2016 5-Year Cost to Own Awards: Best Brands

5 Year Cost to Own Header

There's more to buying a car than comparing prices. You also need to consider how much ownership will cost you over the next five years. That means looking at a variety of features, such as expected depreciation, the cost of fuel, and how much maintenance the vehicle will need.

While it's difficult to determine exactly how much ownership will cost, there are clear trends that you can use to decide which brands give you good deals. For 2016, you should focus on vehicles made by these four companies.

Hyundai

5 Year cosst Sonata

One look at a car lot shows that Hyundai has competitive prices. The Hyundai Sonata, for instance, has a starting MSRP of just $21,750. You won't find many midsize sedans that can compete with that price. It's even harder to find similarly priced vehicles that come with long lists of standard features that include:

     
  • Automatic headlights
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  • A rearview camera
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  • Bluetooth connectivity
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  • Heated mirrors
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  • A seven-inch touchscreen display
 

Hyundai has also proven that it can build solid vehicles that don't need much maintenance to run well. If you're looking for a fuel-efficient vehicle, the Sonata Hybrid and Sonata Plug-In Hybrid are excellent options that will help you save money by avoiding gas pumps.

 

All of these variables helped Hyundai take first place in Kelley Blue Book's 2016 5-Year Cost to Own Awards.

 

Acura

 5 Year Cost - Acura 

Acura is a luxury car brand, so don't expect to get a price that's as low as those offered by Hyundai. The 2016 Acura ILX, which is similar to the Sonata, starts at $27,900. By the time you add the features you want, you can easily spend over $30,000.

 

Still, the company gives you more for your money than most luxury brands. Acura vehicles are noted for their fuel efficiency and cutting-edge features. They also retain their value well, so owners can recoup some of their money by selling the vehicles in a few years.

 

Nissan

5 Year Cost - Nissan 

When it comes to cheap subcompact cars, the 2016 Nissan Versa gives you excellent value that you can't ignore. Considering that you can buy one for about $13,000, it makes sense that a lot of consumers take the Versa for test drives. Since the Nissan Versa gets a combined 40 mpg, you'll also save money on gas.

 

You won't run into problems until you try to sell a Versa. While the car has its perks, there aren't a lot of consumers willing to look beyond its bland exterior.

 

Ford

5 Year Cost - Ford 

Ford has gotten a lot of criticism over the last couple of decades. In many cases, the company deserves it. The 2016 Ford Focus ST, however, stands out as an admirable compact car with a sporty personality.

 

The Focus ST has a reasonable price (starting at $24,425), yet its engine still manages to deliver 252 horsepower and 270 pound-feet of torque. That power cuts into the fuel efficiency a bit, but you can't deny that the Focus ST is fun to drive. That will come in handy when you're trying to squeeze a couple hundred more dollars out of the person who buys it from you five years from now.

 

There are a lot of things to think about when buying a new car. This year, make sure you think about more than sticker price so you can get more value for your money.

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