We all know that the price you pay at the dealership isn’t the final indicator of how much a vehicle will cost.
You have to take into account a whole host of factors, including depreciation, insurance, maintenance, repairs, financing, state fees, and fuel to understand how much your car will truly cost to operate. With this in mind, we have compiled a list of seven cars with the lowest cost of ownership over a five-year period, based on data from our partners at IntelliChoice.
The Honda Fit is a marvel in interior packaging, with reconfigurable seats that allow you to store a bike, small couch, or even a surfboard inside. Along with its 40-mpg highway fuel economy rating, its low cost of ownership also makes it a very practical car.
This tiny car comes with a tiny starting price of $14,095. It also benefits from a low cost of ownership—and whimsical color options, including Passion Fruit, Raspberry, Caribbean Blue Metallic, and Orange Burst Metallic.
When the Rio hatch competed in our 2018 Car of the Year competition, we were surprised how refined it had become. It offers a solid, quiet ride and a high-quality interior. This subcompact also impresses in sedan form.
Toyota Yaris sedan
The Yaris sedan is essentially a rebadged Mazda2. It slots below the larger Corolla as a subcompact car, packing a 1.5-liter four-cylinder making just 106 hp. But at least it achieves a favorable fuel economy rating of 32/40/35 mpg city/highway/combined.
5-Year Ownership Cost: $28,187-$31,635 (sedan), $31,867-$31,867 (wagon)
IntelliChoice Value Rating: Above Average (sedan), Excellent (wagon)