When considering the cost of vehicle ownership there are a lot of things to consider. Firstly there is, of course, the price you actually pay but on top of that is how much it will cost to ensure reliability, fuel economy, and maintenance costs. Paying a fair price is important, however, if you really want the most cost effective new car you will have to look beyond the purchase price. The following list of most cost-effective vehicles for 2018 is based on 5-year cost-to-own figures by Kelly Blue Book that combines depreciation, fuel, insurance, and financing cost to help consumers make a more informed decision when considering an affordable new car.
- 2018 Toyota Yaris iA
The sub-compact Toyota Yaris iA is a worthy challenge to the quirky Chevy Sonic, the sportier Ford Fiesta and the Hyundai Accent. You will like the Yaris iA if you are looking for a compact value-oriented vehicle with an excellent warranty. It has all the comforts and luxury of a sedan and the fuel mileage is unbelievable.
- 2018 Hyundai Elantra
In line with the rest of Hyundai’s lineup, the new 2018 Elantra features premium amenities, stylish looks, a class-leading 10-year/100,000 mile warranty.
- 2018 Nissan Versa Note Hatchback
Among the subcompact segment, the Versa Note is the roomiest hatchback and the most flexible. As one of the most affordable cars in its segment, it is thrifty and practical and offers fuel economy of 30 miles per gallon on the open road. It has a basic warranty of 3 years/36,000 miles and a cargo space that seats five comfortably. Last year, for the fifth consecutive year, the Nissan Versa Note was named the best back-to-school car by KBB.com
- 2018 Toyota Corolla iM
This car has the comfort of a sedan but the reliability and versatility of a hatchback. Even at its sub-base price, it offers a host of standards safety features usually provided in vehicles that cost a lot more.
- 2018 Mitsubishi Mirage
The Mitsubishi Mirage is one of the most affordable vehicles on the market and offers a 5 years/60,000 mile warrant. It offers 43 miles per gallon on the highway and has seating for 5 people.
- 2018 Honda Fit
The Honda fit has excellent front and rear seat room, great cargo utility, and is an inexpensive fun to drive character car suitable for college students or young singles.
- 2018 Kia Rio
If you want a great looking small car that performs well with great gas mileage, the Kia Rio sedan or 5-door offers excellent value for money with 36 miles per gallon on the highway and a 5-year 60,000 mile warranty.
- 2018 Hyundai Accent
Toyota has totally redesigned their Accent to offer upscale technology in a fuel-efficient sedan. It offers 36 miles per gallon on the highway and an excellent 5 year/60,000 mile warranty.
- 2018 Chevrolet Spark
Young buyers will appreciate the high tech that went into this peppy minicar. A relatively long wheelbase provides nimble handling and stability for a smooth ride. With only 98 horsepower it is not the quickest on the road but compares well to other sub-100 horsepower vehicles.
- Fiat Pop
The cute, sporty Fiat Pop was ranked by KBB.com as one of the top coolest ‘under $25,000’ cars last year. Its powerful engine offers a fun driving experience and it has a 5-inch full-color touch screen.
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