Which Cars Are Cheapest To Own Over Five Years?

If you are considering a new car purchase (you should be thinking used, though, to save the most money), Edmunds has a complete list of the cars with the lowest total cost of ownership over 5 years. Taking into account depreciation, interest on financing, taxes and fees, insurance premiums, fuel, maintenance and repairs, which cars make the grade and should be on your “maybe” list?

Cars under $15,000:
Chevy Aveo
Kia Rio

Cars under $20,000:
Honda Fit
Ford Focus
Toyota Yaris

Cars under $25,000:
Toyota Prius
Volkswagen Beetle
Jeep Compass

Cars under $30,000:
Toyota Camry Hybrid
Subaru Legacy
Honda Accord

They do have cars that go above and beyond the $30,000 mark, but if you are buying a car that expensive, you might not be worried about how much it costs to own…after all, you are spending over $30,000 on a new car! The payments on that for 72 months would be well over $500 per month, so you can probably afford it. Surprisingly, the Honda Civic is not on this list, as I thought that was an incredibly well-priced and solidly built car. Shows you what I know! Anyways, if you are thinking of buying a new car, you might want to check out their entire list and the reasons why different cars made the cut.

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Comments (5)

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  1. tanyetta says:

    i’m still rollin in my ’96 toyota. 🙂

    i like that edmunds site. the tales of the car salesman was hilarious! and sooo true i’m sure!

  2. TF Miser says:

    My ’94 Corolla surely has a low cost of ownership. Haven’t kept all the figures so I don’t know exactly what the cost is. Whenever I buy another car I’m going to keep all the figures so I can come up with an accurate total cost of ownership.

  3. david says:

    Tales of the car salesman was great, you are right Tanyetta! And TMF – Keep that ride going, you have a hell of a deal there. Some days I wish I had kept my 94 Civic!

  4. Yan says:

    Yeah baby, my Accord is in the list!
    Thanks for digging this out

  5. david says:

    Accords should always be on the list!