia||Soul||Sport Wagon 4D||29||32||36||$14,650||$14,111||$28,131|
|Mazda||MAZDA2||Sport Hatchback 4D||29||32||35||$15,325||$15,153||$28,457|
|Hyundai||Elantra||GLS Sedan 4D||29||33||40||$16,120||$15,519||$29,498|
|Honda||Civic||DX Coupe 2D||28||32||39||$16,375||$15,386||$29,928|
|Mazda||MAZDA3||SV Sedan 4D||27||31||39||$15,995||$14,789||$30,784|
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe 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 NetworkSelect 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).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, 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 ChecklistFollow 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