The 22 Cheapest New Cars to Own
With the price of gasoline on the rise yet again, buying a new
car today is not just about the price on the window sticker - you need
to consider the true overall cost of ownership before making your final
decision.
To help you figure this out, Forbes
has put together a list of what they consider the 22 cheapest new cars
to own in 2013 - based on the winners of the Kelley Blue
Book Total Cost of Ownership Awards. KBB's list takes into
consideration a number of factors, including depreciation, fuel,
insurance costs, registration fees, and maintenance, to come up with a
realistic figure of what it costs to own a vehicle over 5 years.
Below is the list of the 22 winners in their respective classes, sorted
by lowest 5-year ownership costs. As always, I recommend you use the
free to get the biggest discounts on any of
these vehicles.
Vehicle | Segment | Base MSRP | 5 Year Cost | Cost Per Mile |
---|---|---|---|---|
Scion iQ | Subcompact Car | $16,250 | $27,011 | $0.36 |
Hyundai Veloster | Compact Car | $18,395 | $30,581 | $0.41 |
Honda Insight | Hybrid/Alternative Energy Car | $19,390 | $30,871 | $0.41 |
Jeep Patriot | Compact SUV/Crossover | $16,990 | $31,863 | $0.42 |
Hyundai Veloster Turbo | Sport Compact Car | $22,895 | $34,925 | $0.47 |
Hyundai Sonata | Midsize Car | $21,790 | $36,027 | $0.48 |
Chevrolet Volt | Electric Vehicle | $39,995 | $37,052 | $0.49 |
Mazda Mazda5 | Minivan | $20,735 | $38,193 | $0.51 |
Mitsubishi Outlander | Mid-Size SUV/Crossover | $23,520 | $38,786 | $0.52 |
Ford Mustang | Sports Car | $22,995 | $39,447 | $0.53 |
Buick Verano | Entry-Level Luxury Car | $23,975 | $40,137 | $0.54 |
Ford Explorer | Full-Size SUV/Crossover | $29,995 | $45,689 | $0.61 |
Chevrolet Silverado 1500 Regular Cab | Full-Size Pickup Truck | $24,585 | $46,062 | $0.61 |
Chevrolet Impala | Full-Size Car | $26,685 | $46,628 | $0.62 |
Acura RDX | Luxury Compact SUV/Crossover | $35,215 | $47,442 | $0.63 |
Toyota Highlander Hybrid | Hybrid SUV/Crossover | $41,015 | $48,676 | $0.65 |
Ford Mustang GT | High-Performance Sports Car | $31,545 | $49,592 | $0.66 |
Lincoln MKX | Luxury Mid-Size SUV/Crossover | $40,420 | $50,598 | $0.67 |
Lincoln MKT | Luxury Full-Size SUV/Crossover | $46,160 | $56,776 | $0.76 |
Lexus GS 350 | Luxury Car | $48,125 | $57,245 | $0.76 |
Porsche Panamera | High-End Luxury Car | $76,825 | $83,969 | $1.12 |
Toyota Tacoma Double Cab | Mid-Size Pickup Truck | $23,370 | N/A | N/A |
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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
About The Author
![Gregg Fidan](/assets/images/gregg/profile-pic.png)
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