When you are in the market for a new car one of the most important things to remember is the total cost of ownership. It is important to think about things such as gas mileage, repair costs and cost of new tires. This is all in addition to the actual purchase price of the car. So, even if you are getting a great deal on a new car in terms of sale price you must consider what it is going to cost to keep the car on the road. If you buy a car that has a high cost of owner ship you will need to be prepared to make costly repairs when the time comes because the parts for the car are more expensive then parts for other cars. In addition, a car with a high cost of ownership may get poor gas mileage. In this case, you will be stuck spending extra money at the pumps every few days in order to keep the car on the road. Also consider things such as tires. If a car has big tires then they are going to be expensive to replace. For example, tires on an SUV are more expensive to replace than tires on a compact car. All of these little things come into play. If, on the other hand, you own that compact car your total cost of ownership will be much less. When you need to fill it up it won’t cost as much because the tank will be smaller and it will be getting better gas mileage than a bigger car. Also, when it comes time to change the tires your cost will be significantly less because the tires will be cheaper. At the end of the day, there is some real value in buying a car that has a low cost of ownership associated with it.
The Ford Focus is a car that has a reputation of being inexpensive to own. The reasons for this are rather simple. The Focus is a reliable vehicle that gets good gas mileage and has low repair costs. A new Focus will start off at about $17,000 or so and it is well worth the price. If you decide to spend this much money on a Focus as opposed to less money on a cheaper car you will come out on top in the long run. The Focus may cost a little bit more up front, but over the life of the car the total cost will be much cheaper. The Focus is as reliable as they come so it will not need to be serviced every other week. In addition, you will be able to get great gas mileage so you will be able to consistently save at the pumps.
Hyundai Accent is another vehicle that is considered low cost to own. The Accent retails for around $14,000 and is thought of as a well built vehicle that is virtually maintenance free. As with all Hyundai’s, a new Accent will come with a 10-year 100,000-mile warranty. Having this warranty will allow you to sleep easy at night for the duration of ownership. The warranty will cover any major defects regarding the car as long is it is under the required amount of years and mileage. On top of all that, the Accent comes standard with many options that make it attractive to most buyers in who are looking in this price range.
The Subaru Impreza is known to be a very cheap vehicle to own. Again, the reasons for this are simple. The Impreza is a vehicle that is reliable and gets great gas mileage. Furthermore, its standard factory options are hard to beat. One of the real nice advantages of owning an Impreza is that the cost of insurance is usually a bit lower on this make and model. This fact alone helps to drive down the total cost of ownership. You can purchase this car knowing that you will not have to pay an arm and a leg in insurance premiums. Of course, the exception is an owner with a poor driving history. Regardless of what vehicle this owner drives the insurance is going to be higher because of their checkered past.