Kelley Blue Book released a report this week on the most fuel-efficient and money saving vehicles that can help consumers spend a little less time worrying about their vehicle finances.
The Irvine-based leading provider of new and used car information says many of the current fuel-efficient cars with a five-year Total Cost of Ownership (TCO) less than $30,000, will help out consumers in the long run. KBB’s report on the Total Cost of Ownership includes expected fuel costs, financing and insurance fees, and maintenance and repair fees for the first five years of ownership.
Despite the economic downturn and higher fuel prices, KBB researchers say there are still ways to save on vehicle spending in the long run by purchasing these high-fuel-economy vehicles.
“When it comes to purchasing an automobile, consumers need to think long term to determine all of the costs associated with owning a vehicle,” said Alec Guiterrez, a senior market analyst for Kelley Blue Book.
Some of the top fuel-efficient models from O.C.-based auto manufacturers include the Kia Soul and Kia Rio, and the Mazada MAZDA2 and MAZDA3, both headquartered in Irvine. The Hyundai Accent and Elantra, based in Costa Mesa, also made the light for high mpg and an affordable TCO. Other brands on the list include Toyota, Honda and Chevrolet.
The list of the most fuel-efficient vehicles was created to help consumers pin point how best to spend their money on saving long term on their car expenses.
“We feature only the most affordable trims available for each vehicle on our list, so some creature comforts and amenities may not be available at these bargain basement prices,” Gutierrez said.
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