When looking for your next car, it’s essential to consider the total ownership cost beyond the initial price tag. Depreciation, fuel economy, insurance, and maintenance costs all add to the total cost of owning a vehicle. Here are 17 cars praised for their low five-year ownership costs.
Genesis G70
Luxury compact car enthusiasts admire the Genesis G70 for its warranty, high-quality interior, and navigation-based smart cruise control. The 2024 model has an average five-year cost-to-own figure of $50,539, around $7,000 less than the average luxury compact car.
Hyundai Venue
The 2023 Hyundai Venue is the brand’s most affordable and smallest SUV, with a celebrated fuel economy and warranty. Kelley Blue Book notes the car is “one of America’s most affordable SUVs,” with a “proven track record of low ownership costs” and an average five-year cost of $31,686.
Subaru BRZ
Car reviewers have praised the Subaru BRZ for its affordable and accessible prices, its strong resale values, and its rear-wheel drive. The 2024 model has recently been listed as KBB’s sports car with the lowest five-year cost to own of $39,908.
Chevrolet Bolt EUV
This electric SUV is known for its low ownership costs and initial price. The 2024 model has been praised for its range of 247 miles, roomy interior, and hands-free driving experience. The model’s average five-year cost to own is $31,581, almost $15,000 less than the average electric SUV.
Toyota Corolla
This compact car series is renowned for its low ownership costs and fuel economy. The 2024 hybrid model has been particularly praised for improving on the strengths of the Corolla. Its average five-year cost to own is $30,207, over $11,000 less than the average hybrid.
Honda Civic
Honda Civics are popular for their fuel efficiency (which keeps costs down), easy driving, and roomy interiors. The average cost for a Civic over five years is $24,230, making it a good choice for drivers looking for an inexpensive hatchback.
Subaru Impreza
The 2024 Subaru Impreza has been praised for building on the strengths of the previous five model generations by adding an 11.6-inch touchscreen, upgraded driver aids, and wireless smartphone integration. Forbes notes that the vehicle is Kelly Blue Book’s cheapest compact car to own over a five-year period, with an average cost of $31,041.
Hyundai Elantra
Hyundai’s compact Elantra range comes with a competitive warranty and is known for its strong performance in safety and reliability tests, which drive down long-term costs. Elantras have an average five-year ownership cost of just $24,436.
Ford Fusion
Ford stopped manufacturing this mid-size model in 2020, but the Fusion remains popular among Americans for its smooth handling and low maintenance and repair costs. The 2020 model has a relatively low five-year ownership cost of $36,613.
Honda Accord
The Honda Accord is a midsize car praised for its fuel economy, roomy interior, and enjoyable driving experience. Kelley Blue Book lists it as their midsize car with the lowest five-year cost to own of just $36,732.
Chevrolet Malibu
Chevrolet’s mid-size family car’s attractive design, comfortable ride, and relatively low long-term costs have kept it a popular model for years. The 2022 Malibu has an average five-year cost of just under $34,000.
Mitsubishi Mirage
CarEdge’s data reveals that Mitsubishi is the car brand with the lowest five-year owner costs. It notes that Mirage has an average new price of just $19,181. Thanks to its low financing and fuel costs, its five-year cost to own is only $22,442.
Subaru Outback
The Subaru Outback is an underrated model that owners prize for its off-road capability, comfortable drive, and simple, rugged interior. The 2022 Outback’s average five-year cost is $37,854.
Kia Soul
Kia has produced this subcompact crossover SUV since 2008, and its name was inspired by South Korea’s capital. Reviewers have praised the Soul EV for its range of over 250 miles and large interior space. Its average five-year cost is around $35,000.
Nissan Leaf
Nissan has produced this compact EV since 2010, and it has been praised for its safety kit, ample trunk space, and range. The Leaf has lower maintenance costs than compact gasoline cars, with an average five-year cost of $28,495.
Mazda3
This compact model is known for combining luxury with low ownership costs and has been regularly praised for its innovative gasoline engines. The recently released 2024 model has a five-year ownership cost of $37,336.
Volkswagen Golf
Volkswagen has been producing its beloved Golf range for fifty years. Golf owners love its smooth drive, light steering, and easily adjustable seat. The 2021 Golf has an average five-year ownership cost of $35,281.
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