How much will your car really cost?
and Toyotas hold their price well, says Reed.
is a big part of the reason the Jeep Patriot made the "least expensive"
list, says Reed. "Jeeps have a tendency to have loyal owners," he says.
"The depreciation is low."
Even though it makes the
"most expensive" list, the resale value on a Porsche 911 "is extremely
strong," says Reed. What make it so costly are insurance and purchase price,
Impact of insurance
About that insurance. When you're estimating the real cost of ownership, it's
a fairly significant piece of the pie, says Reed.
are increasingly looking more at the region and the owner's driving record, Rosten
says, more expensive cars are more expensive to insure.
factors likely to raise premiums aren't a big mystery either. "Any car that
is fast, expensive or perceived as dangerous, it's going to have an impact,"
And that makes the high performance (read "fast")
cars especially expensive.
"These are dream cars for
people, and when they get them, they drive them like that," Reed says."
You lose your perception of how fast you're going in a premium car."
is another component. With so many trucks and jumbo SUVs on the road, the perception
of safety is an issue for smaller cars, says Reed.
Financing is obviously a big piece of the
total-cost puzzle. Special financing through
the manufacturer's financing arms varies from
model to model, Rosten says. When buyers can
get them, loans from the manufacturer's own
credit companies often offer the best deals,
he says. "Some offer zero percent for
up to six years," he says. You can compare
up-to-date auto loan rates in your area at
loan home page.
And who can forget gas
mileage with pump prices seeming to rise each week? The 10 vehicles that made
the "least expensive" list "are all fuel efficient cars, with the
exception of the Jeep Patriot," says Reed.
two Honda Civic versions that average 29 miles per gallon (mpg) combined city/highway,
while a third with a larger engine gets 23 mpg, according to EPA estimates. A
natural gas Civic gets the equivalent of 28 mpg, and the hybrid averages 42 mpg.
Posted: August 1, 2007