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|
My Recommendation for Car ShoppersTrueCar No-Haggle, CarsDirect, and Ryde Shopper are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. 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