Share to twitterThe 2020 Toyota Corolla Hybrid is among the cheapest cars of the year to own, according to KelleyThough short-term auto leasing has swelled in popularity over the last several model years, a great many more motorists remain in it for the long haul. The average owner holds onto a car, truck, or sport-utility vehicle for around seven years these days and finances it for nearly that long.
Among mainstream automakers, KBB cites Subaru as having the lowest overall ownership costs for its stalwart resale values across the its lineup. Meanwhile, Acura takes top honors among luxury brands, with many of its vehicles delivering relatively low operating costs. The model among those cited predicted to be the cheapest to own for five years is the 2020 Toyota Corolla Hybrid at $30,918.
Though fuel prices have remained relatively stable and affordable in recent years, the cost of keeping the tank filled can still add up over time. According to the EPA’swebsite, choosing a vehicle in a given class that gets 10 additional miles per gallon than another will save an owner driving 15,000 combined city and highway miles annually $2,000 over a five year period.
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