The 5-Year Cost to Own Awards honor the new vehicles and brands (luxury and non-luxury) with the lowest projected ownership costs, based on Kelley Blue Book’s 5-Year Cost to Own data for new cars for the initial five-year ownership period. While depreciation (or loss of value) and fuel costs may be the greatest expense incurred in owning a vehicle, there are other factors that can have a significant impact on a consumer’s budget.
For the fifth consecutive year, the Jeep Wrangler took home a 5-Year Cost to Own award. This year is its first in the “Off-Road SUV/Crossover” category, while the Fiat 124 Spider earned its first 5-Year Cost to Own award in the “Sports Car” category in its first year of eligibility.
“The two-door Jeep Wrangler leads its segment in all 5-Year Cost to Own factors except repairs,” said Eric Ibara, director of 5-Year Cost to Own for Kelley Blue Book. “The Wrangler has significantly lower depreciation due to strong residual values, making it one of the most capable and affordable off-road vehicles on the market.
“The Fiat 124 Spider leads its segment with the lowest financing costs, fuel costs and state fees,” added Ibara. “In the Sports Car segment, consumers often trade high fuel costs in exchange for performance. The Fiat 124 Spider is a logical option for drivers who would like to experience the excitement of a sports car at an affordable price.”
Available on Kelley Blue Book’s KBB.com, 5-Year Cost to Own information takes into consideration depreciation, expected fuel costs, finance and insurance fees, maintenance and repair costs, and state fees for all new models. Kelley Blue Book’s 5-Year Cost to Own Awards, like all new- and used-car information provided by KBB.com, exist to help shoppers make more informed new-car buying decisions by breaking down typical ownership cost details and naming the brands and models with the lowest projected five-year total.