Home General Lowest 5-Year Cost to Own: Top Cars, Trucks and SUVs of 2020

Lowest 5-Year Cost to Own: Top Cars, Trucks and SUVs of 2020

The bottom line on your recent new vehicle purchase isn’t really the bottom line. Ownership itself carries its own costs, some are readily apparent in the form of your monthly payment. Others are not so obvious, like the rate at which your purchase is depreciating. While Kelley Blue Book tools like the Fair Purchase Price is helpful in making that buying decision, there’s more that goes into the ownership experience, so even more information is needed. As a result, Kelley Blue Book calculates these expenses in 5-Year Cost to Own numbers that are used to determine these awards. These are costs that will be felt and affect your ownership experience long after you’ve taken delivery of your new ride.

The 5-Year Cost to Own equation is complex and includes things like insurance, fuel economy and interest rates, although the biggest driver remains depreciation. What your vehicle is worth in resale over the long run will have a big impact on your overall costs. While many vehicles may compare favorably to the competition on initial purchase price, varying rates of depreciation result from not only the individual model’s desirability in the resale market, but also the brand’s reputation.

A vehicle that costs more may in fact do a better job of retaining its value over five years than a less expensive or more heavily incentivized rival that depreciates more rapidly. In that case, the low initial outlay may not be the best deal when it comes time to trade it in or sell. As a result, buying a vehicle that delivers on resale value is a prime consideration for shoppers. And that’s why Kelley Blue Book’s 5-Year Cost to Own Awards are key to making the right decision.

Lowest 5-Year Cost to Own Brands

Lowest 5-Year Cost to Own Brand

Subaru takes the title for the second year in a row. Read more

Lowest 5-Year Cost to Own Luxury Brand

Acura tops all luxury brands for the fourth time. Read more

Lowest 5-Year Cost to Own SUVs

2020 Hyundai Venue

Best Subcompact SUV

2020 Subaru Forester

Best Compact SUV

2020 Hyundai Santa Fe

Best 2-Row Midsize SUV

2020 Mitsubishi Outlander

Best 3-Row Midsize SUV

2020 Jeep Wrangler 2-Door

Best Off-Road SUV

2020 Chevrolet Tahoe

Best Full-Size SUV

2020 Lexus UX

Best Subcompact Luxury SUV

2020 Lexus NX

Best Compact Luxury SUV

2020 Lexus RX

Best 2-Row Midsize Luxury SUV

2020 Acura MDX

Best 3-Row Midsize Luxury SUV

2020 Infiniti QX80

Best Full-Size Luxury SUV

2020 Lowest 5-Year Cost to Own Cars

2020 Hyundai Elantra

Best Compact Car

2020 Honda Accord

Best Midsize Car

2020 Chevrolet Impala

Best Full-Size Car

2020 Fiat 124 Spider

Best Sports Car

2020 Acura ILX

Best Entry-Level Luxury Car

2020 Volvo V90

Best Luxury Car

Lowest 5-Year Cost to Own Trucks, EVs, Minivan

2020 Toyota Corolla Hybrid

Best Hybrid Car

2020 Nissan Leaf

Best Electric Vehicle

2020 Chrysler Voyager

Best Minivan

2020 Toyota Tacoma

Best Midsize Pickup Truck

2020 Chevrolet Silverado

Best Full-Size Pickup Truck

 

DID YOU KNOW? State Farm is the country’s biggest auto insurer (sponsored)
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About the 5-Year Cost to Own Awards

Our 5-Year Cost to Own projections comes from data developed by Kelley Blue Book analysts who calculate projected resale value while taking into consideration insurance costs and state fees, plus fuel, maintenance and repair outlays. Underlying these projections are the vehicle’s initial cost as calculated from KBB’s Fair Purchase Price. These data points are determined at the model level and are sales-weighted, with popular trims given greater influence so that average buyers have a better idea of what to expect from the ownership experience.

The data generated 5-Year Cost to Own Awards is a powerful tool that shoppers can use in evaluating a new vehicle purchase. By making an informed decision, you’ll be spending your transportation dollars wisely with benefits that will accrue over the life of your ownership experience.

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