Three Hyundai models have the lowest cost of ownership in their first five years, according to Kelley Blue Book and kbb.com.
The 2013 Hyundai Veloster, 2013 Hyundai Veloster Turbo and 2013 Hyundai Sonata will have the least expensive ownership of any model in their class, according to annual study released by Kelley Blue Book and kbb.com Tuesday.
Kelley Blue Book’s 5-Year Cost to Own Award accounts for nearly all expenses of car ownership, including depreciation, expected fuel costs, finance and insurance fees, maintenance and repair costs, and state fees for new models. The awards exist to help shoppers make more informed new-car buying decisions by breaking down typical ownership cost details and naming the brands and models with the lower projected five-year total.
“The 5-Year Cost to Own Awards honor the vehicles and brands, both luxury and non-luxury, with the lowest projected ownership costs,” said Dan Ingle, vice president of vehicle valuations for Kelley Blue Book, in a release from Hyundai. “Highly competitive pricing and lower depreciation costs provide Hyundai’s vehicle line-up with a notable advantage. Coupled with impressive fuel economy and affordable insurance rates, it is no surprise that Hyundai is taking this honor in multiple vehicle segments.”
The 2013 Hyundai Sonata has an estimated $38,232 5-Year Cost to Own according to KBB’s study. This places it in the top ten overall among all classes and the best among Mid-Sized Cars. One of the top reasons Kelly Blue Book chose the Hyundai Sonata was America’s Best Warranty, 10-year, 100,000 mile warranty. The Sonata is one of the most stylish and highest selling models on the road today. With its great style, the Sonata built off what worked for 2013.
The 2013 Hyundai Veloster Turbo is new vehicle for 2013. It’s also the Sporty Compact Car Winner winner for 2013, with a 5-year cost of ownerhsip at $35,607 — the fifth lowest total. The great warranty helped put it in the top 5, and KBB says adding the Turbo option was big positive.
The non-Turbo 2013 Hyundai Veloster was named Best Compact Car Winner, finishing second overall in KBB’s annual study. The estimated 5-year annual cost to own totals just $30,902. KBB says there is a lot to love in this less than $20,000 vehicle. They loved the 3-door option, and great tech features.
Learn more about the Hyundai lineup, and remember that a great warranty and reliability lead to a low cost of ownership.