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
CAR & MONEY NEWSLETTER

Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.

advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

Cheap gas boosts holiday travel

With gas prices at the lowest they have been for Thanksgiving in five years, holiday travel this year will be up significantly, says AAA.  ... Read more


Connect with us