Kelley Blue Book: The SUVs that cost the least to own over 5 years

About the 5-Year Cost to Own awards Kelley Blue Book’s 5-Year Cost to Own data takes into account the total vehicle-related costs an owner will encounter during the first five years of owning a car. This includes the Fair Purchase Price of a vehicle and its resale value. The 5-Year Cost to Own projections also factor in the insurance, fuel costs, and maintenance costs, as well as any state tax and registration fees. However, the biggest single item that affects what you’ll pay over the time you own your vehicle is depreciation. That significant number doesn’t affect most owners until the time comes to sell it or trade it in.

While most of the numbers, like expected fuel costs, insurance, maintenance, and repairs, are easy to digest, it’s the depreciation component that should be a critical element in your car buying decision. The value of your vehicle on the resale market can have a major impact on your overall expenses. That low initial price of a low trim vehicle may look good out the door, but a buyer of one with more features — or even a competing model with lower depreciation — may come out ahead when all is said and done. That’s why we’ve identified the brands and individual models across such a wide range of vehicle classes. These are the ones that perform the best when it comes to protecting your automotive investment. Yuu might like: The pros and cons of plug-in hybrids and your guide to buying one2022 lowest 5-Year Cost to Own SUVs2022 Hyundai Venue Subcompact SUV 5-Year Cost to Own: $30,555Compared to segment average: -$6,9822022 Subaru Forester

The 2022 Subaru Forester

Subaru

Compact SUV 5-Year Cost to Own: $39,473Compared to segment average: -$1,957 See: The 10 best cars for new college grads2022 Subaru Outback

The Subaru Outback

Subaru

2-row midsize SUV 5-Year Cost to Own: $43,973Compared to segment average: -$6,7302022 Subaru Ascent

The Subaru Ascent

Subaru

3-row midsize SUV 5-Year Cost to Own: $48,383Compared to segment average: -$4,1212022 Nissan Armada

The 2022 Nissan Armada

Nissan

Full-size SUV 5-Year Cost to Own: $69,416Compared to segment average: -$6,8222022 Ford Bronco

The Ford Bronco

Ford

Off-road SUV 5-Year Cost to Own: $47,961Compared to segment average: -$3,059 Check out the new and redesigned SUVs coming this year, plus future concept cars2022 Lexus UX

The 2022 Lexus UX

Lexus

Subcompact luxury SUV 5-Year Cost to Own: $46,424Compared to segment average: -$3,2242022 Lexus NX

The Lexus NX

Lexus

Compact luxury SUV 5-Year Cost to Own: $51,227Compared to segment average: -$6,2192022 Lexus RX

The Lexus RX

Lexus

2-row midsize luxury SUV 5-Year Cost to Own: $62,099Compared to segment average: -$12,1562022 Acura MDX

The Acura MDX

Acura

3-row midsize luxury SUV 5-Year Cost to Own: $60,530Compared to segment average: -$7,193 Read next: Sizzling inflation is raising the cost of July 4th BBQs by almost 21%2022 Lexus LX Full-size luxury SUV 5-Year Cost to Own: $88,956Compared to segment average: -$12,698 This story originally ran on KBB.com. 

                  

Reply

Investing for Retirement

Retirement may be a long way off for you – or...

Long Term Investments for the Future

If you are ready to invest money for a future event,...

Understanding Bonds

There are certain things you must understand about bonds before you...

How Much Money Should You Invest?

Many first time investors think that they should invest all of...