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The Cheapest Cars to Own for 2014

According to KBB, Mazda and Lexus offer the lowest ownership costs among all 2014 vehicles.

KBB recently released the winners of its 2014 5-Year Cost to Own Awards, which looks at the cars that offer the best bang for your hard-earned buck, taking into account not just depreciation and fuel costs, but insurance fees, state fees, and maintenance and repair costs throughout a five-year ownership.

Mazda was named number one in the overall brand category, while Lexus took top honors for "Luxury Brand." Other category winners included models from Toyota, Chevrolet, Buick, GMC and Mitsubishi.

If you're considering any of these vehicles, be sure to use  TrueCar to find local dealers who are most willing to negotiate steep discounts.

Overall Brand WinnerMazda
Luxury BrandLexus
Subcompact CarChevrolet Spark
Compact CarToyota Corolla
Sport Compact CarHyundai Veloster Turbo
Mid-Size CarHonda Accord
Full-Size CarChevrolet Impala
Entry-Level Luxury CarBuick Verano
Luxury CarAudi A5
High-End Luxury CarLexus LS
Sports CarFord Mustang
High-Performance CarChevrolet Camaro SS/ZL1
Hybrid/Alternative Energy CarToyota Prius c
Plug-In VehicleChevrolet Spark EV
Compact SUV/CrossoverJeep Patriot
Mid-Size SUV/CrossoverMitsubishi Outlander
Full-Size SUV/CrossoverFord Explorer
Luxury Compact SUV/CrossoverBuick Encore
Luxury Mid-Size SUV/CrossoverLincoln MKX
Luxury Full-Size SUV/CrossoverBuick Enclave
Mid-Size Pickup TruckToyota Tacoma Regular Cab
Full-Size Pickup TruckGMC Sierra 1500 Regular Cab
Minivan/VanDodge Grand Caravan Passenger
Hybrid SUV/CrossoverLexus RX

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

Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...

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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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