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.
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.
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.
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.
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 |
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