Kelley Blue Book: Kia Makes Best Car for the Least Money

If you’re looking to buy a new car, what are you concerned with most? Price, most likely. But the real cost of owning a vehicle is more than the price you negotiate.

Kelley Blue Book looked at the cost of owning 2012 models, both domestic and foreign. Here’s the breakdown in order of cost:

  1. Depreciation takes up the largest chunk. The vehicle loses its value as soon as you drive it off the lot.
  2. Fuel accounts for about 25% of owning a car.
  3. Insurance, financing and state taxes or fees are next.
  4. Then maintenance and repairs.

So what’s the best value among the major brands? According to KBB, it’s Kia, which cars like the Optima, Sorento and Soul. And for the luxury market, the winner is Audi. KBB also breaks it down by car models. The winners include (all 2012 models):

  • Subcompact car: Nissan Versa $29,252 (cost of 5 year ownership)
  • Full-size car: Chevy Impala $47,957 (5 years)
  • Sports car: Mazda MX-5 Miata $42,602 (5 years)
  • Full-size sport utility: Ford Expedition $63,562 (5 years)
  • Full-size pickup truck: Chevy Silverado 1500 Regular $49,371 (5 years)

Click here for the full list.

(Info from Kelley Blue Book and CNN)

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