If you plan on being successful in your business, work place or financial and familial arrangements, you might take notice that everything starts with a long-term investment “strategy”.
That would entitle you to look beyond the value of an asset on a given day – and in our case we’re talking about cars, naturally. Those aspiring to get the absolute best deal on a new car or truck should look way beyond the transaction price and tally the costs over time. While today we have the power of the Internet of Everything at our fingertips, the task of researching every single element that influences ownership costs over time, then comparing it to rival makes and models might prove utterly time consuming. But there’s a salvation – the guys at Kelley Blue Book have a comprehensive database of the running costs and have winners for their annual Five-Year Cost to Own Awards. “New-car shoppers usually pay a lot of attention to how much a car will cost upfront,” comments Dan Ingle, vice president of vehicle valuations for Kelley Blue Book. “However, sometimes an even more expensive car on the front end can actually save you money.“
The two overall brands that have the lowest overall ownership costs for 2015 models are Subaru – in the mass-market category and Lincoln in the premium segment. Among automakers, General Motors had the largest number of models to win category prizes among the 22 separate segments – nine cars, trucks and SUVs/crossovers. The best jack of all trades – with the most-affordable vehicle classification overall was the 2015 Chevrolet Spark at $26,905.