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Misers' Models: The Ten Cheapest Cars To Own Page 3

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2013 Kia Rio

2013 Kia Rio

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Kia Rio (LX hatchback)
MSRP: $13,800
Depreciation over five years: $9,355
Average annual insurance: $1,089
EPA fuel economy: 29 mpg city, 37 highway (manual)
Five-year total cost of ownership: $28,516

Just a few years ago Kia was an also-ran import brand, with a lineup of bland economy cars. But look at the perky details and classic hot-hatch proportions of the 2013 Rio hatchback, and you'll understand what kind of transformation Kia has pulled off brand-wide. The base Rio hatchback costs a few hundred dollars more, but it includes a few more features like steering-wheel audio controls and split-folding rear seatbacks, and it's the better deal in the long run because of its lower depreciation.

 

2013 Toyota Yaris

2013 Toyota Yaris

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Toyota Yaris (L)
MSRP: $14,370
Depreciation over five years: $8,788
Average annual insurance: $1,090
EPA fuel economy: 30 mpg city, 37 highway
Five-year total cost of ownership: $28,685

The Yaris, just like the long line of Echo and Tercel models before it, isn't just one of the most affordable subcompact hatchbacks, but one of the most affordable cars to own for years. Although the Yaris lacks the hybrid powertrain of the the current Yaris, it has a low sticker price and low average insurance premiums; the Toyota Prius C hybrid gets much better gas mileage, but it also costs almost $5k more.


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Comments (4)
  1. Odd the Honda Fit didn't manage to make it into the top ten.
     
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  2. @John, As I look at the data, the Fit didn't quite make it into the top ten for a couple of subtle reasons: One of them is that its gas mileage (by the official EPA ratings) is a step below some of these other models.
     
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  3. Bengt, thanks for your observation. However, I guess the interpretation of data is sometimes in the eye of the beholder (in this case, Vincentric).

    In the eye of ConsumerReports.org and the data on their website the Honda Fit Base came in with a 5-year ownership total cost of $25,500 ($26,750 for the Sport). Either beats the #1 Vincentric pick Nissan Versa at $27,405 ($28K per CR).

    The Honda Fit Base EPA mileage rating of 28 city, 35 hwy doesn’t seem to be a step below the Vincentric #10 rated Toyota Corolla S at 27 city, 34 hwy nor a step higher than the Vincentric’s calculated 5-year total cost of ownership for the Corolla S at $30,345.

    So it still seems a bit odd to me that the Honda Fit didn’t somehow make Vincentric’s top 10 list.
     
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  4. No one can beat Honda, Toyota, Lexus and Acura. Best cars made. Engines run for 300,000 miles. Even a 10 year old Lexus and Acura model is stylish. Buy them used... I drive a 10 year old Lexus ES330.. runs perfect. Insurance is just $40/month thru Insurance Panda. Gas is cheap too. Not much to repair either. Can't beat it!
     
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