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Compact/Subcompact Cars: Toyota Prius IV
Just because a car is cheap doesn’t mean it’s a good value. Taking into account the five-year owner cost of a vehicle which factors in depreciation, fuel, insurance premiums, interest on financing, sales tax and cost for maintenance and repairs, a better picture is painted on whether or not a vehicle is a good bang for your buck.
Consumer Reports has revealed this year’s best new-car value winners, which also takes into account the publication’s evaluation of the car. The less a vehicle costs to own over time, the better value it is.
Headlining the list is the best value car in the compact/subcompact category, the Toyota Prius IV. The Prius also takes home the accolade of being the best overall value for the second straight year.
According to Consumer Reports, the Prius costs just 47 cents per mile to own over five years. Of course there’s also the fact that the Prius gets 44 mpg overall, offering the best fuel economy of any non-plug-in car that the publication has ever tested. And though it’s not exactly the cheapest car on the market, its depreciation is so low that it costs less to own over five years than its initial MSRP. The Toyota Prius IV has a starting MSRP of $29,245 including destination.
Like it or not Consumer Reports is an extremely influential publication. Buyers pay close attention to the products they recommend, especially when it comes to cars. If a particular vehicle fails to earn the outlet’s accolades you can bet people will shy away. Surprisingly two Japanese luxury sedans failed to make the grade.
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