When trying to conserve financial resources while shopping for a vehicle, it’s tempting to look at the cars with the lowest sticker prices as a means to save money. While this might be beneficial in the short run, the initial purchase price is only one aspect of car ownership responsibilities. As Kelley Blue Book is keen to point out, the cheapest car may not in fact be the most affordable.
Fortunately, KBB performs a lot of research and is endowed with a wealth of data to determine what the most affordable cars actually are. Factors taken into consideration are the sticker price, fuel economy, and the cost-to-own metrics spanning out five years that KBB calculates.
Here are the KBB’s ten most affordable to own cars for 2014.
10. Hyundai Accent
Hyundai is perhaps most well-known for offering a lot of car for not a lot of money. Since first coming to the U.S. in the 1990s, Hyundai’s resale values have surged northward, and its cars are now better quality and more efficient than ever before; not only are Hyundai’s still on the cheaper side of the spectrum, but they’re cheap to maintain and offer one of the industry’s best warranties. The Accent starts at $14, 645 and offers nearly 40 miles per gallon on the highway, making it a solid choice for the frugal all the way around.
9. Toyota Prius c
At $19, 080, the Toyota (NYSE:TM) Prius c is one of the cheapest hybrids on the market, and certainly the most affordable play on 53 miles per gallon in the city (and 46 on the highway). While it’s not as accommodating as its liftback sibling, the Prius c offers nearly the perfect balance of affordable upfront costs, low insurance premiums, and fuel economy. This is one example where putting down an extra few thousand upfront can pay off over time as fuel costs continue to creep upward.
8. Toyota Corolla
Toyota’s Corolla is perhaps the epitome of the small economy car segment. It’s so far the best-selling car of all time, KBB says, and it’s hoping to keep that trend going with its new redesign for 2014. “The new Corolla is the roomiest, most comfortable car on this list, and carries a famous reputation for reliability that serves as a foundation for outstanding resale value and low long-term ownership costs, ” KBB said. It starts at $16, 800, and can offer up to 28 miles per gallon in the city and 37 on the highway. Additionally, since it’s so popular and ubiquitous, costs for replacement parts will be minimal should you need them.what does ex parte mean How to install ram? what does is mean on silverware Who tricks napoleon in animal farm How to make stewed tomatoes? 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