They tend to be pricey purchases, but here’s which models will save their owners the most money over time.
In a separate post, we outlined why it’s important for new-car shoppers to consider a vehicle’s operating costs – including depreciation, fuel economy, repairs and maintenance, and insurance premiums – to ensure they’re getting the best possible deal over time. It’s especially important consideration for those in the market for an SUV/crossover, minivan, or pickup truck that command higher sticker prices than otherwise comparable sedans, simply because there’s more money at stake to lose. Pickups in particular have become extremely pricey purchases at the top of their respective model ranges, with luxury equipped four-door crew-cab models easily breaking the $60,000 barrier.
While this might otherwise involve a great deal of research, fortunately the valuation mavens at Kelley Blue Book keep close track of such things, predicting long term ownership costs for each model in its pricing database; the site even computes a per-mile expenditure for easy comparison. We’re featuring the six cheapest to own models in each of a half dozen light-duty truck segments that, together, currently outsell passenger cars by about a two-to-one margin.
We’re featuring the least costly to own SUVs, pickups, and minivans for the 2018 model year in the accompanying slideshow; figures cited are for base models with standard powertrains and equipment. Click here if you’re looking for a list of the most frugal-to-own sedans and hatchbacks, including hybrid and electric-powered vehicles.