Are you looking for a sedan with the lowest cost of ownership? Believe it or not, the list price is just the first thing that you have to take into account. The total cost of ownership (TCO) of a vehicle is the main factor to consider. Always think about this first in order to make a good decision.
TCO practically means how much the vehicle is going to cost you during your ownership (purchase to sale). It is relevant because it includes many factors like servicing, depreciation, insurance, and fuel costs, not just list price.
All the cars presented below are very good options when looking for a very low cost of ownership. However, this does not mean that you can simply buy one of these models and expect the TCO to be the best. You have to conduct research and learn how to buy a car first. After you do that, consider the following great sedans.
Look for model 1.2 with Dualjet SHVS 90 SZ3 for the best TCO. Suzuki Swift is a fun option for sedan lovers. It is a supermini that is lightweight and offers pleasant driving experience, all while being fuel-efficient and cost-effective. The mentioned 1.2 Dualjet includes some mild-hybrid technology so it has to be recommended. This sedan offers over 56 miles per gallon and the five-speed gearbox is appreciated by most reviewers. Basically, the car is swift and cheap while being a joy to drive.
Try to find a Skoda Fabia 1.0 MPI 60 S and you will not regret it. This supermini is unpretentious and offers a very smart ownership proposition since it is economical, well-made, and highly practical. Fuel economy is high and the exact same thing can be said about overall running costs.
The only problem is that you should not buy the cheapest version you find. Opt for the highlighted model, even if it offers only 69 bhp. You will quickly figure out that it is very cheap to run, cheaper than more popular sedans, like the VW Polo or SEAT Ibiza.
The predicted cost to own over the duration of 5 years for the Honda Accord is just $35,185, making it a sedan that we absolutely need to consider. When you opt for special extended car warranty policies like the Olive insurance solutions, these ownership costs can actually go down.
The Honda Accord is a favorite among owners for 10 generations now. Its manual transmission is still very strong and the buying price is also quite low, under $25,000.
Look for the Mitsubishi Mirage 1.2 80 Verve and you will find a great car to own. While the Mirage was not every popular in the past because of its design, this changed with the recent facelift. However, remember that if you go for some of the more expensive/performant models, the TCO is not that great.
When looking at 3-cylinder engines, it is very hard not to consider the Mitsubishi Mirage. Even so, we have to highlight the fact that driving does not deliver many characters, especially since power delivery can only be described as being lumpy. Maybe you are better off looking at some of the rivals.
Dacia Logan MCV
Dacia is renowned, especially in Europe for the Duster 4X4 and the supermini Sandero. However, when looking at TCO, the Dacia Logan MCV 1.0 SCe 75 Access is something to really take into account. This MCV actually uses the platform of the sibling and the same exact trim structure, all this for just around $2,000 more than the Sandero.
Just as with the Dacia Sandero though, Logan Access stands out as a very basic option if we are to look at the kit. You will have access to an impressive 573 liters of boot space when in the vehicle’s 5-seater mode. This is very competitive even with the estate offered by the really large family hatchbacks. Given the fact that the TCO is so low, this Logan gives you an incredible boot-space-per-pound ratio, better than most cars available on the market right now. If your budget is particularly low but you need a car that is very practical, you simply have to take the Logan MCV into consideration.
For people that are really familiar with cars, this will not be a surprise. Just as with the MCV, you want to go for the Dacia Sandero 1.0 SCe 75 Access for the best possible TCO. If you decide to do this, you will find out quickly that this car costs little to nothing to run and maintain.
The Access trim, which is practically the barebone model, features a 1.0 liter 72 bhp engine and is under $10,000 to buy new. This is a very small amount for any car that you would want to buy new at the moment.
The only problem with the Sandero is that it is a very basic proposition. It was practically created to be very cheap from absolutely all points of view. This means you will get white paint, very basic plastic bumpers, and steel wheels that feature plastic trims. You will not get much comfort when driving since there is no AC and no radio. The mirrors and windows are manual. All of these do keep costs down though. Although a great option for those on a tight budget, you might want to seriously consider an upgrade to the Essential Model since it at least adds AC and radio.
All the cars mentioned above offer you very low ownership costs and you can easily enjoy driving them for years to come because of overall high reliability. However, this does not mean that there are not other sedans out there with a good TCO. These are just the best.
Make sure that you carefully consider your budget and needs when you buy any car. Even if you just think about TCO, other facts, like driving habits and towing capacity needs do have to be taken into account.