Kelley Blue Book recently issued a report indicating which car brands and models were projected to have the lowest cost of ownership. The new and used car information website based information on their 5-Year Cost to Own data, which assess the value of new cars five years after ownership.
KBB says that depreciation can be the greatest cost associated with a car, yet many consumers do not take this into account when making a purchase. In addition, KBB factored expected fuel costs, finance and insurance fees, maintenance and repair costs and state fees for new models to their 5-Year Cost to Own data.
“New-car shoppers often are most concerned with the upfront cost of a vehicle; however, consumers would be wise to consider their purchase from a more holistic standpoint by examining the total cost to own a vehicle over the initial five-year ownership period,” said Dan Ingle, vice president of vehicle valuations for Kelley Blue Book. “Kelley Blue Book's 5-Year Cost to Own information allows consumers to evaluate which brands and models make the most sense for their pocketbooks as they prepare for a major purchase decision in buying a new car. This year's winners provide the top options in multiple categories and at the brand level.”
KBB named Mazda the winner of its 5-Year Cost to Own brand category. In addition, the Mazda MAZDA5 was featured as the winner of the minivan/van model category.
"This award celebrates everything Mazda has been working toward over the past few years so we are honored to receive this recognition from KBB.com," said Jim O'Sullivan, president and CEO, Mazda North America. "As we move forward with our new sixth-generation of products that showcase improved quality, fuel efficiency and driving dynamics, owning a Mazda will continue to be an enjoyable experience that doesn't have to break the bank to maintain."
Keep a car clean to fight against depreciation
As the years roll on, too often to auto owners feel there is nothing they can do to fight against their vehicle's constantly depreciating value. There is an answer. Husky Liners® vehicle floor mats are available to protect a car's interior from damage and curb the cost of depreciation.
In addition to safeguarding a vehicle with reliable liners, auto owners can keep a car's value high by making sure to follow scheduled maintenance and repairs. The car owner's manual is the best source to correctly caring for a vehicle.