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New Cars That Are Cheap to Own
February 18, 2016Hyundai and Acura offer some of the best vehicles with the lowest cost of ownership, according to Kelley Blue Book's (KBB) 2016 5-Year Cost to Own Awards.
These annual awards recognize new vehicles with the lowest projected ownership costs during the initial five-year ownership period, including depreciation, expected fuel costs, finance and insurance fees, maintenance and repair costs, and state fees.
Hyundai was named the Brand award winner, while Acura took the crown for Luxury Brand. As for individual vehicles, winners were named in 22 categories including cars, SUVs, trucks and hybrid vehicles. Winners include the Nissan Versa, Chevrolet Spark EV, Ford F-150 Regular Cab, and Jeep Wrangler Unlimited. See below for the full list of winners.
If you're considering adding any of these award-winning vehicles to your garage, I recommend using TrueCar No Haggle and CarsDirect for the best deals in your local area.
|Subcompact Car||Nissan Versa|
|Compact Car||Toyota Corolla|
|Sport Compact Car||Ford Focus ST|
|Midsize Car||Toyota Camry|
|Fullsize Car||Chevrolet Impala|
|Entry-Level Luxury Car||Buick Verano|
|Luxury Car||Volvo S80|
|High-End Luxury Car||Lexus LS|
|Sports Car||Chevrolet Camaro|
|High-Performance Car||Ford Mustang GT|
|Hybrid/Alternative Energy Car||Toyota Prius c|
|Plug-In Vehicle||Chevrolet Spark EV|
|Compact SUV/Crossover||Honda HR-V|
|Midsize SUV/Crossover||Jeep Wrangler Unlimited|
|Fullsize SUV/Crossover||Ford Explorer|
|Luxury Compact SUV/Crossover||Buick Encore|
|Luxury Midsize SUV/Crossover||Lexus RX|
|Luxury Fullsize SUV/Crossover||Buick Enclave|
|Midsize Pickup Truck||Chevrolet Colorado Extended Cab|
|Fullsize Pickup Truck||Ford F-150 Regular Cab|
|Minivan/Van||Dodge Grand Caravan|
|Hybrid SUV/Crossover||Toyota Highlander Hybrid|
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe 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 NetworkSelect 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 / CarsDirectTrueCar, 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 ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
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About The AuthorGregg 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.
I welcome your car buying questions. Email Me and I'll be glad to answer them!