8/25/2023 0 Comments Crossover cars 2015What’s more, choosing a car that best preserves its value over time is equally critical for those leasing a vehicle, because payments are largely based on the difference between a model’s transaction price and its projected value at the end of the contract’s term.Įven with gas prices having gotten more affordable in recent months, fuel costs remain a significant ongoing outlay, though the difference of a scant few mpg might not make a huge dent in one’s budget and can be negated altogether depending on how and where a motorist drives. For example, choosing a $75,000 car that delivers a five-percent better five-year resale value over a similarly priced competing model would save an owner around $3,750 at trade-in time. Helping in this regard is the fact that the Mazda6, at 31/39 mpg, delivers fuel economy that’s on a par with the diminutive Chevy Spark.Īmong a car’s long-term ownership costs, depreciation – how well a given model holds its value over time – is arguably the most significant, especially with costlier models, again because there’s more money on the proverbial table than with a less-expensive model. Of course the Spark is one of the smallest cars on the market and is better suited to around-town driving than long-distance road trips, but those needing a larger and more accommodating auto can instead choose Mazda’s midsize Mazda6 with a predicted five-year ownership cost that’s still affordable at $35,321. According to the EPA, this factor alone makes the Spark $2,000 cheaper to own than the average car over a five-year term. With a low sticker price – the subcompact Spark starts at around $13,000 – it’s also highly fuel-efficient at an EPA-rated 31/39-mpg city/highway, which accounts for an annual fuel cost of just $900, based on 15,000 miles driven and gas at $2.07 a gallon. The most-affordable vehicle among all classifications in KBB’s Five-Year Cost to Own Awards is the 2015 Chevrolet Spark at an estimated $26,905. Among automakers, General Motors placed the most models among KBB’s award winners with nine cars, trucks and SUVs/crossovers out of 22 represented. Subaru is singled out among mainstream nameplates for its models’ particularly strong residual values and generous dealer discounts, while Lincoln gets the nod among luxury brands for its low maintenance bills and modest depreciation and insurance costs. The two brands KBB cited for having the lowest overall ownership costs for 2015 are Subaru and Lincoln. In Pictures: 22 Cheapest-To-Own Cars, Trucks And Crossovers. “However, sometimes an even more expensive car on the front end can actually save you money during the first five years of ownership by having low total ownership costs." “New-car shoppers usually pay a lot of attention to how much a car will cost upfront,” says Dan Ingle, vice president of vehicle valuations for Kelley Blue Book. We’re featuring them listed below and in the accompanying slide show. As the name implies, these are the new models in 21 separate vehicular categories that are expected to be the most budget-friendly rides on the road over the course of a typical half-decade ownership period. Fortunately the experts at Kelley Blue Book maintain a comprehensive database of such expenditures and recently announced the winners of its annual Five-Year Cost to Own Awards. It all adds up, and can amount to considerable cash moving forward, particularly if one is choosing a costly luxury vehicle, simply because there’s more money at stake.Įven with the world of information at one’s fingertips via the Internet, researching such variables is not an easy enterprise. A buyer who chooses a particular vehicle primarily to save a few dollars up front might actually lose money over time if his or her choice depreciates more quickly over time than a competing vehicle and/or costs more to finance, insure, maintain, repair and keep the gas tank filled.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |