- By Mike Timmermann Clark.com
When you’re shopping for a new car, you may spend a lot of your time negotiating the best purchase price at the dealership.
Although getting a low sticker price can save you hundreds or thousands of dollars, Kelley Blue Book reports that you can save even more money over time by choosing the right vehicle in the first place.
KBB has just released its seventh annual 5-Year Cost to Own Awards, which recognizes new vehicles with the lowest projected costs for the initial five-year ownership period.
The following factors were taken into consideration:
Hyundai is this year’s top brand for lowest total ownership costs, according to KBB.
The automaker’s lineup performed well in most categories, with the Sonata winning the mid-size car category and the Elantra and Accent placing second for the compact car and subcompact car categories, respectively.
When it comes to luxury brands, Acura took the top spot with two standout vehicles in its lineup, the ILX and MDX.
Runners-up: Kia Rio, Hyundai Accent
Runners-up: Chevrolet Bolt EV, BMW i3
Runners-up: Hyundai Elantra, Kia Soul
Runners-up: Mazda CX-3, Toyota C-HR
Runners-up: Ford Focus ST, MINI Hardtop S/JCW
Runners-up: Jeep Wrangler, Kia Sportage
Runners-up: Kia Optima, Toyota Camry
Runners-up: Mitsubishi Outlander, Hyundai Santa Fe Sport
Runners-up: Toyota Avalon, Dodge Charger
Runners-up: Ford Expedition, Chevrolet Suburban
Runners-up: Buick Regal Sportback, Mercedes-Benz CLA
Runners-up: INFINITI QX30, Lexus NX
Runners-up: Cadillac XTS, Audi A6
Runners-up: Acura MDX, Lexus RX
Runners-up: Lexus LC, Audi A8
Runners-up: Lincoln Navigator, Toyota Land Cruiser
Runners-up: Dodge Challenger, Audi S3
Runners-up: Chevrolet Colorado, GMC Canyon
Runners-up: Dodge Charger SRT, Ford Mustang Shelby GT350
Runners-up: Kia Niro, Toyota Prius
Runners-up: Chevrolet Silverado HD, Toyota Tundra
Runners-up: Toyota Sienna, Kia Sedona
To read more about the 5-Year Cost to Own Awards, visit KBB.com.
Whether you’re shopping for a new or used car, Clark recommends that you consider a short-term subscription to Consumer Reports to check out its ratings and reviews.