Last summer one of the biggest vehicle research companies published a list of the least expensive cars that you can own. These cars are cheap to buy and cheap to operate and insure. Taking into consideration things like depreciation, financing, interest, insurance, fuel costs and maintenance, the company came up with this list of cars that are the least expensive to own.
The list includes cars that are on the road for an average of 15,000 each year for five years. They range in total ownership cost between $27,000 and $32,000, or about $5000 or $6000 each year. Besides being cheap to own and operate these cars also have the advantage of being cheap to insure - saving you even more money in the long run.
1. Kia Rio LX five-door: Price: $13,660, gas mileage: 30 mpg city/40 mpg highway; the five-year cost to maintain is $31,714, and cost per mile is 42 cents.
Redesigned for 2012, the Kia Rio is more stylish than its bargain-basement price might indicate. The LX is at the bottom of the Rio pecking order where every model gets the same 138-horsepower, 1.6-liter, four-cylinder engine. It has a six-speed manual transmission to get power to the front wheels and comes with air conditioning, trip computer and a four-speaker audio.
2. Toyota Prius C One: $18,950, 53 mpg city/46 mpg highway; five-year cost to maintain is $31,346.
Toyota's eco-friendly car just added this lower-level model to accommodate people with smaller budgets who still want to do their part in the economy. The Prius C is the smallest on this list of cheap cars, with a 1.5-liter, four-cylinder engine combined with electric motor. The car generates around 99 horsepower and works through a continuously variable transmission. This car has a great reputation.
3. Honda Insight: $18,500, 41 mpg city/44 mpg highway; five-year cost to maintain is $31,079.
It's the least expensive hybrid on the market, and its combination 1.3-liter, four-cylinder gasoline engine and electric motor deliver 98 horsepower to the front wheels via a continuously variable transmission.
4.Honda Civic DX Coupe: $16,555, 28 mpg city/39 mpg highway; five-year cost to maintain is $31,013.
This car has one of the best reputations on the market. The Honda Civic gets 140-horsepower and has a 1.8 liter, four-cylinder engine that runs to the front wheels. It is a car that has been being made for decades and has many thousands of satisfied customers who stand behind the car. There is a natural gas Civic on the market in some places now, which underlines its popularity.
5. Ford Fiesta S Sedan: $13,200, 29 mpg city/38 mpg highway; five-year cost to maintain is $30,994.
It's a well-engineered, carefully made small car. As priced here, it comes with a five-speed manual transmission to usher production from the 120-horsepower, 1.6-liter, four-cylinder engine to the front wheels.
These cheap cars are not only great modes of transportation, they are also great investments. They can save you money on ownership costs and also on insurance.
The list includes cars that are on the road for an average of 15,000 each year for five years. They range in total ownership cost between $27,000 and $32,000, or about $5000 or $6000 each year. Besides being cheap to own and operate these cars also have the advantage of being cheap to insure - saving you even more money in the long run.
1. Kia Rio LX five-door: Price: $13,660, gas mileage: 30 mpg city/40 mpg highway; the five-year cost to maintain is $31,714, and cost per mile is 42 cents.
Redesigned for 2012, the Kia Rio is more stylish than its bargain-basement price might indicate. The LX is at the bottom of the Rio pecking order where every model gets the same 138-horsepower, 1.6-liter, four-cylinder engine. It has a six-speed manual transmission to get power to the front wheels and comes with air conditioning, trip computer and a four-speaker audio.
2. Toyota Prius C One: $18,950, 53 mpg city/46 mpg highway; five-year cost to maintain is $31,346.
Toyota's eco-friendly car just added this lower-level model to accommodate people with smaller budgets who still want to do their part in the economy. The Prius C is the smallest on this list of cheap cars, with a 1.5-liter, four-cylinder engine combined with electric motor. The car generates around 99 horsepower and works through a continuously variable transmission. This car has a great reputation.
3. Honda Insight: $18,500, 41 mpg city/44 mpg highway; five-year cost to maintain is $31,079.
It's the least expensive hybrid on the market, and its combination 1.3-liter, four-cylinder gasoline engine and electric motor deliver 98 horsepower to the front wheels via a continuously variable transmission.
4.Honda Civic DX Coupe: $16,555, 28 mpg city/39 mpg highway; five-year cost to maintain is $31,013.
This car has one of the best reputations on the market. The Honda Civic gets 140-horsepower and has a 1.8 liter, four-cylinder engine that runs to the front wheels. It is a car that has been being made for decades and has many thousands of satisfied customers who stand behind the car. There is a natural gas Civic on the market in some places now, which underlines its popularity.
5. Ford Fiesta S Sedan: $13,200, 29 mpg city/38 mpg highway; five-year cost to maintain is $30,994.
It's a well-engineered, carefully made small car. As priced here, it comes with a five-speed manual transmission to usher production from the 120-horsepower, 1.6-liter, four-cylinder engine to the front wheels.
These cheap cars are not only great modes of transportation, they are also great investments. They can save you money on ownership costs and also on insurance.
About the Author:
About the Author: Leigh Jackson is a writer and researcher for the auto insurance industry with a focus on the Fort Worth car insurance and Texas auto insurance market. Jackson's work has appeared in several online insurance journals.
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