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Cheapest Type of Car to Own
August 31, 2017
Smaller sedans are the cheapest type of car to own, according to a recent study by AAA. With an average annual cost of $6,354, they are nearly $4,000 less expensive to own per year than the most expensive segment - pickup trucks ($10,054 annual cost).
The study looked at the top-selling vehicles in each segment with selling prices under a certain amount, which means that Tesla was not included under electric vehicles even though they're one of the top selling electric models.
Check out the full break-down below, and read Consumer Reports summary for more information.
CATEGORY | AVG ANNUAL COST | MODELS EVALUATED BY AAA |
---|---|---|
Small Sedans | $6,354 | Chevrolet Cruze, Ford Focus, Hyundai Elantra, Honda Civic, Toyota Corolla |
Small SUVs | $7,606 | Ford Escape, Toyota RAV4, Honda CR-V, Chevrolet Equinox, Nissan Rogue |
Hybrids | $7,687 | Honda Accord Hybrid, Hyundai Sonata Hybrid, Toyota Prius Hybrid, Ford Fusion Hybrid, Toyota RAV4 Hybrid |
Medium Sedans | $8,171 | Toyota Camry, Honda Accord, Chevrolet Malibu, Nissan Altima, Chevrolet Malibu |
Electric Vehicles | $8,439 | BMW i3, Nissan Leaf, Kia Soul, Fiat 500e, Chevrolet Bolt |
Minivans | $9,146 | Toyota Sienna, Honda Odyssey, Kia Sedona, Dodge Grand Caravan, Nissan Quest |
Large Sedans | $9,399 | Chrysler 300, Chevrolet Impala, Ford Taurus, Toyota Avalon, Nissan Maxima |
Medium SUVs | $9,451 | Chevrolet Traverse, Jeep Grand Cherokee, Honda Pilot, Toyota Highlander, Ford Explorer |
Pickup Trucks | $10,054 | Ford F-150, Nissan Titan, Chevrolet Silverado 1500, Ram 1500, Toyota Tundra |
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