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Cars With the Lowest Ownership Costs

In the case of cars, what at first may seem like a great deal can sometimes turn into a money pit due to the high cost of maintenance and ownership. While you may pay little to get the car, suddenly you're draining your bank account on gas, insurance, maintenance and other fees.

On the flipside, there are those cars that are just a dream to own and if you can get them at a great deal, all the better!

To help you navigate these murky waters, Consumer Reports recently released a list of the vehicles they consider the most and least expensive to own. On the least expensive list are the likes of the Toyota Prius C Two, Honda Civic Si, and Chevrolet Traverse. While on the most expensive list are the Nissan Armada Platinum, Dodge Dart Aero, and Volkswagen Passat SEL Premium.

As always, I recommend you use TrueCar No Haggle and CarsDirect to get the best deal possible on any of these vehicles.

Least Expensive to Own

CategoryVehicle5-Year Owner Cost
Subcompact CarsToyota Prius C Two$24,600
Compact CarsToyota Prius Four$28,200
Midsized SedansToyota Camry Hybrid XLE$31,800
Large CarsToyota Avalon Hybrid Limited$41,400
Upscale SedansBuick Verano Leather (2.4) & Lexus CT 200h Premium$37,800
Luxury SedanLexus ES300h$42,000
Sporty CarsHonda Civic Si (manual)$34,800
Small SUVsSubaru XV Crosstrek Premium$34,200
Midsized SUVsHyundai Santa Fe Sport 2.4$36,600
Large SUVsChevrolet Traverse$51,000
Compact Luxury SUVsMini Cooper Countryman S$37,800
Midsized & Large Luxury SUVsBuick Enclave CXL$54,600

Most Expensive to Own

CategoryVehicle5-Year Owner Cost
Subcompact CarsHyundai Veloster (base, manual)$32,400
Compact CarsDodge Dart Aero (1.4T)$37,200
Midsized SedansVolkswagen Passat SEL Premium (V6)$45,600
Large CarsChrysler 300C$55,800
Upscale SedansLexus IS 250 (AWD)$54,000
Luxury SedanBMW 750Li$106,200
Sporty CarsPorsche Boxster 2.7 (manual)$64,200
Small SUVsVolkswagen Tiguan SEL$48,000
Midsized SUVsJeep Grand Cherokee Limited (V8)$57,000
Large SUVsNissan Armada Platinum$72,000
Compact Luxury SUVsCadillac SRX Luxury &Mercedes-Benz GLK350$57,000
Midsized & Large Luxury SUVsMercedes-Benz GL350 BlueTec$78,000

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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