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Which Mopars are cheapest to own, overall?

by Bill Cawthon on

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
Costs 5-Year Total   Costs 5-Year Total
Purchase Price $21,592 Purchase Price $27,002
Fuel $10,392 Fuel $11,518
Insurance $4,110 Insurance $4,255
Financing* $1,137 Financing* $1,421
State Fees $1,940 State Fees $2,428
Maintenance $2,187 Maintenance $1,761
Repairs $3,408 Repairs $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.

 

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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