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2020 Cars with Lowest Ownership Costs
February 6, 2020
Kelley Blue Book recently released the winners of its 2020 Five-Year Cost to Own Awards, which analyzed the true costs of all 2020 model vehicles, including projected depreciation.
For overall brand winners, Subaru was named best brand and Acura best luxury brand. And category winners include the 2020 Hyundai Venue, Elantra, and Chevrolet Tahoe. Below is a look at all the 2020 category winners as well as last year's winners.
If you're considering purchasing any of these vehicles, make sure to use TrueCar No Haggle and CarsDirect for the lowest prices available in your area.
Lowest 5-Year Ownership Costs
| CATEGORY | Last Year (2019) | This Year (2020) |
|---|---|---|
| SUBCOMPACT SUV/CROSSOVER | Mazda CX-3 | Hyundai Venue |
| COMPACT CAR | Kia Soul | Hyundai Elantra |
| COMPACT SUV/CROSSOVER | Subaru Crosstrek | Subaru Forester |
| MID-SIZE SUV/CROSSOVER - 2-ROW | Hyundai Santa Fe | Hyundai Santa Fe |
| MID-SIZE SUV/CROSSOVER - 3-ROW | Mitsubishi Outlander | Mitsubishi Outlander |
| MID-SIZE CAR | Honda Accord | Honda Accord |
| FULL-SIZE SUV/CROSSOVER | Nissan Armada | Chevrolet Tahoe |
| FULL-SIZE CAR | Chevrolet Impala | Chevrolet Impala |
| LUXURY SUBCOMPACT SUV/CROSSOVER | Lexus UX | Lexus UX |
| LUXURY COMPACT SUV/CROSSOVER | Lexus NX | Lexus NX |
| ENTRY-LEVEL LUXURY CAR | Acura ILX | Acura ILX |
| LUXURY MID-SIZE SUV/CROSSOVER | Lexus RX | Lexus RX |
| LUXURY CAR | Lexus GS | Volvo V90 |
| LUXURY FULL-SIZE SUV/CROSSOVER | Infiniti QX80 | Infiniti QX80 |
| MID-SIZE PICKUP TRUCK | Toyota Tacoma | Toyota Tacoma |
| SPORTS CAR | FIAT 124 Spider | FIAT 124 Spider |
| FULL-SIZE PICKUP TRUCK | Toyota Tundra | Chevrolet Silverado 1500 |
| HYBRID/ALTERNATIVE ENERGY CAR | Toyota Prius c | Toyota Corolla Hybrid |
| MINIVAN | Honda Odyssey | Chrysler Voyager |
| ELECTRIC VEHICLE | Nissan LEAF | Nissan LEAF |
| OFF-ROAD SUV/CROSSOVER | Jeep Wrangler | Jeep Wrangler |
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 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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