Top 10 Cheapest Cars to Own Over 5 Years: 2017

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Top 10 Cheapest Cars to Own Over 5 Years: 2017

The 2017 Kelley Blue Book 5-Year Cost to Own award winners have been announced.

When it comes to owning a vehicle, its purchase price is just the beginning. There’s also the continuing costs of fuel, financing, insurance and depreciation that affects the true cost of ownership. So even though two cars may have similar sticker prices, their 5-Year Cost to Own value could differ dramatically.

SEE ALSO: Top 10 Cheapest Cars to Maintain Over 10 Years

To create the 5-Year Cost to Own projections, Kelley Blue Book calculates expected ownership costs down to the model level, using actual new-car sales figures. It weighs more popular trim levels more heavily, to more accurately convey what owners can expect to experience in terms of cost of ownership over time. Here are the top 10 cheapest vehicles to own over five years according to Kelley Blue Book.

10. Jeep Patriot

2017-jeep-patriot

Finishing second in the Compact SUV/Crossover category, the Jeep Patriot is the 10th cheapest vehicle to own over five years with a cost of $35,727. It has a starting price under $19,000 and offers all the versatility you would expect from a Jeep model.


9. Ford Fiesta ST

2017-ford-fiesta-st

The Ford Fiesta ST is one hot hatch, offering a fun-to-drive experience in a compact package. It’s also the cheapest Sporty Compact Car to own according to Kelley Blue Book, with a 5-Year Cost to Own of $35,433. You can drive off the lot with a Ford Fiesta ST for around $22,000 and even a fully loaded model will cost you just over $25,000.


8. Subaru Crosstrek

2017-subaru-crosstrek

With an estimated cost of $34,957 to own over five years, the Subaru Crosstrek is the cheapest Compact SUV/Crossover. It’s a suitable wagon alternative, says Kelley Blue Book, offering up to 52 cubic feet of cargo space behind the front seats. Its base price starts below $23,000 and its fuel economy returns a respectable 33 mpg on the highway.


7. Honda HR-V

2017-honda-hr-v

The Honda HR-V is just one of many fishes in the crossover sea, but it’s also the cheapest to own over five years. Earning top honors in the Subcompact SUV/Crossover category, the Honda HR-V has a 5-Year Cost to Own of $33,722 thanks to its starting price of about $20,500 for a base model.


6. Volkswagen Jetta

2017-volkswagen-jetta

The Volkswagen Jetta is one of the least expensive ways to get behind the wheel of a German vehicle, with a 5-Year Cost to Own of $32,741. It also finished third place in the Compact Car category.


5. Hyundai Elantra

2017-hyundai-elantra

The Hyundai Elantra finished second in the Compact Car category with a 5-Year Cost to Own of $32,400. The compact sedan was revamped for the 2017 model year, bringing plenty of changes with new, more attractive styling.


4. Toyota Corolla

2017-toyota-corolla

There’s a good reason the Toyota Corolla is consistently one of the best-selling cars in America. Kelley Blue Book estimates its 5-Year Cost to Own at $32,251 and for the fourth year in a row, the Corolla takes top honors in the Compact Car category. The 2017 Toyota Corolla starts at just over $19,000 offering buyers fuel economy of up to 40 mpg and plenty of options like a seven-inch infotainment system and Toyota’s suite of safety features.


3. Toyota Yaris iA

2017-toyota-yaris-ia

Initially introduced as the Scion iA, Toyota has since killed off its youth-oriented brand and brought in its lineup under the Toyota nameplate. The Yaris iA is one of the cheapest cars to own over five years, with an estimated cost of $30,033.


2. Nissan Versa

2017-nissan-versa

With a 5-Year Cost to Own of $29,466, the Nissan Versa is an attractive option for those looking for decent interior space in a reliable package. Starting at less than $13,000, the Nissan Versa has one of the cheapest sticker prices, making it an attractive option for all.


1. Chevrolet Spark

2016-chevrolet-spark

For the third time in four years, the Chevrolet Spark is the 5-Year Cost to Own champion in the Subcompact Car category. What an estimated 5-Year Cost to Own of $28,216, the Spark is also the cheapest car to own overall. It’s not a huge surprise considering the Spark is one of the cheapest available vehicles in today’s market, with a starting price under $14,000. But its fuel economy ratings that top 40 mpg on the highway makes it the most affordable new car of 2017.

Discuss this story on our Chevrolet Spark Forum

  • Lawrance

    This list blows. The true cost of ownership should be calculated by selling the car at the 5-year mark. Then you’ll know the true cost. That would also level the playing field for higher end cars since the sale price would offset the original purchase price. – I once bought a year old Honda Element. Sold it after 3 years. Did the math and figured out my TOTAL cost for 3 years of ownership was $3,780, or $105/month! (I did not included gas or insurance, since ALL cars require that.)

  • Robb49

    If you expect your Hyundai, especially the Elantra, to last five years, park it in the garage and drive something else. Because as sure as you drive it on normal roadways with the normal pot holes and railroad crossings for a few years, you will find out just how cheaply built the things are. It’s a significant statement about Hyundai quality when mechanics tell you the suspension can’t be aligned because the factory was to cheap to include a way to adjust it. It’s a good two year car. Get rid of it after that.

  • smartacusⓊ

    Good list:
    i did expect the Elantra, Spark, iA, Corolla, and Fiesta to be on it
    and i noticed the Honda Fit did not make the cut.

  • Malik

    Last year, Hyundai/Kia has been reported as the top build quality. They have come the long way since then. To the extent, the build quality can withstand any noise of road and wind, not to mention fine suspension. In the next ten years, i expect Hyundai/Kia to lead the automotive industry since they are way ahead of the modern technology which will be expected in the foreseeable Genesis brands.

  • Robb49

    All they’ve proven so far is a willingness to abandon their owners and leave them the cost of fixing the faults they engineered into the vehicles to make them as CHEAP as possible. The Internet is a great reference for people to check before buying because the complaints of frustrated customers stay there forever…As they should. Who wants to be a guinea pig for next round of faulty cars? If you want the quality of a Toyota, buy a Toyota. If you want the Dollar Tree copy of a Toyota, buy a Hyundai.

  • Malik

    It all boils down to the individual dealership. That being said, if you pay cheap, you get cheap product. If you want premium product, then Genesis is the one you want. Most people who have purchased Hyundai/Kia have no regret so far including us too. Some get bad luck and some don’t. Compared to the past, this Hyundai/Kia has come the long way, and now rated top build quality in accordance to Consumer Report.

    What is in the past is not necessarily the same in the present and the future. Nissan is the prime example that had deteriorated so badly recently. Don’t judge by the cover nor the past reputation either.

  • Nathan N Michelle Mikoski

    That’s just not true, I have an 04 with 270,000 miles on it that spent 10 in the rust belt and the rest in a rural setting with plenty of dirt roads. Its needed no major repairs and the only fault has been a pesky passenger air bag sensor.