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Cheapest Cars to Own Right Now

As everyone knows, purchasing a car is just the first of many costs associated owning a vehicle. Along with this comes gas, maintenance, repairs, insurance, and registration fees.

So how can a car buyer on a tight budget figure out what cars available today are not just cheap to buy, but cheap to own overall? MSN Autos recently took up this challenge and came up with what they consider to be the top 10 cheapest cars to own in 2013, calculated over a five year time span.

Topping the list is the 2013 Nissan Versa S with a total five-year ownership cost of $27,405. As always, don't forget to use the free to maximize your savings whenever you buy a new car.

Vehicle5-Year Fuel CostMaintenance & RepairsTotal 5-Year Ownership Cost
Nissan Versa S 4dr$9,017$3,971$27,405
Chevrolet Spark LS 4dr Hatch$7,963$4,202$27,871
Kia Rio 4dr Hatch$8,115$3,276$28,516
Toyota Yaris 2dr Hatch$8,278$3,777$28,685
Kia Soul Base 4dr Hatch$10,151$3,484$29,338
Hyundai Accent GLS 4dr$8,725$3,044$29,474
Scion iQ 2dr Hatch$7,528$4,131$29,490
Ford Fiesta S 4dr$8,369$4,469$29,727
Kia Forte LX 4dr$9,665$3,326$29,769
Toyota Corolla L 4dr$9,219$3,902$30,435

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

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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.

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