Negotiating a good price on a new car can save hundreds or even thousands of dollars, but shoppers can save even more simply by choosing the right car to begin with. Purchase price is just one of the costs associated with vehicle ownership, and when the continuing costs of fuel, financing, insurance and depreciation are considered, saving a few bucks up front can cost more when all is said and done. Helping consumers shop smart and save money, Kelley Blue Book’s expert editors today name the 2019 model-year brand and category winners of the eighth annual 5-Year Cost to Own Awards. These awards recognize new vehicles with the lowest projected ownership costs.
“Our 5-Year Cost to Own information breaks down typical ownership costs, so shoppers can evaluate the out-of-pocket expenses they will incur beyond the initial purchase price. Consumers could save money down the road by choosing a vehicle that best fits their needs and their long-term budget,” said Eric Ibara, director of 5-Year Cost to Own for Kelley Blue Book. “This year, Subaru and Lexus claim the top brand and luxury brand positions. Subaru’s key advantage is its high residual value, which lowers depreciation costs. Lexus offers consumers luxury vehicles at an affordable price and without expensive repairs down the road.”