auto

10 cheapest cars to own: Mitsubishi i-MiEV ES

Auto » 10 Cheapest Cars To Own: Mitsubishi i-MiEV ES

10 cheapest cars to own in 2012
SIMPLE IRA
  • Mitsubishi i-MiEV ES

  • Price: $29,125
  • Gas mileage: 26 city mpge*/99 mpge highway
  • Five-year cost to maintain: $30,729
  • Cost per mile: 41 cents

The only all-electric car on our cheapest cars to own list uses a "miles per gallon equivalent" because it doesn't use gas. The iMiEV is helped along in the TCO department with an average annual fuel-cost rating that's about $4,000 less than the next lowest car on this list, which is the Honda Insight.

It is also eligible for a $7,500 federal tax credit. Its 49-kilowatt electric motor spins out 66 horsepower. It takes up to seven hours to charge, using a 240-volt hookup like your clothes dryer uses. Its peak range is just more than 62 miles.

Among its standard features are full power accessories, air conditioning, a split-folding and reclining rear seat, and a four-speaker audio system with CD player.

*This car's mileage is written as "miles per gallon equivalent," or "mpge."


 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
 

A little research could save you BIG on interest.

Don't have time? Our rate-tracker tool saves you time and money. Delivered Thursdays.
 
advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

Labor Day road trips to increase

AAA Travel projects that 34.7 million Americans will travel more than 50 miles from home this Labor Day weekend, the highest volume since before the 2008 recession.  ... Read more


Connect with us