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    Thread: Comparison: Chevy Aveo least expensive car to own (total cost of ownership) in US

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      Comparison: Chevy Aveo least expensive car to own (total cost of ownership) in US

      The article quoted was written mainly to show that hybrids don't necessarily save the owners any money at current ( 2008 ) gas prices, compared to other cars.

      Surprise, surprise: turns out purchase price is one of the biggest factors in total cost of ownership (TCO).

      And... turns out the winner was a base Aveo hatchback, 1.6L, manual transmission.

      the new Edmunds TCO study uses purchase price, depreciation and the average annual costs of fuel, financing, insurance, routine maintenance and repairs based on five years of ownership at 15,000 miles a year to compute the cost-per-mile of the hybrids and the least expensive conventional models in every manufacturer's lineup.
      Lowest TCO over 5 years, 2008 data:

      1. $0.427/mi. - Chevrolet Aveo "Special Value" 4-door hatchback, 1.6, 5-speed manual
      2. $0.429/mi. - Hyundai Accent GS, 2-door hatchback, 1.6, 5 speed manual
      3. $0.442/mi. - Honda Fit, 4-door hatchback, 1.5, 5 speed manual
      4. $0.445/mi. - Toyota Yaris 2-door hatchback, 1.5, 5-speed manual
      5. $0.455/mi. - Honda Civic DX, 1.8, 5-speed manual
      6. $0.463/mi. - Mazda3 iSport, 2.0, 5-speed manual
      7. $0.464/mi. - Kia Rio sedan, 1.6, 5-speed manual
      8. $0.467/mi. - Scion XB wagon, 2.4, 5-speed manual
      9. $0.468/mi. - Toyota Corolla CE sedan, 1.8, 5-speed manual

      34th place: Toyota Prius - 49.4 cents a mile

      Source: "Hybrids Don't Shine in True Cost To Own Study" Green Car Advisor



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      Quote Originally Posted by MetroMPG View Post
      The article quoted was written mainly to show that hybrids don't necessarily save the owners any money at current ( 2008 ) gas prices, compared to other cars.

      Surprise, surprise: turns out purchase price is one of the biggest factors in total cost of ownership (TCO).

      And... turns out the winner was a base Aveo hatchback, 1.6L, manual transmission.



      Lowest TCO over 5 years, 2008 data:

      1. $0.427/mi. - Chevrolet Aveo "Special Value" 4-door hatchback, 1.6, 5-speed manual
      2. $0.429/mi. - Hyundai Accent GS, 2-door hatchback, 1.6, 5 speed manual
      3. $0.442/mi. - Honda Fit, 4-door hatchback, 1.5, 5 speed manual
      4. $0.445/mi. - Toyota Yaris 2-door hatchback, 1.5, 5-speed manual
      5. $0.455/mi. - Honda Civic DX, 1.8, 5-speed manual
      6. $0.463/mi. - Mazda3 iSport, 2.0, 5-speed manual
      7. $0.464/mi. - Kia Rio sedan, 1.6, 5-speed manual
      8. $0.467/mi. - Scion XB wagon, 2.4, 5-speed manual
      9. $0.468/mi. - Toyota Corolla CE sedan, 1.8, 5-speed manual

      34th place: Toyota Prius - 49.4 cents a mile

      Source: "Hybrids Don't Shine in True Cost To Own Study" Green Car Advisor
      While searching for most expensive cars, I found a bunch of resources including this forum as well. It took 3 hours of reading with a 4 cups of coffee to complete the research, and i must tell you that while searching, I came across to many resources claiming that they are the best information provider but there were only few resources which were actually best without any clunky ads, Most Expensive Cars You Should Know is one of those resources which tells the whole story of these expensive cars and their estimated prices.



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