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Patriot, Grand Caravan named lowest cost to own

by Bill Cawthon on

Jeep-2014Patriot-Web
For the second consecutive year, the Jeep Patriot was among KBB.com’s lowest-cost-to-own honorees. The Patriot bested all others in the compact SUV/Crossover category, including the second-place Subaru XV Crosstrek and the Mitsubishi Outlander Sport, which finished third.

KBB.com estimated the five-year costs of a Patriot, including vehicle acquisition, maintenance, insurance, financing charges, etc., at $34,894.

Speaking of the Patriot, KBB.com says: “First, it’s dirt cheap; opt for the front-wheel drive Sport 4×2 and you can get out the door for right around $16,000, making it the least expensive Jeep you can buy. Second, it benefits from Jeep’s excellent resale value, which helps keep its depreciation costs low. Put them together, and you have a vehicle with best-in-class 5-year cost to own.”

This year, the Patriot was joined by the Dodge Grand Caravan, winner in the Minivan/Van category. Over a five-year period, the Grand Caravan has an estimated cost of ownership of $43,765, $2,359 less than the runner-up Honda Odyssey and $2,773 less than the Toyota Sienna.

KBB.com says: “…it’s still the least expensive to keep running over the course of five years. It doesn’t hurt that the Grand Caravan offers a wide variety of options and configurable seating, too.”

“Chrysler Group is honored that Kelley Blue Book has named the 2014 Jeep Patriot and 2014 Dodge Grand Caravan winners of its 5-Year Cost to Own Awards,” said Reid Bigland, Head of U.S. Sales. “These awards recognize our commitment to producing quality and reliable vehicles that customers love, while providing great value throughout the ownership experience.”

Kelley Blue Book 5-Year Cost to Own data is developed using the company’s calculated residual values and a proprietary valuation method for calculating out-of-pocket expenses. It also incorporates financial data from third-party providers.

Bill Cawthon grew up in the auto industry in the 1950s. His Dad worked for Chrysler and Bill spent a number of Saturdays down on the plant floor at Dodge Main in Hamtramck. Bill is also the U.S. market correspondent for just-auto.com, a British auto industry publication, and a member of the Texas Auto Writers Association, which has named the Jeep Grand Cherokee the “SUV of Texas” several times and named the Ram 1500 as the “Truck of Texas” two years running.

Bill has owned five Plymouths (including the only 1962 “Texan”), one Dodge and one Chrysler and is still trying to figure out how to justify a Wrangler. He also has owned at least one of every 1:87 scale model of a Chrysler product. You can reach him directly at (206) 888-7324 or by using the form.


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