23 Cars That Are Cheapest to Own Over 5 Years

Advertising Disclosure: When you buy something by clicking links on our site, we may earn a small commission, but it never affects the products or services we recommend.

Happy driver
Ground Picture / Shutterstock.com

We’re all pinching pennies these days, and buying the right car can help you hold on to more of that cash.

Kelley Blue Book ranks various types of cars based on how cheap they are to own over a five-year period.

In addition to looking at both the price you pay to buy the car, and the resale or trade-in value when you are ready for a new vehicle, Kelley Blue Book also looks at other factors such as:

  • Depreciation
  • Insurance
  • Maintenance costs
  • Fuel costs

The cheapest new cars to own over the course of the first five years, according to KBB’s latest annual analysis, are as follows. All vehicles listed are from the 2022 model year.

SUVs

  • Subcompact SUV: Hyundai Venue — $30,555 five-year cost to own
  • Compact SUV: Subaru Forester — $39,473
  • 2-Row Midsize SUV: Subaru Outback — $43,973
  • 3-Row Midsize SUV: Subaru Ascent — $48,383
  • Full-Size SUV: Nissan Armada — $69,416
  • Off-Road SUV: Ford Bronco — $47,961
  • Subcompact Luxury SUV: Lexus UX — $46,424
  • Compact Luxury SUV: Lexus NX — $51,227
  • 2-Row Midsize Luxury SUV: Lexus RX — $62,099
  • 3-Row Midsize Luxury SUV: Acura MDX — $60,530
  • Full-Size Luxury SUV: Lexus LX — $88,956

Cars

  • Compact car: Toyota Corolla — $31,464
  • Midsize car: Honda Accord– $38,713
  • Full-Size car: Toyota Avalon — $51,123
  • Sports car: Subaru BRZ– $40,397
  • Entry-Level Luxury car: Acura ILX — $41,192
  • Luxury car: Volvo S90– $67,365

Trucks, EVs, Minivans

  • Hybrid car: Toyota Corolla Hybrid — $31,231
  • Electric Vehicle: Nissan Leaf– $34,134
  • Electric Luxury Vehicle: Tesla Model 3– $48,233
  • Minivan: Toyota Sienna — $44,376
  • Midsize Pickup truck: Ford Ranger — $40,267
  • Full-size Pickup truck: Toyota Tundra — $47,679

Kelley Blue Book notes that overall, the best brand to buy is Toyota. Among luxury brands, Lexus finished first.

If you’re planning to buy a new set of wheels, check out “13 Apps That Can Help You Shop for Cars.”

Get smarter with your money!

Want the best money-news and tips to help you make more and spend less? Then sign up for the free Money Talks Newsletter to receive daily updates of personal finance news and advice, delivered straight to your inbox. Sign up for our free newsletter today.