The upfront cost comparison It’s a text-shadow: 0 -1px 1px rbga(0,0,0,.6); Combined together, this puts it on the list of 20 cars to avoid at all costs. Quality: The Ford Explorer Hybrid is an all-new midsize SUV for the 2020 model year. margin:20px; Lowest Cost of Ownership Awards: Outstanding OEMs in 2020’s Lowest Cost of Ownership Awards include Deere and Volvo taking the lead with three total awards each, Caterpillar with two awards, Komatsu with two awards, and Bobcat with two awards. "top":0}); Here’s how they compare. The 2020 Chevrolet Corvette True Cost to Own includes depreciation, taxes, financing, fuel costs, insurance, maintenance, repairs, and tax credits over the span of 5 years of ownership. However, this does not mean that you can simply buy one of these models and expect the TCO to be the best. .reveal-modal2 ul{ z-index: 101; display:none; This article ranks the top 10 cheapest new cars of 2020… Sales of new vehicles in the U.S. fell 14.6 percent last year, as a pandemic staggered the American economy.... Honda has launched an innovative new product that claims to filter viruses from the air inside a car. Starting Price: $29,745, The best cars and best deals delivered to your inbox, By subscribing, you agree to our privacy policy. 2020 Kia Soul - Starting price: $17,490 2020 Hyundai Santa Fe - Starting price: $26,995 2020 Chevrolet Traverse - Starting price: $30,995 Cheapest Electric Cars 2020 Nissan Leaf - …  RSS Feed, Some links and services recommended on this website provide compensation to RealCarTips. border: 3px solid #000; background:#eee; The midsize... Lowest 5-Year Cost to Own Brand of 2020: Subaru, Kia Unveils New Logo, Slogan, Previews Big Changes, Car Sales Fell with Pandemic; Expected to Recover with Vaccinations, Honda ‘Car Mask’ Claims to Filter Viruses Inside Vehicles, 2021 Kia Soul vs. 2021 Honda HR-V Comparison, 2021 Subaru Outback vs. 2021 Jeep Cherokee Comparison, 2020 Nissan Frontier vs. 2021 Honda Ridgeline Comparison. By minimizing depreciation, Subaru delivers high resale value. Kia Niro - 3-Year Ownership Cost: $29,461 MSRP: $24,485 Engine: 1.6-liter inline-4; permanent magnet synchronous AC motor EPA Combined: 50 mpg … .reveal-modal2 .close { right: 11px; Lowest 5-Year Cost to Own Brand of 2020: Subaru Subaru continues to lead the way among mass-market brands, delivering the lowest 5-Year Cost to … Compact cars have the lowest cost of ownership, according to an analysis conducted by Kelley Blue Book. -webkit-box-shadow: 0 0 10px rgba(0,0,0,.4); padding: 15px; The 2020 Chevrolet Impala has the lowest cost of ownership over five years of any full-size car. Consumer Reports states that it is outdated and that competitors have simply passed it up. The 2020 Ford Explorer True Cost to Own includes depreciation, taxes, financing, fuel costs, insurance, maintenance, repairs, and tax credits over the span of 5 years of ownership. cursor: pointer; -box-shadow: 0 0 10px rgba(0,0,0,.4); -moz-box-shadow: 0 0 10px rgba(0,0,0,.4); You’ll save money at the pump with the Corolla’s top-notch fuel economy. KBB has just released its 5-Year-Cost to Own Awards, recognizing new vehicles with the lowest projected ownership costs after five years. Starting Price: $28,395, Sporty Compact Coupe } text-align: left; All recommendations are based foremost upon a good faith belief that the product, service, or site will benefit car buyers. over time. Edmunds.com's True Cost to Own® (TCO®) is proprietary data that helps you estimate the total five-year cost of buying and owning a vehicle including some items you ma… In addition to offering features like standard all-wheel drive and industry-leading safety with its EyeSight Driver Assist technology, Subaru has demonstrated its ability to build vehicles with high quality, dependability and reliability scores. This Japanese brand offers a wide range of products, from subcompact crossover SUVs like its Crosstrek to its 3-row midsize Ascent SUV, all of which have competitive pricing, low maintenance costs and high levels of built-in safety. margin-left:35px; 2020, thus far, has not seemed like a good year if you are in the market for an affordable car. .reveal-modal2 { The 2021 Subaru Outback and 2021 Jeep Cherokee are solid all-around compact SUVs that provide good space for passengers and real off-road ability. border-radius: 5px; This is a For each year, I enjoy researching and publishing a ranking of the cheapest new cars sold in the U.S. market. $(this).hide(); 2-Row Midsize SUV/Wagon $("a.btn-danger").on("click", function(){ The cars we've listed below are the ones that offer the lowest running costs of any car for sale in the UK in 2020. True Cost to Own® (TCO®) pricing system calculates the additional costs you may not have included when considering your next vehicle purchase. } Other times, some of the least expensive cars are also the cheapest vehicles to own over time. The cheapest cars to own can sometimes cost you more in the long run from frequent repairs, bad gas mileage, rapid depreciation, and low resale values. There are 20 total categories for LCO this year. It comes as no surprise that its five-year cost of ownership is the highest in the segment as well. 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