There are plenty of bargain-priced cars, trucks and crossovers, but that doesn’t always mean they add up to a good deal. Smart shoppers know that there are lots of ways costs can quickly get out of control when you own a car, from insurance to fuel economy to maintenance and repairs.
And that’s why a new study from Kelly Blue Book is focusing on what really matters: the total cost of ownership. And there, the data-tracking website concludes, Kia is the clear stand-out, as the top brand among all manufacturers when the entire ownership experience is tallied up. Audi, meanwhile, was the number one luxury brand in terms of total cost of ownership.
“Car shoppers should take the time to compare vehicles on their consideration lists to fully understand the financial implications involved with cost of ownership,” said Juan Flores, director of vehicle valuation for Kelley Blue Book. “While a vehicle might be less expensive up front, the cost of fuel for that model, insurance and other expenditures could make it the less appealing choice for their wallet in the long run.”