New-car buyers typically give more consideration to the cost of a car upfront that they pay, but sometimes other factors such as depreciation, maintenance, and fuel costs, can significantly increase total ownership costs in total. Car makers across the world have been manufacturing cheaper and cheaper cars to woo more buyers. One’s vehicle starts depreciating and wearing down as soon as it drives off of the lot: it is sensible to not pay more to own it than you have to. Considering insurance amount to be paid every year is also a crucial factor to consider while buying. Evaluating the other out-of-pocket expenses the customers will incur beyond the initial purchase price, which can help consumers shop new-car smart and save money down the road by choosing the vehicle that fits best for their needs and their long-term budget. We have narrowed it down top 25 cheapest car to own. Let’s go find out.
2017 Chevrolet spark: Starting price is $13,000 and Five-year cost to own is $28,216 with little maintenance will be required over its lifetime.
