Here Are The Best 2018 Cars And Trucks With The Lowest Ownership Costs Over 5 Years
If you’re going to plop down a significant amount of money on a new car, then you don’t want to be breaking the bank a few years down the road for expenses that you didn’t factor into your budget. Some vehicles will have much higher ownership costs compared to others and that’s a major aspect that is often overlooked when planning to buy a new car. Thanks to Kelley Blue Book, you can find out the best cars to own over the long haul.
The average transaction price (ATP) for light vehicles in the United States was $36,113 in December 2017 according to Kelley Blue Book. You don’t want to add to your car budget by purchasing a ride that has exorbitant long-term ownership expenses. The vehicle that might have a slightly less sticker price might end up costing you way more in other ways. Kelley Blue Book released their “2018 5-Year Cost To Own Award Winners” this week. The company that has provided true costs of automobiles since 1926 weighed several factors to determine which car is the best bang for your buck over five years. KBB analyzed 22 different factors such as depreciation, finance rates, insurance, maintenance, repair costs, and fuel economy. Here are the top cars and trucks in a variety of vehicle categories.