Cheapest New Cars to Own

© Mike Meredith, Automotive Content Experience© Mike Meredith, Automotive Content Experience
Toyota, Lexus Top Brands
“Choosing a car with low ownership costs can help shoppers save a significant amount of money over time — often several hundred and sometimes even thousands of dollars,” said Eric Ibara, director of residual values for Kelley Blue Book. Ibara also noted that Toyota won as the top 5-Year Cost to Own Brand for 2021. “Toyota’s high residual values were the primary contributor toward the brand’s low ownership costs,” observed Ibara. Toyota’s Lexus brand also bested all others for 2021 as the top 5-Year Cost to Own Luxury Brand, since Lexus models were big winners in some key premium categories. Here are 2021 model-year vehicles that KBB says will be least costly to own, listed by category.

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