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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."


 

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