Having a low maintenance car means that it will retain its value for a while.
Your car can depreciate in value the moment you drive it off the lot. So, how do you know if the car you’ve purchased will be a good investment down the road?
You ultimately want a car that will retain as much of its value as possible, and that means low maintenance cars that emphasize efficiency, reliability, and safety. All of these elements can combine into a car that can go the distance and fetch a pretty penny come trade-in time.
After spending some time perusing the Kelley Blue Book listing of 2018 models with the lowest five-year cost of ownership, we have a short list of the cheapest cars to maintain:
Chevrolet Spark Hatchback
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- Price: $14,000
- Fuel economy: 31 mpg city/38 mpg highway
- 2017 five-year cost of ownership: $29,171
When it comes to the cheapest cars to maintain, the Chevrolet Spark makes the top of our list. It has the overall lowest five-year cost of ownership and the purchase price is comparatively lower compared to others on this list.
Boasting efficient fuel economy and 98 horsepower, the Chevrolet Spark also comes with a decent safety rating. Not only is it a cheap car to maintain, it is also reliable. These two qualities are important to take into consideration when you’re determining a vehicle’s potential loss of value. Read up on these maintenance tips that will extend the life of your car.
- Price: $15,000
- Fuel economy: 29 mpg city/37 mpg highway
- 2017 five-year cost of ownership: $29,819
Next on our list of low maintenance cars is the Kia Rio. This time around, the Kia Rio has had a total makeover in terms of the safety systems and creature comforts. Those creature comforts include an interior perfect for smart driving with a 7-inch display to run Apple CarPlay or Android Auto and satellite radio (comes standard), to name just a few.
The Kia Rio has also received a motor makeover with an updated version of the 1.6-liter 4-cylinder engine. This makes for a more dependable driver experience navigating traffic and climbing hills than the previous model.