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Tag: Least Expensive Car to Own

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The Chevy Aveo is #1 car on the market in terms of lowest total ownership costs.  When one thinks of hybrid vehicles, the first thing that comes to mind is fuel efficiency. Though the concept is great, are the savings in fuel going to outweigh the overall price of the hybrid? Edmunds.com ran this exact study in attempt to find the long-run cost of owning a hybrid car as opposed to a normal gas-powered compact or subcompact car. They then created a list of ‘top tens’ to see where the hybrids ranked in the group. Ownership costs should include depreciation, financing, taxes, fees, insurance premiums, maintenance, repairs, and fuel costs. Edmunds figured all of their numbers on a five-year ownership plan, and assumed fuel prices of $4.06, $5.00, and $6.00 per gallon. [...]
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