The Dodge Caravan and Jeep Wrangler are the cheapest vehicles to own  in their classes, according to the editors of the Kelley Blue Book, who announced their fifth annual Five Year Cost to Own Awards this morning.

Dodge-Caravan-2016-KBB-Web

Kelly Blue Book editors based their awards on purchase prices,  estimated depreciation, fuel costs, insurance, maintenance and repairs, and other expenses over five years.

The Dodge Grand Caravan came in second place last year, after the slow-selling Mazda5. With the American Value Package, it was this year’s easy winner in the Van/Minivan class.

Jeep-Wrangler-KBB-Web

The Wrangler's high resale value, coupled with lower-than-average maintenance and repair costs, offset its higher purchase price and fuel economy, to repeat its win from 2015 — also neatly beating the more fuel-efficient minivan.

ESTIMATED FIVE-YEAR COST OF OWNERSHIP
Dodge Grand Caravan AVP Jeep Wrangler Unlimited Sport
Costs5-Year Total Costs5-Year Total
Purchase Price$21,592Purchase Price$27,002
Fuel$10,392Fuel$11,518
Insurance$4,110Insurance$4,255
Financing*$1,137Financing*$1,421
State Fees$1,940State Fees$2,428
Maintenance$2,187Maintenance$1,761
Repairs$3,408Repairs$3,090
Less Residual Value($5,830)Less Residual Value($18,092)
Total 5-Year Cost$38,936 Total 5-Year Cost$33,383
Cost Per Mile**$0.52 Cost Per Mile**$0.45
*60 Months at 2.26% with 10% down payment.
*Estimated at 15,000 miles per year for total of 75,000 miles.
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