What is the best car for long term ownership width
Lowest 5-Year Cost to Own: Top Cars, Trucks and SUVs of 2023
If you want to get the most car for your money, you have to look beyond just purchase price. When you consider insurance, maintenance costs, fuel costs, and the big one, depreciation, choosing a slightly pricier model can save you money in the long run. And that also means less expensive cars can cost more over time.
Our exclusive and comprehensive 5-Year Cost to Own projections pull all these figures together into a single dollar figure, making it easy to compare the true financial impacts of the cars on your shopping list. We consider what youll pay for a car, the ongoing costs, and what it will be worth after five years of ownership.
Every year, we use that data to recognize the standout cars, trucks, and SUVs that will wreak the least havoc on your bank account over the long haul. Here are your Kelley Blue Book 5-Year Cost to Own Award winners for 2023.
2023 Lowest 5-Year Cost to Own: SUVs
2023 Lowest 5-Year Cost to Own: Cars
2023 Lowest 5-Year Cost to Own: Trucks, EVs, Minivan
2023 Lowest 5-Year Cost to Own: Brands
2023 Lowest 5-Year Cost to Own: SUVs
Subcompact SUV
5-Year Cost to Own: $31,686Compared to segment avg: -$5,033Read More
Compact SUV
5-Year Cost to Own: $37,367Compared to segment avg: -$3,635Read More
2-Row Midsize SUV
5-Year Cost to Own: $41,222Compared to segment avg: -$8,772Read More
3-Row Midsize SUV
5-Year Cost to Own: $47,833Compared to segment avg: -$5,087Read More
Full-Size SUV
5-Year Cost to Own: $71,337Compared to segment avg: -$3,901Read More
Off-Road SUV
5-Year Cost to Own: $47,771Compared to segment avg: -$2,735Read More
Subcompact Luxury SUV
5-Year Cost to Own: $46,962Compared to segment avg: -$2,605Read More
Compact Luxury SUV
5-Year Cost to Own: $52,998Compared to segment avg: -$7,041Read More
2-Row Midsize Luxury SUV
5-Year Cost to Own: $62,175Compared to segment avg: -$10,420Read More
3-Row Midsize Luxury SUV
5-Year Cost to Own: $65,395Compared to segment avg: -$5,318Read More
Full-Size Luxury SUV
5-Year Cost to Own: $92,444Compared to segment avg: -$8,825Read More
2023 Lowest 5-Year Cost to Own: Cars
Compact Car
5-Year Cost to Own: $31,041Compared to segment avg: -$1,936Read More
Midsize Car
5-Year Cost to Own: $36,732Compared to segment avg: -$3,094Read More
Sports Car
5-Year Cost to Own: $39,908Compared to segment avg: -$16,519Read More
Compact Luxury Car
5-Year Cost to Own: $50,539Compared to segment avg: -$7,988Read More
Midsize Luxury Car
5-Year Cost to Own: $53,063Compared to segment avg: -$9,913Read More
Full-Size Luxury Car
5-Year Cost to Own: $83,727Compared to segment avg: -$19,730Read More
2023 Lowest 5-Year Cost to Own: Trucks, EVs, Minivan
Hybrid Car
5-Year Cost to Own: $30,207Compared to segment avg: -$11,054Read More
Electric SUV
5-Year Cost to Own: $31,581Compared to segment avg: -$14,959Read More
Electric Luxury SUV
5-Year Cost to Own: $48,651Compared to segment avg: -$2,218Read More
Electric Car
5-Year Cost to Own: $28,610Compared to segment avg: -$10,066Read More
Electric Luxury Car
5-Year Cost to Own: $43,975Compared to segment avg: -$7,561Read More
Compact Pickup Truck
5-Year Cost to Own: $31,416Compared to segment avg: -$3,306Read More
Midsize Pickup Truck
5-Year Cost to Own: $40,626Compared to segment avg: -$3,665Read More
Full-Size Pickup Truck
5-Year Cost to Own: $48,254Compared to segment avg: -$10,988Read More
Electric Pickup Truck
5-Year Cost to Own: $51,243Compared to segment avg: -$381Read More
Minivan
5-Year Cost to Own: $42,669Compared to segment avg: -$6,307Read More
2023 Lowest 5-Year Cost to Own: Brands
Toyotas emphasis on quality pays dividends in the form of reliability. This in turn adds value, leading to low cost to own numbers.
Toyota Models
Lexus has a stellar reputation for building high-quality, reliable, well-equipped luxury vehicles at prices well below the competition.
Lexus Models
About Our 5-Year Cost to Own Projections
Our 5-Year Cost to Own projections come from data developed by Kelley Blue Book analysts who calculate projected resale value while taking into consideration insurance costs and state fees, plus fuel, maintenance, and repair outlays. Underlying these projections are the vehicles initial cost as calculated from KBBs Fair Purchase Price. These data points are determined at the model level. They are sales-weighted, with popular trims given greater influence so that average buyers have a better idea of what to expect from the ownership experience.
The data-generated 5-Year Cost to Own Awards is a powerful tool shoppers can use to evaluate a new vehicle purchase. By making an informed decision, youll spend your transportation dollars wisely with benefits that will accrue over the life of your ownership experience.
Long-Term Ownership Reviews
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The Best Cars for Long-Term Ownership: Reliability and Maintenance Costs
Driving a car is a fantastic way to get around, but ownership comes with a financial responsibility. Beyond the initial purchase price, fuel costs, and insurance, there's the ongoing burden of maintenance and repairs. Fortunately, some cars are built to last, saving you money and frustration in the long run. This article will explore the best cars for long-term ownership, focusing on reliability and maintenance costs.
The Importance of Reliability and Maintenance Costs
Reliability refers to a car's ability to avoid breakdowns and function consistently. Reliable cars require fewer repairs, saving you money on mechanics and parts. Maintenance costs encompass everything from routine oil changes and tire rotations to more significant repairs like replacing the brakes or transmission. Cars with lower maintenance costs will keep your wallet happier over the years.
Top Brands for Long-Term Ownership
Several car brands consistently rank high in terms of reliability and affordability to maintain. Here are some of the leaders:
- Toyota: Toyota is legendary for its dependable vehicles. Their commitment to quality engineering and readily available parts makes them a top choice for long-term ownership.
- Honda: Honda rivals Toyota for reliability and affordability. They offer a wide range of models known for lasting well into high mileage territory.
- Lexus: The luxury arm of Toyota, Lexus delivers exceptional reliability with the added benefit of extended warranties.
- Mazda: Mazda prioritizes driver engagement without sacrificing reliability. Their vehicles tend to have lower maintenance costs than some European luxury brands.
- Kia and Hyundai: These Korean manufacturers have made significant strides in recent years, offering feature-packed cars with long warranties and strong reliability ratings.
Top Models for Long-Term Ownership
While brand reputation is a good starting point, specific models excel within each brand. Here are some of the best car choices for long-term ownership, categorized by vehicle type:
Sedans:
- Toyota Corolla: A perennial favorite, the Corolla is known for its bulletproof reliability and low maintenance needs.
- Honda Civic: Another top contender, the Civic offers a fun driving experience alongside impressive durability.
- Mazda3: This sporty sedan blends driving enjoyment with excellent reliability and lower ownership costs compared to some European competitors.
- Kia Forte: A value-packed option, the Forte delivers strong reliability and a long warranty.
SUVs:
- Toyota RAV4: A top seller for a reason, the RAV4 offers excellent reliability, good fuel economy, and a spacious interior.
- Honda CR-V: Similar to the RAV4, the CR-V is a reliable and versatile SUV with a comfortable ride.
- Mazda CX-5: This stylish SUV provides a fun driving experience with good fuel economy and strong reliability.
- Hyundai Tucson: A feature-rich choice, the Tucson offers a long warranty and competitive maintenance costs.
Trucks:
- Toyota Tacoma: This mid-size truck is known for its near-legendary durability and off-road capability.
- Honda Ridgeline: This comfortable truck prioritizes ride quality and practicality while offering decent fuel economy and good reliability.
Electric Vehicles (EVs):
- Tesla Model 3: While some repairs can be costly, Tesla EVs benefit from fewer moving parts and require less routine maintenance compared to gasoline-powered vehicles.
- Chevrolet Bolt EV: This affordable EV offers a long warranty and minimal maintenance needs.
Factors to Consider Beyond Brand and Model
When choosing a car for long-term ownership, consider these additional factors:
- Your Driving Habits: If you drive a lot, prioritize reliability and fuel efficiency. If you take frequent short trips, a hybrid or EV might be a good option.
- Maintenance Schedule: Research the recommended maintenance schedule for any car you're considering. More frequent maintenance can add to ownership costs.
- Warranty Coverage: A longer warranty can provide peace of mind and cover unexpected repairs in the early years of ownership.
Tips for Maintaining Your Car for Long-Term Ownership
- Follow the recommended maintenance schedule: This includes regular oil changes, tire rotations, and fluid flushes.
- Use high-quality parts and fluids: Don't skimp on parts during maintenance.
- Find a good mechanic: Build a relationship with a trustworthy mechanic for repairs.
- Practice preventative maintenance: Address minor issues promptly to prevent them from becoming major problems.
Conclusion
Choosing the right car for long-term ownership requires a balance between upfront cost, fuel efficiency, reliability, and maintenance expenses. By prioritizing brands and models known for lasting a long time and following proper maintenance practices, you can ensure your car serves you faithfully for many years to come. Remember, a reliable and well-maintained car translates to lower ownership costs, fewer headaches, and ultimately, more enjoyable and ultimately, more enjoyable miles on the road. With a little research and a commitment to good car care, you can find the perfect vehicle that will be a reliable companion for your adventures, big and small. Happy driving!
Most Reliable Cars in India. Cars for Happy Long Term Ownership
Most Reliable Cars in India. Cars for Happy Long Term Ownership
04 June 2016 by Gagan Modi
Are you looking for Reliable Cars for Long Last Happy Ownership. A Car meant for 10 to 15 Year Ownership without Issues. Here are Top 10 for you
Most Reliable Cars in India
When it come to Cars - apart from Features, Mileage, Safety is what important is Reliability
There are some Car Models - which are known for giving a tough time to owners in repeated visits to Workshops, while in some the long term reliability is a question
As a Buyer - its important to invest in Hard Earned Money in Car Models having Proven Reliability and tested and recommended over a long period of time
Know some Proven Car Models which can be most dependable in Niggle Free Ownership with Long term Reliability in India - especially for those who look for long last purchase of 10 to 15 years.
Cars Models with Best Reliability in India
| Hatchback | Review |
| Maruti Alto 800 | Maruti Alto still leads the segment. The Package combination of Low Ownership Cost, Affordable and Easy availability of Spares, Good Low End Torque makes it a descent Buy |
| Maruti Wagon R | The Tall boy Design, Spacious Cabin for 4, Good Interiors, Commanding Seating Position, Easy Spare Availability along with Good Mileage. Add on is Affordable Price segment of 4 Lakh and Proven long 17 years history makes it an excellent buy in used car market too. Ideal car in day to day city drive. |
| Maruti Swift | Powerful refined 1.2 Litre K Series Engine, Sporty Dynamics, Impressive Handling makes Maruti Swift a long 11 year leader in Hatchback Car Segment in India |
| Sub 4 Meter Compact Sedan, Premium Hatch | |
| Toyota Etios | Toyota Etios is Entry Sedan segment is known for lowest scheduled service cost. Add on to USP is Safety rating of 4 Star along with descent in cabin seating and best In class boot space with Toyota reliability and leader in JD Power reliability Index. Importantly - Toyota now offering 5 Year Warranty on Etios with AnyTime Extended Warranty for 6th &7th Year |
| Honda Amaze | Honda Amaze comes with lowest turning radius. Add on USP is In City Drive-ability in 1.2 Litre Engine and 1.5 Litre Diesel Engine. Honda reliability is considered good and has high demand in second hand car market. Honda Siel Cars offering Extended warranty till 4 years and anytime Warranty for 5th, 6th and 7th Year for Peace of Mind OwnershipNew CarsCheck Prices with Complete Features |
| Hyundai I20 | The Premium Hatchback Offering has created a niche for itself since 2009. The best selling Premium Hatch is known for performance in Diesel Engine, good build and Hyundai affordable spares making it a reliable long term buy. |
| Mid & Executive Sedan | |
| Honda City | Un-disputedly the leader of Mid Sedan Segment. Especially the 1.5 Litre Ivtec Petrol Performance with class leading In cabin Space, good interior aesthetics, features list and long presence in Indian market for makes it an excellent long term pick. |
| Toyota Corolla Altis | Though - the new Gen Corolla Altis is not as loaded in features as in Octavia or not as powerful as is Jetta or Cruze. But what it owns is reliability, best in class rear seating space, Good Build, 5 Star Safety and low Ownership costs |
| Utility Space | |
| Toyota Innova | Nothing to beat Innova in long Proven reliability with niggle free Ownership. Long lasting Engine Performance with build to last philosphy, best in class space and Build Quality - all at pocket friendly maintenance makes it an excellent purchase. Now Innova available with Warranty for 5 Year / 1 Lakh Kms and anytime Warranty for 6th and 7th year till 1.4 Lakh Kms in India. |
| Toyota Fortuner | One of the reasons of Fortuner success was Toyota reliability as established. Add on is Fortuner in Cabin Seating Space better than other 7 Seater SUV, Powerful Engine, Build Quality and Macho Looks resembling close to Landcruiser - all makes Fortuner a heavy sought for SUV in the Segment |
