Mazda, Lexus win 5-year cost-to-own awards from KBB.com
Mazda was found to have the lowest projected ownership costs of any brand over five years, in Kelley Blue Books cost-to- own awards. Among luxury brands, Lexus was the winner. KBB looks at depreciation and fuel costs, but also F&I fees; maintenance and repair; and state fees for new models. Both brands have strong residuals across their lineups, and are among the lowest in fuel and insurance costs.
Sometimes an even more expensive car can actually save you money during the first five years of ownership, said Dan Ingle, vice president of vehicle valuations for Kelley Blue Book.
KBB also gave the award to individual models in vehicle categories, to wit: for Subcompacts – Chevrolet Spark; Compacts -Toyota Corolla; Midsize – Honda Accord; Hybrid/alternative energy cars – Toyota Prius c; Compact SUV/crossovers – Jeep Patriot; Midsize SUV/crossovers – Mitsubishi Outlander; Full-size SUV/crossover – Ford Explorer.
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