Friday, April 25, 2008

Least Expensive Vehicles to Own

These cars have low ownership costs because they're small, fuel efficient, and low on amenities

Go to Forbes original
The cost of owning a vehicle goes beyond the purchase price. Expenses like insurance and maintenance can add up.

To attain absolute rock bottom ownership costs — which still tally more than $30,000 over five years, even for a $10,000 car — a vehicle must be spartan. It must be small and lightweight to maximize fuel economy. And it should skimp on features, so that maintenance and repair costs stay low.

But most of all, it must start life with a sticker price well below even the most affordable luxury cars. A low purchase price holds down insurance premiums, taxes and fees, financing costs, and, especially, depreciation.

That’s why the priciest car on our list of the Top 10 Least Expensive Cars to Own is the tenth ranked Honda Civic DX, which starts at just $15,010.


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