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Misers' Models: The Ten Cheapest Cars To Own Page 6

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2013 Kia Forte sedan

2013 Kia Forte sedan

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Kia Forte (LX sedan)
MSRP: $15,400
Depreciation over five years: $9,704
Average annual insurance: $929
EPA fuel economy: 25 mpg city, 34 highway (manual)
Five-year total cost of ownership: $29,769

Normally, buying a model that's in its last model year before a major redesign (the redesigned 2014 is arriving as soon as next month) isn't a smart move; yet with Vincentric figuring on more than a $1,000 discount, and low insurance premiums in this established model, the base 2013 Forte LX has some impressively low ownership costs. While this model looks like less of a standout than it used to next to rivals like the new Ford Focus or Hyundai Elantra, or the rest of the even-more-Euro-stylish Kia lineup, it's perky-driving, well equipped, and smartly laid out—as well as very cheap over the long run.

 

2013 Toyota Corolla S

2013 Toyota Corolla S

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Toyota Corolla (Base)
MSRP: $16,230
Depreciation over five years: $9,327
Average annual insurance: $1,093
EPA fuel economy: 27 mpg city, 34 highway (manual)
Five-year total cost of ownership: $30,435

Of all the models on this list, the presence of the Toyota Corolla is one that's probably not at all surprising. Toyota has remained focused over decades in keeping this well-recognized nameplate's reputation as a low-priced, dependable sedan, with low running costs to boot. The current Corolla is one of the blandest, most innocuous compact sedans on the market, but its cabin is quiet and surprisingly comfortable—and even this base Corolla L now gets features such as power windows, keyless entry, and air conditioning.


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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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