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June 05, 2008

Least Expensive Cars to Own

Cost_of_owning_a_vehicle The cost of owning a vehicle goes beyond the purchase price. Expenses like insurance and maintenance can add up.

To attain absolute rock bottom ownership costs — which still tally more than $30,000 over five years, even for a $10,000 car — a vehicle must be spartan. It must be small and lightweight to maximize fuel economy. And it should skimp on features, so that maintenance and repair costs stay low.

But most of all, it must start life with a sticker price well below even the most affordable luxury cars. A low purchase price holds down insurance premiums, taxes and fees, financing costs, and, especially, depreciation.

ForbesAutos.com has listed the top ten least expensive vehicles to own. Click here to see the list.

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