Mustang and Explorer Lead Ford Honors
Larry Jewett - February 08, 2014 04:59 PM
The 2014 model-year vehicles and brands (in both non-luxury and luxury categories) with the lowest projected ownership costs were recently announced by Kelley Blue Book’s www.kbb.com, the leading provider of new and used car information. These awards are based on Kelley Blue Book’s 5-Year Cost to Own data for new cars for the initial five-year ownership period.
While depreciation (or loss of value) and fuel costs may be the greatest expense incurred in owning a vehicle, there are other factors that can have a significant impact on a consumer’s pocketbook. The 5-Year Cost to Own information takes into consideration depreciation, expected fuel costs, finance and insurance fees, maintenance and repair costs, and state fees for new models.
Kelley Blue Book’s 5-Year Cost to Own Awards, like all new- and used-car information provided by KBB.com, exist to help shoppers make more informed new-car buying decisions by breaking down typical ownership cost details and naming the brands and models with the lowest projected five-year total.
Ford’s Mustang was cited in the “Sports Car” brand with the ford Explorer taking honors in the “Full Size SUV/Crossover” brand.
“¬¬New-car shoppers naturally want to know how much a car will cost upfront; however, sometimes an even more expensive car can actually save you money during the first five years of ownership,” said Dan Ingle, vice president of vehicle valuations for Kelley Blue Book. “Kelley Blue Book’s 5-Year Cost to Own information evaluates the other out-of-pocket expenses drivers will incur, which helps consumers choose the vehicle that fits them and their wallets best, helping save money down the road.”
For more information about the 2014 5-Year Cost to Own Award winners, please visit www.kbb.com/new-cars/5-year-cost-to-own-awards/