With high sticker prices and even higher prices at the pump, it's a wise move to invest in one of the cars with the best 5-year cost to own.
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An affordable car may not always be a good deal. While it is important to consider the purchase price of a car, you should also take its cost of ownership into consideration. The following list of new cars with the best five-year cost to own will indicate which cars on the market may give you the best savings over a period of five years.
Hyundai Veloster
The new Hyundai Veloster is the winner of compact car category in this list of new cars with the best five-year cost to own. This sleek and stylish hatchback has a third door that provides easy access to the rear passenger area, and it has plenty of cargo space and excellent tech features.
Its performance may not be the most impressive, but its fuel economy rating of 27 mpg in the city and 37 mpg highway is higher than that of most cars in its class. The Hyundai Veloster retails at a base price of about $18,000, and it is estimated to cost $30,902 to own over a five-year period.
Hyundai Sonata
With a five-year cost to own of $38,232, the Hyundai Sonata has the lowest cost of ownership among midsize cars. This car comes with a beautiful sculpted body, a well-equipped interior, excellent engine options and the longest warranty in the industry. It also has an impressive fuel economy rating with its base engine delivering 24/35 mpg and its hybrid engine returning 35/40 mpg. The price of the Hyundai Sonata starts at about $21,500.
Chevrolet Impala
The Chevrolet Impala offers a wonderful blend of comfort, sophistication and ride quality, and it is one of the most sought-after full-size cars. It features a conservative exterior design and a roomy interior with many great features, ranging from a front bench seat to a SiriusXM satellite radio. Its 3.6-liter V6 engine can deliver 300 hp and 18/30 mpg. The Chevrolet Impala can cost anywhere between $26,500 to $31,000, and its five-year cost to own is $48,086.
Lexus GS
The new Lexus GS is the luxury car with the lowest five-year cost to own. This car has a bold, distinctive exterior design, and its interior is comfortable, luxurious and well-equipped. It is fitted with a 3.5-liter V6 engine that produces 306 hp and 19/28 mpg. The 2013 Lexus GS retails at a base price of about $48,000, and it costs $58,153 to own over a five-year period.
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